Export Decline: −2.94% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7117 have declined at a compound annual rate of −2.94% over 7 fiscal years, falling from ₹1,380.92 Crore in FY 2018-19 to ₹1,154.20 Crore in FY 2024-25.
HSN Sub Chapter 7117 represents Imitation Jewelry under GST classification. This code helps businesses identify Imitation Jewelry correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7117, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Imitation Jewelry.
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GST Rate for Imitation Jewelry under HSN Code 7117. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Imitation Jewelry.
Tariff HSN
Description
Of base metal, whether or not plated with precious metal : Cuff-links and studs
Tariff HSN
Description
Of base metal, whether or not plated with precious metal : Other : Bangles
Tariff HSN
Description
Of base metal, whether or not plated with precious metal : Other : German silver jewellery
Tariff HSN
Description
Of base metal, whether or not plated with precious metal : Other : Other
Tariff HSN
Description
Other : Jewellery studded with imitation pearls or imitation or synthetic stones
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹1,154 Cr
0.0312% of India’s total exports
India’s Imports
FY 2024-25₹278 Cr
0.0046% of India’s total imports
Trade Balance
FY 2024-25₹876 Cr
Surplus rank #196 of 1233 subchapters
% of Chapter 71
FY 2024-250.46%
Share of Chapter 71’s total exports in FY 2024-25
Import side: 0.04% of Chapter 71’s imports
Rank Within Chapter 71
FY 2024-25#7 of 18
Position by export value among subchapters in Chapter 71
Import-side rank: #10 of 18
At a glance
−2.94%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#358
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+21.45%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.46%
Contribution to Ch. 71
Share of Chapter 71 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+1,102.96
Exports
1,380.92 ₹ Cr
0.0602% share
— YoY
0.49% of Ch. 71
Imports
277.96 ₹ Cr
0.0077% share
— YoY
0.06% of Ch. 71
Balance
+1,037.35
Exports
1,319.77 ₹ Cr
0.0598% share
−4.43% YoY
0.52% of Ch. 71
Imports
282.42 ₹ Cr
0.0084% share
+1.60% YoY
0.07% of Ch. 71
Balance
+890.94
Exports
1,030.19 ₹ Cr
0.0479% share
−21.94% YoY
0.53% of Ch. 71
Imports
139.25 ₹ Cr
0.0048% share
−50.69% YoY
0.03% of Ch. 71
Balance
+1,040.78
Exports
1,251.18 ₹ Cr
0.0399% share
+21.45% YoY
0.43% of Ch. 71
Imports
210.40 ₹ Cr
0.0046% share
+51.10% YoY
0.03% of Ch. 71
Balance
+1,003.65
Exports
1,229.88 ₹ Cr
0.0340% share
−1.70% YoY
0.40% of Ch. 71
Imports
226.23 ₹ Cr
0.0039% share
+7.52% YoY
0.04% of Ch. 71
Balance
+927.77
Exports
1,188.79 ₹ Cr
0.0329% share
−3.34% YoY
0.44% of Ch. 71
Imports
261.02 ₹ Cr
0.0046% share
+15.38% YoY
0.04% of Ch. 71
Balance
+876.25
Exports
1,154.20 ₹ Cr
0.0312% share
−2.91% YoY
0.46% of Ch. 71
Imports
277.95 ₹ Cr
0.0046% share
+6.49% YoY
0.04% of Ch. 71
CAGR · 7-Year
Exports
−2.94% /yr
Imports
−0.00% /yr
reference, FY 2024-25
Export
₹2,53,600.88 Cr
Import
₹7,52,091.61 Cr
Trade Balance
−4,98,490.73
India's exports under HSN Sub-Chapter 7117 have declined at a compound annual rate of −2.94% over 7 fiscal years, falling from ₹1,380.92 Crore in FY 2018-19 to ₹1,154.20 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7117 ranks #358 out of 1233 subchapters by total export value. Within Chapter 71, it ranks #7 of 18. By trade surplus, it ranks #196 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7117 was recorded in FY 2021-22, when exports surged by 21.45% over the prior year.
In FY 2024-25, India's exports of ₹1,154.20 Cr exceeded imports of ₹277.95 Cr, resulting in a trade surplus of ₹876.25 Crore — ranking #196 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7117 have grown at −0.00% CAGR, reaching ₹277.95 Crore in FY 2024-25.
Among the 18 subchapters under Chapter 71, HSN Sub-Chapter 7117 ranks #7 by export value — accounting for 0.46% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #10).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 7117 and GST compliance.
It includes Imitation Jewelry
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.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Imitation Jewelry 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.
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.
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.