--- title: "HSN Code for Other Articles of Goldsmiths or Silversmiths Wares | HSN 71142020 GST Rate" description: "Find HSN and GST Rates for 71142020 related to Other Articles of Goldsmiths or Silversmiths Wares with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71142020/" --- # HSN Code 71142020: Other Articles of Goldsmiths or Silversmiths Wares - [Section 14: Guide to HSN Section 14](https://busy.in/hsn/section-14/) - [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/) - [Sub-chapter 7114: Precious metal articles & wares](https://busy.in/hsn/sub-chapter-7114/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of base metal clad with precious metal : Other articles | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71142020 ? It includes Laboratory Articles of Precious Metal ### Any common misclassification issue with Other Articles of Goldsmiths or Silversmiths Wares? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Other Articles of Goldsmiths or Silversmiths Wares? Under HSN 71142020, Other Articles of Goldsmiths or Silversmiths Wares attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Other Articles of Goldsmiths or Silversmiths Wares? 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. ### Can we claim ITC on inputs used to trade Other Articles of Goldsmiths or Silversmiths Wares? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Other Articles of Goldsmiths or Silversmiths Wares is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Articles of Goldsmiths or Silversmiths Wares; Nil for exempt items if applicable). ## India's trade performance: HSN Code 71142020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+294.74% YoY) — 0.0000% of India's total exports - Imports: ₹10 Cr (+15.16% YoY) — 0.0002% of India's total imports - Trade balance: −₹10 Cr (Deficit); surplus rank #9047 of 12657 HSN codes - Share of Sub-Chapter 7114: 0.48% of its exports; import side 12.48% - Rank within Sub-Chapter 7114: #4 of 8 by export value; import-side #3 ### Key metrics - Export CAGR: -31.86% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8493 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +294.74% in FY 2024-25 - Contribution to Sub-Ch. 7114: 0.48% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71142020 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7114 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7114 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 7.49 | 0.0003% | — | 3.37% | 2.31 | 0.0001% | — | 1.60% | +5.18 | #5359 | | FY 2019-20 | 2.11 | 0.0001% | −71.83% | 1.58% | 2.37 | 0.0001% | +2.60% | 3.10% | −0.26 | #6866 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −76.30% | 0.68% | 1.62 | 0.0001% | −31.65% | 9.13% | −1.12 | #8235 | | FY 2021-22 | 1.89 | 0.0001% | +278.00% | 1.46% | 3.68 | 0.0001% | +127.16% | 14.55% | −1.79 | #7389 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −64.02% | 0.43% | 6.99 | 0.0001% | +89.95% | 1.36% | −6.31 | #8426 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −72.06% | 0.10% | 8.97 | 0.0002% | +28.33% | 21.71% | −8.78 | #9474 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +294.74% | 0.48% | 10.33 | 0.0002% | +15.16% | 12.48% | −9.58 | #8493 | - CAGR (7-year): exports -31.86%/yr, imports 28.36%/yr (consistently Deficit) ## Key trade insights: HSN Code 71142020 export-import analysis ### Export decline: -31.86% CAGR over 7 years India's exports under HSN Code 71142020 have declined at a compound annual rate of -31.86% over 7 fiscal years, falling from ₹7.49 Crore in FY 2018-19 to ₹0.75 Crore in FY 2024-25. ### HSN Code 71142020 ranked #8493 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71142020 ranks #8493 out of 12657 HSN codes by total export value. Within Sub-Chapter 7114, it ranks #4 of 8. By trade surplus, it ranks #9047 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 71142020 exports The strongest single-year export movement for HSN Code 71142020 was recorded in FY 2024-25, when exports surged by 294.74% over the prior year. ### India records a trade deficit of ₹9.58 Crore in HSN Code 71142020 goods In FY 2024-25, India's imports of ₹10.33 Cr exceeded exports of ₹0.75 Cr, resulting in a trade deficit of ₹9.58 Crore — ranking #9047 of 12657 by surplus magnitude. ### Import growth of 28.36% CAGR signals rising demand for Other Articles of Goldsmiths or Silversmiths Wares India's imports under HSN Code 71142020 have grown at 28.36% CAGR, reaching ₹10.33 Crore in FY 2024-25. ### HSN Code 71142020 contributes 0.48% of Sub-Chapter 7114 exports — ranked #4 Among the 8 HSN codes under Sub-Chapter 7114, HSN Code 71142020 ranks #4 by export value — accounting for 0.48% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 12.48% share (rank #3). ## Related HSN Codes in Sub-Chapter 7114 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71141110: Silver Articles of Goldsmiths or Silversmiths](https://busy.in/hsn/hsn-71141110/) | ₹120 Cr | | #2 | [HSN Code 71141910: Gold Articles of Precious Metal](https://busy.in/hsn/hsn-71141910/) | ₹35 Cr | | #3 | [HSN Code 71142010: Goldsmiths or Silversmiths' Articles of Base Metal Clad](https://busy.in/hsn/hsn-71142010/) | ₹2 Cr | | #4 | HSN Code 71142020: Other Articles of Goldsmiths or Silversmiths Wares (this hsn code) | < ₹1 Crore | | #5 | [HSN Code 71141120: Silver Parts of Goldsmiths or Silversmiths Wares](https://busy.in/hsn/hsn-71141120/) | < ₹1 Crore | | #6 | [HSN Code 71141920: Platinum Articles of Precious Metal](https://busy.in/hsn/hsn-71141920/) | < ₹1 Crore | | #6 | [HSN Code 71142030: Parts of Goldsmiths or Silversmiths Articles](https://busy.in/hsn/hsn-71142030/) | < ₹1 Crore | | #8 | [HSN Code 71141930: Parts of Precious Metal Articles](https://busy.in/hsn/hsn-71141930/) | < ₹1 Crore |