---
title: "7115 HSN Code | HSN Code for Precious Metal Items in India"
description: "Know more about 7115 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7115 covering Precious Metal Items."
canonical: "https://busy.in/hsn/sub-chapter-7115/"
---

# HSN Sub-chapter 7115: Precious Metal Items

Other articles of precious metal or of metal clad with precious metal

Part of [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/).

- Current GST rate: 3%
- Earlier GST rate: 3%

## HSN codes

| Code | Title |
| --- | --- |
| 71151000 | [Other Articles of Precious Metal](https://busy.in/hsn/hsn-71151000/) |
| 71159010 | [Laboratory Articles of Precious Metal](https://busy.in/hsn/hsn-71159010/) |
| 71159020 | [Spinnerets Made Mainly of Gold](https://busy.in/hsn/hsn-71159020/) |
| 71159090 | [Other Articles of Precious Metal](https://busy.in/hsn/hsn-71159090/) |

## Frequently asked questions

### What products are classified under HSN 7115

It includes Precious Metal Items

### Can reverse charge ever apply to transactions involving Precious Metal Items?

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

### Do spares or accessories of Precious Metal Items 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.

### Any special steps when selling Precious Metal Items through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

### Does MRP, weight or pack size change GST treatment for Precious Metal Items?

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.

### Does packaging or branding change how GST applies to Precious Metal Items?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Precious Metal Items is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

### If I repair and return Precious Metal Items, 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.

## India's trade performance: HSN Sub-Chapter 7115 (FY 2024-25)

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

- Exports: ₹27 Cr (−38.38% YoY) — 0.0007% of India's total exports
- Imports: ₹496 Cr (+96.56% YoY) — 0.0081% of India's total imports
- Trade balance: −₹469 Cr (Deficit); surplus rank #861 of 1233 sub-chapters
- Share of Chapter 71: 0.01% of its exports; import side 0.07%
- Rank within Chapter 71: #15 of 18 by export value; import-side #8

### Key metrics

- Export CAGR: 6.63% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #976 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +241.67% in FY 2021-22
- Contribution to Ch. 71: 0.01% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7115

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 Ch. 71 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 71 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 18.17 | 0.0008% | — | 0.01% | 22.89 | 0.0006% | — | 0.01% | −4.72 | #959 |
| FY 2019-20 | 18.85 | 0.0009% | +3.74% | 0.01% | 53.88 | 0.0016% | +135.39% | 0.01% | −35.03 | #952 |
| FY 2020-21 | 10.32 | 0.0005% | −45.25% | 0.01% | 28.07 | 0.0010% | −47.90% | 0.01% | −17.75 | #990 |
| FY 2021-22 | 35.26 | 0.0011% | +241.67% | 0.01% | 36.23 | 0.0008% | +29.07% | 0.01% | −0.97 | #921 |
| FY 2022-23 | 18.12 | 0.0005% | −48.61% | 0.01% | 192.70 | 0.0034% | +431.88% | 0.03% | −174.58 | #993 |
| FY 2023-24 | 43.33 | 0.0012% | +139.13% | 0.02% | 252.16 | 0.0045% | +30.86% | 0.04% | −208.83 | #920 |
| FY 2024-25 | 26.70 | 0.0007% | −38.38% | 0.01% | 495.64 | 0.0081% | +96.56% | 0.07% | −468.94 | #976 |

- CAGR (7-year): exports 6.63%/yr, imports 66.95%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7115 export-import analysis

### Consistent export growth: 6.63% CAGR over 7 years

India's exports under HSN Sub-Chapter 7115 have grown at a compound annual rate of 6.63% over 7 fiscal years, rising from ₹18.17 Crore in FY 2018-19 to ₹26.70 Crore in FY 2024-25.

### HSN Sub-Chapter 7115 ranked #976 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7115 ranks #976 out of 1233 sub-chapters by total export value. Within Chapter 71, it ranks #15 of 18. By trade surplus, it ranks #861 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7115 exports

The strongest single-year export movement for HSN Sub-Chapter 7115 was recorded in FY 2021-22, when exports surged by 241.67% over the prior year.

### India records a trade deficit of ₹468.94 Crore in HSN Sub-Chapter 7115 goods

In FY 2024-25, India's imports of ₹495.64 Cr exceeded exports of ₹26.70 Cr, resulting in a trade deficit of ₹468.94 Crore — ranking #861 of 1233 by surplus magnitude.

### Import growth of 66.95% CAGR signals rising demand for Precious Metal Items

India's imports under HSN Sub-Chapter 7115 have grown at 66.95% CAGR, reaching ₹495.64 Crore in FY 2024-25.

### HSN Sub-Chapter 7115 contributes 0.01% of Chapter 71 exports — ranked #15

Among the 18 sub-chapters under Chapter 71, HSN Sub-Chapter 7115 ranks #15 by export value — accounting for 0.01% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.07% share (rank #8).

## Related Sub-Chapters in Chapter 71

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7102: Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) | ₹1,16,388 Cr |
| #2 | [HSN Sub-Chapter 7113: Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) | ₹1,06,341 Cr |
| #3 | [HSN Sub-Chapter 7104: Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) | ₹11,448 Cr |
| #4 | [HSN Sub-Chapter 7108: Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) | ₹7,854 Cr |
| #5 | [HSN Sub-Chapter 7106: Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) | ₹4,029 Cr |
| #6 | [HSN Sub-Chapter 7103: Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) | ₹3,934 Cr |
| #7 | [HSN Sub-Chapter 7117: Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) | ₹1,154 Cr |
| #8 | [HSN Sub-Chapter 7112: Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) | ₹1,000 Cr |
| #9 | [HSN Sub-Chapter 7110: Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) | ₹643 Cr |
| #10 | [HSN Sub-Chapter 7116: Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) | ₹344 Cr |
| #15 | HSN Sub-Chapter 7115: Precious Metal Items (this hsn sub-chapter) | ₹27 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7101 | [Natural Pearls](https://busy.in/hsn/sub-chapter-7101/) |
| 7102 | [Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) |
| 7103 | [Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) |
| 7104 | [Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) |
| 7105 | [Precious stone dust](https://busy.in/hsn/sub-chapter-7105/) |
| 7106 | [Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) |
| 7107 | [Silver-clad metals](https://busy.in/hsn/sub-chapter-7107/) |
| 7108 | [Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) |
| 7109 | [Unprocessed staple fibres](https://busy.in/hsn/sub-chapter-7109/) |
| 7110 | [Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) |
| 7111 | [Platinum-clad metals](https://busy.in/hsn/sub-chapter-7111/) |
| 7112 | [Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) |
| 7113 | [Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) |
| 7114 | [Precious metal articles & wares](https://busy.in/hsn/sub-chapter-7114/) |
| 7116 | [Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) |
| 7117 | [Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) |
| 7118 | [Coin](https://busy.in/hsn/sub-chapter-7118/) |