7111 HSN Code: Platinum-clad metals

HSN Sub Chapter 7111 represents Platinum-clad metals under GST classification. This code helps businesses identify Platinum-clad metals correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7111, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Platinum-clad metals.

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New GST Rate for HSN Code 7111

GST Rate for Platinum-clad metals under HSN Code 7111. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7111

HSN Description

Base metals, silver or gold, clad with platinum, not further worked than semimanufactured

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7111

Following tariff HSN codes fall under Platinum-clad metals.

Tariff HSN

71110000

Description

Base metals, silver or gold, clad with platinum, not further worked than semimanufactured

India’s Trade Performance — HSN Sub-Chapter 7111 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

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

+44.57% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹4 Cr

Trade Deficit

Surplus rank #561 of 1233 subchapters

% of Chapter 71

FY 2024-25

0.00%

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

Import side: 0.00% of Chapter 71’s imports

At a glance

−100.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.00%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7111

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 #1196

Balance

−1.41

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 71

Imports

1.44 ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 71

FY 2019-20

Balance

−1.45

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 71

Imports

1.45 ₹ Cr

0.0000% share

+0.69% YoY

0.00% of Ch. 71

FY 2020-21 Exp. Rank #1198

Balance

−4.19

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 71

Imports

4.20 ₹ Cr

0.0001% share

+189.66% YoY

0.00% of Ch. 71

FY 2021-22

Balance

−7.26

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 71

Imports

7.26 ₹ Cr

0.0002% share

+72.86% YoY

0.00% of Ch. 71

FY 2022-23

Balance

−1.71

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 71

Imports

1.71 ₹ Cr

0.0000% share

−76.45% YoY

0.00% of Ch. 71

FY 2023-24

Balance

−2.67

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 71

Imports

2.67 ₹ Cr

0.0000% share

+56.14% YoY

0.00% of Ch. 71

FY 2024-25

Balance

−3.86

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 71

Imports

3.86 ₹ Cr

0.0001% share

+44.57% YoY

0.00% of Ch. 71

CAGR · 7-Year

Exports

—

Imports

17.86% /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 7111 Export-Import Analysis

Export Snapshot for HSN Sub-Chapter 7111

India exported ₹0.00 Crore worth of Platinum-clad metals in FY 2024-25. Multi-year trend data is being compiled for this hsn sub-chapter.

FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 7111 Exports

The strongest single-year export movement for HSN Sub-Chapter 7111 was recorded in FY 2019-20, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹3.86 Crore in HSN Sub-Chapter 7111 Goods

In FY 2024-25, India's imports of ₹3.86 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹3.86 Crore — ranking #561 of 1233 by surplus magnitude.

Import Growth of 17.86% CAGR Signals Rising Demand for Platinum-clad metals

India's imports under HSN Sub-Chapter 7111 have grown at 17.86% CAGR, reaching ₹3.86 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7111 and GST compliance.

What products are classified under HSN 7111

It includes Platinum-clad metals

What are the e‑way bill and e‑invoice points while moving Platinum-clad metals?

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.

What misclassification mistakes happen with Platinum-clad metals?

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.

How do I bill a kit or combo that includes Platinum-clad metals?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

Any import/export nuance for Platinum-clad metals?

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.

If I repair and return Platinum-clad metals, 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.

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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