7115 HSN Code: Precious Metal Items

HSN Sub Chapter 7115 represents Precious Metal Items under GST classification. This code helps businesses identify Precious Metal Items correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7115, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious Metal Items.

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New GST Rate for HSN Code 7115

GST Rate for Precious Metal Items under HSN Code 7115. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7115

HSN Description

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

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7115

Following tariff HSN codes fall under Precious Metal Items.

Tariff HSN

71151000

Description

Catalysts in the from of wire cloth or grill, of platinum

Tariff HSN

71159010

Description

Other: Laboratory and industrial articles of precious metal

Tariff HSN

71159020

Description

Other: Spinneret’s made mainly of gold

Tariff HSN

71159090

Description

Other: Other

India’s Trade Performance — HSN Sub-Chapter 7115 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

₹27 Cr

−38.38% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹496 Cr

+96.56% vs FY 2023-24

0.0081% of India’s total imports

Trade Balance

FY 2024-25

−₹469 Cr

Trade Deficit

Surplus rank #861 of 1233 subchapters

% of Chapter 71

FY 2024-25

0.01%

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

Import side: 0.07% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#15 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #8 of 18

At a glance

6.63%

Export CAGR

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

#976

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+241.67%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.01%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #959

Balance

−4.72

Exports

18.17 ₹ Cr

0.0008% share

— YoY

0.01% of Ch. 71

Imports

22.89 ₹ Cr

0.0006% share

— YoY

0.01% of Ch. 71

FY 2019-20 Exp. Rank #952

Balance

−35.03

Exports

18.85 ₹ Cr

0.0009% share

+3.74% YoY

0.01% of Ch. 71

Imports

53.88 ₹ Cr

0.0016% share

+135.39% YoY

0.01% of Ch. 71

FY 2020-21 Exp. Rank #990

Balance

−17.75

Exports

10.32 ₹ Cr

0.0005% share

−45.25% YoY

0.01% of Ch. 71

Imports

28.07 ₹ Cr

0.0010% share

−47.90% YoY

0.01% of Ch. 71

FY 2021-22 Exp. Rank #921

Balance

−0.97

Exports

35.26 ₹ Cr

0.0011% share

+241.67% YoY

0.01% of Ch. 71

Imports

36.23 ₹ Cr

0.0008% share

+29.07% YoY

0.01% of Ch. 71

FY 2022-23 Exp. Rank #993

Balance

−174.58

Exports

18.12 ₹ Cr

0.0005% share

−48.61% YoY

0.01% of Ch. 71

Imports

192.70 ₹ Cr

0.0034% share

+431.88% YoY

0.03% of Ch. 71

FY 2023-24 Exp. Rank #920

Balance

−208.83

Exports

43.33 ₹ Cr

0.0012% share

+139.13% YoY

0.02% of Ch. 71

Imports

252.16 ₹ Cr

0.0045% share

+30.86% YoY

0.04% of Ch. 71

FY 2024-25 Exp. Rank #976

Balance

−468.94

Exports

26.70 ₹ Cr

0.0007% share

−38.38% YoY

0.01% of Ch. 71

Imports

495.64 ₹ Cr

0.0081% share

+96.56% YoY

0.07% of Ch. 71

CAGR · 7-Year

Exports

6.63% /yr

Imports

66.95% /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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7115 ranks #976 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7115 and GST compliance.

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.

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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