HSN Code 71141920: Platinum Articles of Precious Metal

HSN Code 71141920 represents Platinum Articles of Precious Metal under GST classification. This code helps businesses identify Platinum Articles of Precious Metal correctly for billing, taxation, and trade. With HSN Code 71141920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Platinum Articles of Precious Metal.

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Description of Goods for HSN Code 71141920

HSN Code 71141920 relates to the following description.

Description of Goods

Of precious metal, whether or not plated or clad with precious metal : Of other precious metal, whether or not plated or clad with precious metal : Articles of platinum

Chapter

71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

Sub Chapter

7114 - Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal

CGST

1.5%

SGST

1.5%

IGST

3%

CESS

0%

What does HSN Code 71141920 not include?

Platinum Articles of Precious Metal does not include products with the following descriptions.

HSN Code 71141110

Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Articles

HSN Code 71141120

Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Parts

HSN Code 71141910

Of precious metal, whether or not plated or clad with precious metal : Of other precious metal, whether or not plated or clad with precious metal : Articles of gold

HSN Code 71141930

Of precious metal, whether or not plated or clad with precious metal : Of other precious metal, whether or not plated or clad with precious metal : Parts

India’s Trade Performance — HSN Code 71141920 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

−97.01% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #5519 of 12657 HSN codes

% of Sub-Chapter 7114

FY 2024-25

0.01%

Share of Sub-Chapter 7114’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 7114’s imports

Rank Within Sub-Chapter 7114

FY 2024-25

#6 of 8

Position by export value among HSN codes in Sub-Chapter 7114

At a glance

−38.78%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#10305

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+1,900.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.01%

Contribution to Sub-Ch. 7114

Share of Sub-Chapter 7114 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 71141920

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8380

Balance

+0.37

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.17% of Sub-Ch. 7114

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 7114

FY 2019-20

Balance

−26.95

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7114

Imports

26.95 ₹ Cr

0.0008% share

+2,69,400.00% YoY

35.22% of Sub-Ch. 7114

FY 2020-21 Exp. Rank #9824

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 7114

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7114

FY 2021-22 Exp. Rank #8724

Balance

+0.40

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,900.00% YoY

0.31% of Sub-Ch. 7114

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7114

FY 2022-23 Exp. Rank #6973

Balance

+3.09

Exports

3.09 ₹ Cr

0.0001% share

+672.50% YoY

1.96% of Sub-Ch. 7114

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7114

FY 2023-24 Exp. Rank #8575

Balance

+0.67

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−78.32% YoY

0.37% of Sub-Ch. 7114

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7114

FY 2024-25 Exp. Rank #10305

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−97.01% YoY

0.01% of Sub-Ch. 7114

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7114

CAGR · 7-Year

Exports

−38.78% /yr

Imports

—

Consistently Surplus
Sub-Chapter 7114 total

reference, FY 2024-25

Export

₹157.79 Cr

Import

₹82.78 Cr

Trade Balance

+75.01

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 71141920 Export-Import Analysis

Export Decline: −38.78% CAGR Over 7 Years

India's exports under HSN Code 71141920 have declined at a compound annual rate of −38.78% over 7 fiscal years, falling from ₹0.38 Crore in FY 2018-19 to ₹0.02 Crore in FY 2024-25.

HSN Code 71141920 Ranked #10305 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 71141920 ranks #10305 out of 12657 HSN codes by total export value. Within Sub-Chapter 7114, it ranks #6 of 8. By trade surplus, it ranks #5519 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 71141920 Exports

The strongest single-year export movement for HSN Code 71141920 was recorded in FY 2021-22, when exports surged by 1,900.00% over the prior year.

India Maintains a Trade Surplus of ₹0.02 Crore in HSN Code 71141920 Goods

In FY 2024-25, India's exports of ₹0.02 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.02 Crore — ranking #5519 of 12657 by surplus magnitude.

HSN Code 71141920 Contributes 0.01% of Sub-Chapter 7114 Exports — Ranked #6

Among the 8 HSN codes under Sub-Chapter 7114, HSN Code 71141920 ranks #6 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71141920 and GST compliance.

What products are classified under HSN 71141920 ?

It includes Other Articles of Goldsmiths or Silversmiths Wares

Can we claim ITC on inputs used to trade Platinum Articles of Precious Metal?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Platinum Articles of Precious Metal?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

How much GST applies to Platinum Articles of Precious Metal?

Under HSN 71141920, Platinum Articles of Precious Metal attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Platinum Articles of Precious Metal?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Platinum Articles of Precious Metal is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Platinum Articles of Precious Metal; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Platinum Articles of Precious Metal?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.