HSN Code 71142020 represents Other Articles of Goldsmiths or Silversmiths Wares under GST classification. This code helps businesses identify Other Articles of Goldsmiths or Silversmiths Wares correctly for billing, taxation, and trade. With HSN Code 71142020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Articles of Goldsmiths or Silversmiths Wares.
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HSN Code 71142020 relates to the following description.
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal
Of base metal clad with precious metal : Other articles
1.5%
1.5%
3%
0%
Description of Goods
Of base metal clad with precious metal : Other articles
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%
Other Articles of Goldsmiths or Silversmiths Wares does not include products with the following descriptions.
Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Articles
Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Parts
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
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
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
Of base metal clad with precious metal : Articles clad with gold
Of base metal clad with precious metal : Parts
Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Articles
Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Parts
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
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
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
Of base metal clad with precious metal : Articles clad with gold
Of base metal clad with precious metal : Parts
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹10 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹10 Cr
Surplus rank #9047 of 12657 HSN codes
% of Sub-Chapter 7114
FY 2024-250.48%
Share of Sub-Chapter 7114’s total exports in FY 2024-25
Import side: 12.48% of Sub-Chapter 7114’s imports
Rank Within Sub-Chapter 7114
FY 2024-25#4 of 8
Position by export value among HSN codes in Sub-Chapter 7114
Import-side rank: #3 of 8
At a glance
−31.86%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8493
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+294.74%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.48%
Contribution to Sub-Ch. 7114
Share of Sub-Chapter 7114 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+5.18
Exports
7.49 ₹ Cr
0.0003% share
— YoY
3.37% of Sub-Ch. 7114
Imports
2.31 ₹ Cr
0.0001% share
— YoY
1.60% of Sub-Ch. 7114
Balance
−0.26
Exports
2.11 ₹ Cr
0.0001% share
−71.83% YoY
1.58% of Sub-Ch. 7114
Imports
2.37 ₹ Cr
0.0001% share
+2.60% YoY
3.10% of Sub-Ch. 7114
Balance
−1.12
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−76.30% YoY
0.68% of Sub-Ch. 7114
Imports
1.62 ₹ Cr
0.0001% share
−31.65% YoY
9.13% of Sub-Ch. 7114
Balance
−1.79
Exports
1.89 ₹ Cr
0.0001% share
+278.00% YoY
1.46% of Sub-Ch. 7114
Imports
3.68 ₹ Cr
0.0001% share
+127.16% YoY
14.55% of Sub-Ch. 7114
Balance
−6.31
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−64.02% YoY
0.43% of Sub-Ch. 7114
Imports
6.99 ₹ Cr
0.0001% share
+89.95% YoY
1.36% of Sub-Ch. 7114
Balance
−8.78
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−72.06% YoY
0.10% of Sub-Ch. 7114
Imports
8.97 ₹ Cr
0.0002% share
+28.33% YoY
21.71% of Sub-Ch. 7114
Balance
−9.58
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+294.74% YoY
0.48% of Sub-Ch. 7114
Imports
10.33 ₹ Cr
0.0002% share
+15.16% YoY
12.48% of Sub-Ch. 7114
CAGR · 7-Year
Exports
−31.86% /yr
Imports
28.36% /yr
reference, FY 2024-25
Export
₹157.79 Cr
Import
₹82.78 Cr
Trade Balance
+75.01
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.
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.
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.
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.
India's imports under HSN Code 71142020 have grown at 28.36% CAGR, reaching ₹10.33 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 71142020 and GST compliance.
It includes Laboratory 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.
Under HSN 71142020, Other Articles of Goldsmiths or Silversmiths Wares attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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).