HSN Code 71171910: Other Precious Metal Coins

HSN Code 71171910 represents Other Precious Metal Coins under GST classification. This code helps businesses identify Other Precious Metal Coins correctly for billing, taxation, and trade. With HSN Code 71171910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Precious Metal Coins.

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Description of Goods for HSN Code 71171910

HSN Code 71171910 relates to the following description.

Description of Goods

Of base metal, whether or not plated with precious metal : Other : Bangles

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

7117 - Imitation jewellery

CGST

1.5%

SGST

1.5%

IGST

3%

CESS

0%

What does HSN Code 71171910 not include?

Other Precious Metal Coins does not include products with the following descriptions.

Of base metal, whether or not plated with precious metal : Cuff-links and studs

Of base metal, whether or not plated with precious metal : Other : German silver jewellery

Other : Jewellery studded with imitation pearls or imitation or synthetic stones

India’s Trade Performance — HSN Code 71171910 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹67 Cr

−3.66% vs FY 2023-24

0.0018% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

−13.48% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹65 Cr

Trade Surplus

Surplus rank #1961 of 12657 HSN codes

% of Sub-Chapter 7117

FY 2024-25

5.84%

Share of Sub-Chapter 7117’s total exports in FY 2024-25

Import side: 0.83% of Sub-Chapter 7117’s imports

Rank Within Sub-Chapter 7117

FY 2024-25

#4 of 6

Position by export value among HSN codes in Sub-Chapter 7117

Import-side rank: #5 of 6

At a glance

−21.43%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3209

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

−3.66%

Peak Growth Year

FY 2024-25 · strongest single-year move

5.84%

Contribution to Sub-Ch. 7117

Share of Sub-Chapter 7117 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 71171910

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #1018

Balance

+283.60

Exports

286.37 ₹ Cr

0.0125% share

YoY

20.74% of Sub-Ch. 7117

Imports

2.77 ₹ Cr

0.0001% share

YoY

1.00% of Sub-Ch. 7117

FY 2019-20 Exp. Rank #1057

Balance

+271.95

Exports

273.82 ₹ Cr

0.0124% share

−4.38% YoY

20.75% of Sub-Ch. 7117

Imports

1.87 ₹ Cr

0.0001% share

−32.49% YoY

0.66% of Sub-Ch. 7117

FY 2020-21 Exp. Rank #1294

Balance

+213.62

Exports

214.70 ₹ Cr

0.0100% share

−21.59% YoY

20.84% of Sub-Ch. 7117

Imports

1.08 ₹ Cr

0.0000% share

−42.25% YoY

0.78% of Sub-Ch. 7117

FY 2021-22 Exp. Rank #1827

Balance

+165.51

Exports

166.38 ₹ Cr

0.0053% share

−22.51% YoY

13.30% of Sub-Ch. 7117

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−19.44% YoY

0.41% of Sub-Ch. 7117

FY 2022-23 Exp. Rank #2307

Balance

+118.26

Exports

119.46 ₹ Cr

0.0033% share

−28.20% YoY

9.71% of Sub-Ch. 7117

Imports

1.20 ₹ Cr

0.0000% share

+37.93% YoY

0.53% of Sub-Ch. 7117

FY 2023-24 Exp. Rank #3080

Balance

+67.25

Exports

69.92 ₹ Cr

0.0019% share

−41.47% YoY

5.88% of Sub-Ch. 7117

Imports

2.67 ₹ Cr

0.0000% share

+122.50% YoY

1.02% of Sub-Ch. 7117

FY 2024-25 Exp. Rank #3209

Balance

+65.05

Exports

67.36 ₹ Cr

0.0018% share

−3.66% YoY

5.84% of Sub-Ch. 7117

Imports

2.31 ₹ Cr

0.0000% share

−13.48% YoY

0.83% of Sub-Ch. 7117

CAGR · 7-Year

Exports

−21.43% /yr

Imports

−2.98% /yr

Consistently Surplus
Sub-Chapter 7117 total

reference, FY 2024-25

Export

₹1,154.20 Cr

Import

₹277.95 Cr

Trade Balance

+876.25

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 71171910 Export-Import Analysis

Export Decline: −21.43% CAGR Over 7 Years

India's exports under HSN Code 71171910 have declined at a compound annual rate of −21.43% over 7 fiscal years, falling from ₹286.37 Crore in FY 2018-19 to ₹67.36 Crore in FY 2024-25.

HSN Code 71171910 Ranked #3209 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 71171910 ranks #3209 out of 12657 HSN codes by total export value. Within Sub-Chapter 7117, it ranks #4 of 6. By trade surplus, it ranks #1961 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 71171910 Exports

The strongest single-year export movement for HSN Code 71171910 was recorded in FY 2024-25, when exports declined by 3.66% over the prior year.

India Maintains a Trade Surplus of ₹65.05 Crore in HSN Code 71171910 Goods

In FY 2024-25, India's exports of ₹67.36 Cr exceeded imports of ₹2.31 Cr, resulting in a trade surplus of ₹65.05 Crore — ranking #1961 of 12657 by surplus magnitude.

Import Growth of −2.98% CAGR Signals Stable Import Dependency for Other Precious Metal Coins

India's imports under HSN Code 71171910 have grown at −2.98% CAGR, reaching ₹2.31 Crore in FY 2024-25.

HSN Code 71171910 Contributes 5.84% of Sub-Chapter 7117 Exports — Ranked #4

Among the 6 HSN codes under Sub-Chapter 7117, HSN Code 71171910 ranks #4 by export value — accounting for 5.84% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.83% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71171910 and GST compliance.

What products are classified under HSN 71171910 ?

It includes Other Imitation Jewellery

How should mixed supplies be billed when Other Precious Metal Coins is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Precious Metal Coins; Nil for exempt items if applicable).

Any common misclassification issue with Other Precious Metal Coins?

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 Precious Metal Coins?

Under HSN 71171910, Other Precious Metal Coins attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Other Precious Metal Coins?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Other Precious Metal Coins?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.