HSN Code 91131000: Precious metal watches

HSN Code 91131000 represents Precious metal watches under GST classification. This code helps businesses identify Precious metal watches correctly for billing, taxation, and trade. With HSN Code 91131000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Precious metal watches.

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Description of Goods for HSN Code 91131000

HSN Code 91131000 relates to the following description.

Description of Goods

Of precious metal or of metal clad with precious metal

Chapter

91 - Clocks and watches and parts thereof

Sub Chapter

9113 - Watch straps, watch bands and watch bracelets, and parts thereof

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 91131000 not include?

Precious metal watches does not include products with the following descriptions.

India’s Trade Performance — HSN Code 91131000 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

< ₹1 Crore

−74.42% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹177 Cr

+179.22% vs FY 2023-24

0.0029% of India’s total imports

Trade Balance

FY 2024-25

−₹177 Cr

Trade Deficit

Surplus rank #11231 of 12657 HSN codes

% of Sub-Chapter 9113

FY 2024-25

0.31%

Share of Sub-Chapter 9113’s total exports in FY 2024-25

Import side: 55.89% of Sub-Chapter 9113’s imports

Rank Within Sub-Chapter 9113

FY 2024-25

#5 of 5

Position by export value among HSN codes in Sub-Chapter 9113

Import-side rank: #1 of 5

At a glance

2.47%

Export CAGR

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

#9366

National Export Rank

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

+547.37%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.31%

Contribution to Sub-Ch. 9113

Share of Sub-Chapter 9113 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #8849

Balance

−46.70

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.22% of Sub-Ch. 9113

Imports

46.89 ₹ Cr

0.0013% share

— YoY

28.98% of Sub-Ch. 9113

FY 2019-20 Exp. Rank #7398

Balance

−37.56

Exports

1.23 ₹ Cr

0.0001% share

+547.37% YoY

1.70% of Sub-Ch. 9113

Imports

38.79 ₹ Cr

0.0012% share

−17.27% YoY

23.63% of Sub-Ch. 9113

FY 2020-21 Exp. Rank #9034

Balance

−15.36

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−87.80% YoY

0.29% of Sub-Ch. 9113

Imports

15.51 ₹ Cr

0.0005% share

−60.02% YoY

18.26% of Sub-Ch. 9113

FY 2021-22 Exp. Rank #8858

Balance

−30.27

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+126.67% YoY

0.59% of Sub-Ch. 9113

Imports

30.61 ₹ Cr

0.0007% share

+97.36% YoY

23.22% of Sub-Ch. 9113

FY 2022-23 Exp. Rank #7901

Balance

−42.65

Exports

1.25 ₹ Cr

0.0000% share

+267.65% YoY

1.72% of Sub-Ch. 9113

Imports

43.90 ₹ Cr

0.0008% share

+43.42% YoY

21.98% of Sub-Ch. 9113

FY 2023-24 Exp. Rank #8366

Balance

−62.61

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−31.20% YoY

1.24% of Sub-Ch. 9113

Imports

63.47 ₹ Cr

0.0011% share

+44.58% YoY

28.22% of Sub-Ch. 9113

FY 2024-25 Exp. Rank #9366

Balance

−177.00

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−74.42% YoY

0.31% of Sub-Ch. 9113

Imports

177.22 ₹ Cr

0.0029% share

+179.22% YoY

55.89% of Sub-Ch. 9113

CAGR · 7-Year

Exports

2.47% /yr

Imports

24.81% /yr

Consistently Deficit
Sub-Chapter 9113 total

reference, FY 2024-25

Export

₹71.59 Cr

Import

₹317.08 Cr

Trade Balance

−245.49

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 91131000 and GST compliance.

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.

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.