HSN Code 71159090 represents Other Articles of Precious Metal under GST classification. This code helps businesses identify Other Articles of Precious Metal correctly for billing, taxation, and trade. With HSN Code 71159090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Articles of Precious Metal.
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HSN Code 71159090 relates to the following description.
Description of Goods
Other: Other
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%
Other Articles of Precious Metal does not include products with the following descriptions.
Catalysts in the from of wire cloth or grill, of platinum
Other: Laboratory and industrial articles of precious metal
Other: Spinneret’s made mainly of gold
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹23 Cr
0.0004% of India’s total imports
Trade Balance
FY 2024-25−₹20 Cr
Surplus rank #9571 of 12657 HSN codes
% of Sub-Chapter 7115
FY 2024-2511.05%
Share of Sub-Chapter 7115’s total exports in FY 2024-25
Import side: 4.72% of Sub-Chapter 7115’s imports
Rank Within Sub-Chapter 7115
FY 2024-25#3 of 4
Position by export value among HSN codes in Sub-Chapter 7115
Import-side rank: #2 of 4
At a glance
−6.83%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7214
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,002.24%
Peak Growth Year
FY 2021-22 · strongest single-year move
11.05%
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
−10.50
Exports
4.51 ₹ Cr
0.0002% share
— YoY
24.82% of Sub-Ch. 7115
Imports
15.01 ₹ Cr
0.0004% share
— YoY
65.57% of Sub-Ch. 7115
Balance
−25.89
Exports
3.17 ₹ Cr
0.0001% share
−29.71% YoY
16.82% of Sub-Ch. 7115
Imports
29.06 ₹ Cr
0.0009% share
+93.60% YoY
53.93% of Sub-Ch. 7115
Balance
−21.75
Exports
1.34 ₹ Cr
0.0001% share
−57.73% YoY
12.98% of Sub-Ch. 7115
Imports
23.09 ₹ Cr
0.0008% share
−20.54% YoY
82.26% of Sub-Ch. 7115
Balance
−13.89
Exports
14.77 ₹ Cr
0.0005% share
+1,002.24% YoY
41.89% of Sub-Ch. 7115
Imports
28.66 ₹ Cr
0.0006% share
+24.12% YoY
79.11% of Sub-Ch. 7115
Balance
−23.19
Exports
7.21 ₹ Cr
0.0002% share
−51.18% YoY
39.79% of Sub-Ch. 7115
Imports
30.40 ₹ Cr
0.0005% share
+6.07% YoY
15.78% of Sub-Ch. 7115
Balance
+11.93
Exports
28.25 ₹ Cr
0.0008% share
+291.82% YoY
65.20% of Sub-Ch. 7115
Imports
16.32 ₹ Cr
0.0003% share
−46.32% YoY
6.47% of Sub-Ch. 7115
Balance
−20.45
Exports
2.95 ₹ Cr
0.0001% share
−89.56% YoY
11.05% of Sub-Ch. 7115
Imports
23.40 ₹ Cr
0.0004% share
+43.38% YoY
4.72% of Sub-Ch. 7115
CAGR · 7-Year
Exports
−6.83% /yr
Imports
7.68% /yr
reference, FY 2024-25
Export
₹26.70 Cr
Import
₹495.64 Cr
Trade Balance
−468.94
India's exports under HSN Code 71159090 have declined at a compound annual rate of −6.83% over 7 fiscal years, falling from ₹4.51 Crore in FY 2018-19 to ₹2.95 Crore in FY 2024-25.
In FY 2024-25, HSN Code 71159090 ranks #7214 out of 12657 HSN codes by total export value. Within Sub-Chapter 7115, it ranks #3 of 4. By trade surplus, it ranks #9571 of 12657.
The strongest single-year export movement for HSN Code 71159090 was recorded in FY 2021-22, when exports surged by 1,002.24% over the prior year.
In FY 2024-25, India's imports of ₹23.40 Cr exceeded exports of ₹2.95 Cr, resulting in a trade deficit of ₹20.45 Crore — ranking #9571 of 12657 by surplus magnitude.
India's imports under HSN Code 71159090 have grown at 7.68% CAGR, reaching ₹23.40 Crore in FY 2024-25.
Among the 4 HSN codes under Sub-Chapter 7115, HSN Code 71159090 ranks #3 by export value — accounting for 11.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.72% share (rank #2).
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Clear answers to common queries about HSN Code 71159090 and GST compliance.
It includes Precious Coins of Gold, Silver
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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 Other Articles of Precious Metal; Nil for exempt items if applicable).
Under HSN 71159090, Other Articles of Precious Metal attracts Varies when sold in taxable form. Describe the exact form on the invoice.