7108 HSN Code: Gold in unwrought or semi-forms

HSN Sub Chapter 7108 represents Gold in unwrought or semi-forms under GST classification. This code helps businesses identify Gold in unwrought or semi-forms correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7108, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Gold in unwrought or semi-forms.

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New GST Rate for HSN Code 7108

GST Rate for Gold in unwrought or semi-forms under HSN Code 7108. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7108

HSN Description

Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7108

Following tariff HSN codes fall under Gold in unwrought or semi-forms.

Tariff HSN

71081100

Description

Non-monetary : Powder

Tariff HSN

71081200

Description

Non-monetary : Other unwrought forms

Tariff HSN

71081300

Description

Non-monetary : Other semi-manufactured forms

Tariff HSN

71082000

Description

Monetary

India’s Trade Performance — HSN Sub-Chapter 7108 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

₹7,854 Cr

+862.21% vs FY 2023-24

0.2121% of India’s total exports

India’s Imports

FY 2024-25

₹4,89,749 Cr

+29.82% vs FY 2023-24

8.0312% of India’s total imports

Trade Balance

FY 2024-25

−₹4,81,894 Cr

Trade Deficit

Surplus rank #1209 of 1233 subchapters

% of Chapter 71

FY 2024-25

3.10%

Share of Chapter 71’s total exports in FY 2024-25

Import side: 65.12% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#4 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #1 of 18

At a glance

94.71%

Export CAGR

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

#87

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+2,469.01%

Peak Growth Year

FY 2022-23 · strongest single-year move

3.10%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7108

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 #656

Balance

−2,29,392.37

Exports

144.13 ₹ Cr

0.0063% share

— YoY

0.05% of Ch. 71

Imports

2,29,536.50 ₹ Cr

6.3920% share

— YoY

50.84% of Ch. 71

FY 2019-20 Exp. Rank #379

Balance

−1,98,675.23

Exports

574.27 ₹ Cr

0.0260% share

+298.44% YoY

0.22% of Ch. 71

Imports

1,99,249.50 ₹ Cr

5.9395% share

−13.19% YoY

51.73% of Ch. 71

FY 2020-21 Exp. Rank #201

Balance

−2,52,398.90

Exports

1,889.57 ₹ Cr

0.0879% share

+229.04% YoY

0.98% of Ch. 71

Imports

2,54,288.47 ₹ Cr

8.7268% share

+27.62% YoY

62.63% of Ch. 71

FY 2021-22 Exp. Rank #885

Balance

−3,44,046.42

Exports

46.40 ₹ Cr

0.0015% share

−97.54% YoY

0.02% of Ch. 71

Imports

3,44,092.82 ₹ Cr

7.5284% share

+35.32% YoY

56.51% of Ch. 71

FY 2022-23 Exp. Rank #350

Balance

−2,79,287.22

Exports

1,192.02 ₹ Cr

0.0329% share

+2,469.01% YoY

0.39% of Ch. 71

Imports

2,80,479.24 ₹ Cr

4.8782% share

−18.49% YoY

47.34% of Ch. 71

FY 2023-24 Exp. Rank #413

Balance

−3,76,432.68

Exports

816.29 ₹ Cr

0.0226% share

−31.52% YoY

0.30% of Ch. 71

Imports

3,77,248.97 ₹ Cr

6.7176% share

+34.50% YoY

58.04% of Ch. 71

FY 2024-25 Exp. Rank #87

Balance

−4,81,894.35

Exports

7,854.44 ₹ Cr

0.2121% share

+862.21% YoY

3.10% of Ch. 71

Imports

4,89,748.79 ₹ Cr

8.0312% share

+29.82% YoY

65.12% of Ch. 71

CAGR · 7-Year

Exports

94.71% /yr

Imports

13.46% /yr

Consistently Deficit
Chapter 71 total

reference, FY 2024-25

Export

₹2,53,600.88 Cr

Import

₹7,52,091.61 Cr

Trade Balance

−4,98,490.73

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

Key Trade Insights: HSN Sub-Chapter 7108 Export-Import Analysis

Consistent Export Growth: 94.71% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7108 have grown at a compound annual rate of 94.71% over 7 fiscal years, rising from ₹144.13 Crore in FY 2018-19 to ₹7,854.44 Crore in FY 2024-25.

HSN Sub-Chapter 7108 Ranked #87 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7108 ranks #87 out of 1233 subchapters by total export value. Within Chapter 71, it ranks #4 of 18. By trade surplus, it ranks #1209 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 7108 Exports

The strongest single-year export movement for HSN Sub-Chapter 7108 was recorded in FY 2022-23, when exports surged by 2,469.01% over the prior year.

India Records a Trade Deficit of ₹4,81,894.35 Crore in HSN Sub-Chapter 7108 Goods

In FY 2024-25, India's imports of ₹4,89,748.79 Cr exceeded exports of ₹7,854.44 Cr, resulting in a trade deficit of ₹4,81,894.35 Crore — ranking #1209 of 1233 by surplus magnitude.

Import Growth of 13.46% CAGR Signals Rising Demand for Gold in unwrought or semi-forms

India's imports under HSN Sub-Chapter 7108 have grown at 13.46% CAGR, reaching ₹4,89,748.79 Crore in FY 2024-25.

HSN Sub-Chapter 7108 Contributes 3.10% of Chapter 71 Exports — Ranked #4

Among the 18 subchapters under Chapter 71, HSN Sub-Chapter 7108 ranks #4 by export value — accounting for 3.10% of the chapter's total exports in FY 2024-25. On the import side, it holds 65.12% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7108 and GST compliance.

What products are classified under HSN 7108

It includes Gold in unwrought or semi-forms

If I repair and return Gold in unwrought or semi-forms, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Is the composition scheme suitable if I mainly trade Gold in unwrought or semi-forms?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Does MRP, weight or pack size change GST treatment for Gold in unwrought or semi-forms?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

How are warranty replacements of Gold in unwrought or semi-forms handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

What should my invoice and records include for Gold in unwrought or semi-forms?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

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.

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