7110 HSN Code: Unwrought platinum

HSN Sub Chapter 7110 represents Unwrought platinum under GST classification. This code helps businesses identify Unwrought platinum correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Unwrought platinum.

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New GST Rate for HSN Code 7110

GST Rate for Unwrought platinum under HSN Code 7110. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7110

HSN Description

Platinum, unwrought or in semi-manufactured form, or in powder form

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7110

Following tariff HSN codes fall under Unwrought platinum.

Tariff HSN

71101110

Description

Platinum : Unwrought or in powder form: Unwrought form

Tariff HSN

71101120

Description

Platinum : Unwrought or in powder form: In powder form

Tariff HSN

71101900

Description

Platinum : Other

Tariff HSN

71102100

Description

Palladium: Unwrought or in powder form

Tariff HSN

71102900

Description

Palladium: Other

Tariff HSN

71103100

Description

Rhodium : Unwrought or in powder from

Tariff HSN

71103900

Description

Rhodium : Other

Tariff HSN

71104100

Description

Iridium, osmium and ruthenium : Unwrought or in powder from

Tariff HSN

71104900

Description

Iridium, osmium and ruthenium : Other

India’s Trade Performance — HSN Sub-Chapter 7110 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

₹643 Cr

+129.24% vs FY 2023-24

0.0174% of India’s total exports

India’s Imports

FY 2024-25

₹46,307 Cr

+1,803.31% vs FY 2023-24

0.7594% of India’s total imports

Trade Balance

FY 2024-25

−₹45,664 Cr

Trade Deficit

Surplus rank #1202 of 1233 subchapters

% of Chapter 71

FY 2024-25

0.25%

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

Import side: 6.16% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#9 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #3 of 18

At a glance

19.60%

Export CAGR

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

#478

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+264.37%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.25%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7110

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 #595

Balance

−1,613.72

Exports

219.74 ₹ Cr

0.0096% share

— YoY

0.08% of Ch. 71

Imports

1,833.46 ₹ Cr

0.0511% share

— YoY

0.41% of Ch. 71

FY 2019-20 Exp. Rank #625

Balance

−2,412.81

Exports

168.17 ₹ Cr

0.0076% share

−23.47% YoY

0.07% of Ch. 71

Imports

2,580.98 ₹ Cr

0.0769% share

+40.77% YoY

0.67% of Ch. 71

FY 2020-21 Exp. Rank #487

Balance

−3,479.70

Exports

353.50 ₹ Cr

0.0164% share

+110.20% YoY

0.18% of Ch. 71

Imports

3,833.20 ₹ Cr

0.1315% share

+48.52% YoY

0.94% of Ch. 71

FY 2021-22 Exp. Rank #484

Balance

−3,276.84

Exports

479.51 ₹ Cr

0.0153% share

+35.65% YoY

0.16% of Ch. 71

Imports

3,756.35 ₹ Cr

0.0822% share

−2.00% YoY

0.62% of Ch. 71

FY 2022-23 Exp. Rank #841

Balance

−12,212.22

Exports

76.98 ₹ Cr

0.0021% share

−83.95% YoY

0.03% of Ch. 71

Imports

12,289.20 ₹ Cr

0.2137% share

+227.16% YoY

2.07% of Ch. 71

FY 2023-24 Exp. Rank #632

Balance

−2,152.49

Exports

280.49 ₹ Cr

0.0078% share

+264.37% YoY

0.10% of Ch. 71

Imports

2,432.98 ₹ Cr

0.0433% share

−80.20% YoY

0.37% of Ch. 71

FY 2024-25 Exp. Rank #478

Balance

−45,664.28

Exports

642.99 ₹ Cr

0.0174% share

+129.24% YoY

0.25% of Ch. 71

Imports

46,307.27 ₹ Cr

0.7594% share

+1,803.31% YoY

6.16% of Ch. 71

CAGR · 7-Year

Exports

19.60% /yr

Imports

71.29% /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 7110 Export-Import Analysis

Consistent Export Growth: 19.60% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7110 have grown at a compound annual rate of 19.60% over 7 fiscal years, rising from ₹219.74 Crore in FY 2018-19 to ₹642.99 Crore in FY 2024-25.

HSN Sub-Chapter 7110 Ranked #478 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7110 ranks #478 out of 1233 subchapters by total export value. Within Chapter 71, it ranks #9 of 18. By trade surplus, it ranks #1202 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 7110 Exports

The strongest single-year export movement for HSN Sub-Chapter 7110 was recorded in FY 2023-24, when exports surged by 264.37% over the prior year.

India Records a Trade Deficit of ₹45,664.28 Crore in HSN Sub-Chapter 7110 Goods

In FY 2024-25, India's imports of ₹46,307.27 Cr exceeded exports of ₹642.99 Cr, resulting in a trade deficit of ₹45,664.28 Crore — ranking #1202 of 1233 by surplus magnitude.

Import Growth of 71.29% CAGR Signals Rising Demand for Unwrought platinum

India's imports under HSN Sub-Chapter 7110 have grown at 71.29% CAGR, reaching ₹46,307.27 Crore in FY 2024-25.

HSN Sub-Chapter 7110 Contributes 0.25% of Chapter 71 Exports — Ranked #9

Among the 18 subchapters under Chapter 71, HSN Sub-Chapter 7110 ranks #9 by export value — accounting for 0.25% of the chapter's total exports in FY 2024-25. On the import side, it holds 6.16% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7110 and GST compliance.

What products are classified under HSN 7110

It includes Unwrought platinum

Can reverse charge ever apply to transactions involving Unwrought platinum?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Unwrought platinum are forward charge. Check the current notifications for any special cases before deciding.

What are the e‑way bill and e‑invoice points while moving Unwrought platinum?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

Any import/export nuance for Unwrought platinum?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

What misclassification mistakes happen with Unwrought platinum?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

Do spares or accessories of Unwrought platinum follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

How are warranty replacements of Unwrought platinum 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.

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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