---
title: "HSN Code for Precious metal watches | HSN 91131000 GST Rate"
description: "Find HSN and GST Rates for 91131000 related to Precious metal watches with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-91131000/"
---

# HSN Code 91131000: Precious metal watches

- [Section 18: Guide to HSN Section 18](https://busy.in/hsn/section-18/)
- [Chapter 91: Clocks & Watches, Its Part Etc](https://busy.in/hsn/chapter-91/)
- [Sub-chapter 9113: Watch straps and bracelets](https://busy.in/hsn/sub-chapter-9113/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Of precious metal or of metal clad with precious metal | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 91131000 ?

It includes Clock Plates & Bridges

### How much GST applies to Precious metal watches?

Under HSN 91131000, Precious metal watches attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Precious metal watches?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Does packaging or labelling change the GST for Precious metal watches?

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.

### Can we claim ITC on inputs used to trade Precious metal watches?

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

### How should mixed supplies be billed when Precious metal watches is sold with other items?

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

### Do e‑way bill and e‑invoice apply for Precious metal watches?

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.

## India's trade performance: HSN Code 91131000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: < ₹1 Crore (−74.42% YoY) — 0.0000% of India's total exports
- Imports: ₹177 Cr (+179.22% YoY) — 0.0029% of India's total imports
- Trade balance: −₹177 Cr (Deficit); surplus rank #11231 of 12657 HSN codes
- Share of Sub-Chapter 9113: 0.31% of its exports; import side 55.89%
- Rank within Sub-Chapter 9113: #5 of 5 by export value; import-side #1

### Key metrics

- Export CAGR: 2.47% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #9366 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +547.37% in FY 2019-20
- Contribution to Sub-Ch. 9113: 0.31% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 91131000

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. 9113 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9113 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.22% | 46.89 | 0.0013% | — | 28.98% | −46.70 | #8849 |
| FY 2019-20 | 1.23 | 0.0001% | +547.37% | 1.70% | 38.79 | 0.0012% | −17.27% | 23.63% | −37.56 | #7398 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −87.80% | 0.29% | 15.51 | 0.0005% | −60.02% | 18.26% | −15.36 | #9034 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +126.67% | 0.59% | 30.61 | 0.0007% | +97.36% | 23.22% | −30.27 | #8858 |
| FY 2022-23 | 1.25 | 0.0000% | +267.65% | 1.72% | 43.90 | 0.0008% | +43.42% | 21.98% | −42.65 | #7901 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | −31.20% | 1.24% | 63.47 | 0.0011% | +44.58% | 28.22% | −62.61 | #8366 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | −74.42% | 0.31% | 177.22 | 0.0029% | +179.22% | 55.89% | −177.00 | #9366 |

- CAGR (7-year): exports 2.47%/yr, imports 24.81%/yr (consistently Deficit)

## Key trade insights: HSN Code 91131000 export-import analysis

### Consistent export growth: 2.47% CAGR over 7 years

India's exports under HSN Code 91131000 have grown at a compound annual rate of 2.47% over 7 fiscal years, rising from ₹0.19 Crore in FY 2018-19 to ₹0.22 Crore in FY 2024-25.

### HSN Code 91131000 ranked #9366 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 91131000 ranks #9366 out of 12657 HSN codes by total export value. Within Sub-Chapter 9113, it ranks #5 of 5. By trade surplus, it ranks #11231 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 91131000 exports

The strongest single-year export movement for HSN Code 91131000 was recorded in FY 2019-20, when exports surged by 547.37% over the prior year.

### India records a trade deficit of ₹177.00 Crore in HSN Code 91131000 goods

In FY 2024-25, India's imports of ₹177.22 Cr exceeded exports of ₹0.22 Cr, resulting in a trade deficit of ₹177.00 Crore — ranking #11231 of 12657 by surplus magnitude.

### Import growth of 24.81% CAGR signals rising demand for Precious metal watches

India's imports under HSN Code 91131000 have grown at 24.81% CAGR, reaching ₹177.22 Crore in FY 2024-25.

### HSN Code 91131000 contributes 0.31% of Sub-Chapter 9113 exports — ranked #5

Among the 5 HSN codes under Sub-Chapter 9113, HSN Code 91131000 ranks #5 by export value — accounting for 0.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 55.89% share (rank #1).

## Related HSN Codes in Sub-Chapter 9113

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 91139090: Watch Straps, Bands & Parts \| Other](https://busy.in/hsn/hsn-91139090/) | ₹58 Cr |
| #2 | [HSN Code 91139010: Watch Components](https://busy.in/hsn/hsn-91139010/) | ₹10 Cr |
| #3 | [HSN Code 91132090: Base metal cases, gold/silver-plated: Other](https://busy.in/hsn/hsn-91132090/) | ₹3 Cr |
| #4 | [HSN Code 91132010: Metal parts: Gold/silver-plated](https://busy.in/hsn/hsn-91132010/) | < ₹1 Crore |
| #5 | HSN Code 91131000: Precious metal watches (this hsn code) | < ₹1 Crore |