--- title: "HSN Code for Parts of Goldsmiths or Silversmiths Articles | HSN 71142030 GST Rate" description: "Find HSN and GST Rates for 71142030 related to Parts of Goldsmiths or Silversmiths Articles with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71142030/" --- # HSN Code 71142030: Parts of Goldsmiths or Silversmiths Articles - [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 : Parts | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71142030 ? It includes Spinnerets Made Mainly of Gold ### Any common misclassification issue with Parts of Goldsmiths or Silversmiths Articles? 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 Parts of Goldsmiths or Silversmiths Articles is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Parts of Goldsmiths or Silversmiths Articles; Nil for exempt items if applicable). ### How much GST applies to Parts of Goldsmiths or Silversmiths Articles? Under HSN 71142030, Parts of Goldsmiths or Silversmiths Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Parts of Goldsmiths or Silversmiths Articles? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Parts of Goldsmiths or Silversmiths Articles? 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. ### Does packaging or labelling change the GST for Parts of Goldsmiths or Silversmiths Articles? 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. ## India's trade performance: HSN Code 71142030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore — 0.0000% of India's total exports - Imports: < ₹1 Crore (+200.00% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7438 of 12657 HSN codes - Share of Sub-Chapter 7114: 0.01% of its exports; import side 0.22% - Rank within Sub-Chapter 7114: #6 of 8 by export value; import-side #6 ### Key metrics - Export CAGR: -26.80% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #10305 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +17,400.00% in FY 2021-22 - Contribution to Sub-Ch. 7114: 0.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71142030 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 | < ₹1 Crore | 0.0000% | — | 0.06% | < ₹1 Crore | 0.0000% | — | 0.20% | −0.16 | #9066 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −84.62% | 0.02% | Nil | 0.0000% | −100.00% | 0.00% | +0.02 | #9717 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −50.00% | 0.01% | < ₹1 Crore | 0.0000% | — | 0.79% | −0.13 | #9985 | | FY 2021-22 | 1.75 | 0.0001% | +17,400.00% | 1.35% | < ₹1 Crore | 0.0000% | +157.14% | 1.42% | +1.39 | #7459 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −77.14% | 0.25% | < ₹1 Crore | 0.0000% | −91.67% | 0.01% | +0.37 | #8854 | | FY 2023-24 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | +100.00% | 0.15% | −0.06 | — | | FY 2024-25 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | +200.00% | 0.22% | −0.16 | #10305 | - CAGR (7-year): exports -26.80%/yr, imports -7.64%/yr (consistently Deficit) ## Key trade insights: HSN Code 71142030 export-import analysis ### Export decline: -26.80% CAGR over 7 years India's exports under HSN Code 71142030 have declined at a compound annual rate of -26.80% over 7 fiscal years, falling from ₹0.13 Crore in FY 2018-19 to ₹0.02 Crore in FY 2024-25. ### HSN Code 71142030 ranked #10305 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71142030 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 #7438 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 71142030 exports The strongest single-year export movement for HSN Code 71142030 was recorded in FY 2021-22, when exports surged by 17,400.00% over the prior year. ### India records a trade deficit of ₹0.16 Crore in HSN Code 71142030 goods In FY 2024-25, India's imports of ₹0.18 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹0.16 Crore — ranking #7438 of 12657 by surplus magnitude. ### Import growth of -7.64% CAGR signals stable import dependency for Parts of Goldsmiths or Silversmiths Articles India's imports under HSN Code 71142030 have grown at -7.64% CAGR, reaching ₹0.18 Crore in FY 2024-25. ### HSN Code 71142030 contributes 0.01% of Sub-Chapter 7114 exports — ranked #6 Among the 8 HSN codes under Sub-Chapter 7114, HSN Code 71142030 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 0.22% share (rank #6). ## 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](https://busy.in/hsn/hsn-71142020/) | < ₹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 (this hsn code) | < ₹1 Crore | | #8 | [HSN Code 71141930: Parts of Precious Metal Articles](https://busy.in/hsn/hsn-71141930/) | < ₹1 Crore |