HSN Code 71159010 represents Laboratory Articles of Precious Metal under GST classification. This code helps businesses identify Laboratory Articles of Precious Metal correctly for billing, taxation, and trade. With HSN Code 71159010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Laboratory Articles of Precious Metal.
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HSN Code 71159010 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
Other articles of precious metal or of metal clad with precious metal
Other: Laboratory and industrial articles of precious metal
1.5%
1.5%
3%
0%
Description of Goods
Other: Laboratory and industrial articles of precious metal
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
7115 - Other articles of precious metal or of metal clad with precious metal
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Laboratory Articles of Precious Metal does not include products with the following descriptions.
Catalysts in the from of wire cloth or grill, of platinum
Other: Spinneret’s made mainly of gold
Other: Other
India’s Exports
FY 2024-25₹20 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹471 Cr
0.0077% of India’s total imports
Trade Balance
FY 2024-25−₹451 Cr
Surplus rank #11830 of 12657 HSN codes
% of Sub-Chapter 7115
FY 2024-2573.93%
Share of Sub-Chapter 7115’s total exports in FY 2024-25
Import side: 94.97% of Sub-Chapter 7115’s imports
Rank Within Sub-Chapter 7115
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 7115
Import-side rank: #1 of 4
At a glance
194.92%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4895
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+4,233.33%
Peak Growth Year
FY 2019-20 · strongest single-year move
73.93%
Contribution to Sub-Ch. 7115
Share of Sub-Chapter 7115 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
−5.06
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.17% of Sub-Ch. 7115
Imports
5.09 ₹ Cr
0.0001% share
— YoY
22.24% of Sub-Ch. 7115
Balance
−17.49
Exports
1.30 ₹ Cr
0.0001% share
+4,233.33% YoY
6.90% of Sub-Ch. 7115
Imports
18.79 ₹ Cr
0.0006% share
+269.16% YoY
34.87% of Sub-Ch. 7115
Balance
−1.57
Exports
2.36 ₹ Cr
0.0001% share
+81.54% YoY
22.87% of Sub-Ch. 7115
Imports
3.93 ₹ Cr
0.0001% share
−79.08% YoY
14.00% of Sub-Ch. 7115
Balance
−1.38
Exports
6.10 ₹ Cr
0.0002% share
+158.47% YoY
17.30% of Sub-Ch. 7115
Imports
7.48 ₹ Cr
0.0002% share
+90.33% YoY
20.65% of Sub-Ch. 7115
Balance
−79.30
Exports
8.46 ₹ Cr
0.0002% share
+38.69% YoY
46.69% of Sub-Ch. 7115
Imports
87.76 ₹ Cr
0.0015% share
+1,073.26% YoY
45.54% of Sub-Ch. 7115
Balance
−217.53
Exports
12.88 ₹ Cr
0.0004% share
+52.25% YoY
29.73% of Sub-Ch. 7115
Imports
230.41 ₹ Cr
0.0041% share
+162.55% YoY
91.37% of Sub-Ch. 7115
Balance
−450.95
Exports
19.74 ₹ Cr
0.0005% share
+53.26% YoY
73.93% of Sub-Ch. 7115
Imports
470.69 ₹ Cr
0.0077% share
+104.28% YoY
94.97% of Sub-Ch. 7115
CAGR · 7-Year
Exports
194.92% /yr
Imports
112.65% /yr
reference, FY 2024-25
Export
₹26.70 Cr
Import
₹495.64 Cr
Trade Balance
−468.94
India's exports under HSN Code 71159010 have grown at a compound annual rate of 194.92% over 7 fiscal years, rising from ₹0.03 Crore in FY 2018-19 to ₹19.74 Crore in FY 2024-25.
In FY 2024-25, HSN Code 71159010 ranks #4895 out of 12657 HSN codes by total export value. Within Sub-Chapter 7115, it ranks #1 of 4. By trade surplus, it ranks #11830 of 12657.
The strongest single-year export movement for HSN Code 71159010 was recorded in FY 2019-20, when exports surged by 4,233.33% over the prior year.
In FY 2024-25, India's imports of ₹470.69 Cr exceeded exports of ₹19.74 Cr, resulting in a trade deficit of ₹450.95 Crore — ranking #11830 of 12657 by surplus magnitude.
India's imports under HSN Code 71159010 have grown at 112.65% CAGR, reaching ₹470.69 Crore in FY 2024-25.
Among the 4 HSN codes under Sub-Chapter 7115, HSN Code 71159010 ranks #1 by export value — accounting for 73.93% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 94.97% share (rank #1).
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 71159010 and GST compliance.
It includes Imitation Jewellery
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Laboratory Articles of Precious Metal; Nil for exempt items if applicable).
Under HSN 71159010, Laboratory Articles of Precious Metal attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.