--- title: "7118 HSN Code | HSN Code for Coin in India" description: "Know more about 7118 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7118 covering Coin." canonical: "https://busy.in/hsn/sub-chapter-7118/" --- # HSN Sub-chapter 7118: Coin Coin 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 | | --- | --- | | 71181000 | [Other Coin Articles](https://busy.in/hsn/hsn-71181000/) | | 71189000 | [Miscellaneous Coins](https://busy.in/hsn/hsn-71189000/) | ## Frequently asked questions ### What products are classified under HSN 7118 It includes Coin ### How should I document Coin sent for job work? Use a delivery challan for sending Coin to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN. ### If I repair and return Coin, 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. ### What should my invoice and records include for Coin? Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail. ### Does MRP, weight or pack size change GST treatment for Coin? 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. ### Do spares or accessories of Coin 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. ## India's trade performance: HSN Sub-Chapter 7118 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹190 Cr (−86.45% YoY) — 0.0051% of India's total exports - Imports: ₹1 Cr (−54.43% YoY) — 0.0000% of India's total imports - Trade balance: ₹189 Cr (Surplus); surplus rank #334 of 1233 sub-chapters - Share of Chapter 71: 0.08% of its exports; import side 0.00% - Rank within Chapter 71: #11 of 18 by export value; import-side #17 ### Key metrics - Export CAGR: -46.52% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #712 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +7,109.50% in FY 2023-24 - Contribution to Ch. 71: 0.08% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 7118 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 | 8,126.99 | 0.3541% | — | 2.87% | 12.12 | 0.0003% | — | 0.00% | +8,114.87 | #44 | | FY 2019-20 | 9,035.19 | 0.4091% | +11.18% | 3.54% | < ₹1 Crore | 0.0000% | −94.88% | 0.00% | +9,034.57 | #35 | | FY 2020-21 | 2,247.96 | 0.1045% | −75.12% | 1.16% | < ₹1 Crore | 0.0000% | −95.16% | 0.00% | +2,247.93 | #171 | | FY 2021-22 | 532.75 | 0.0170% | −76.30% | 0.18% | < ₹1 Crore | 0.0000% | +2,400.00% | 0.00% | +532.00 | #464 | | FY 2022-23 | 19.47 | 0.0005% | −96.35% | 0.01% | 2.90 | 0.0001% | +286.67% | 0.00% | +16.57 | #985 | | FY 2023-24 | 1,403.69 | 0.0388% | +7,109.50% | 0.52% | 2.37 | 0.0000% | −18.28% | 0.00% | +1,401.32 | #327 | | FY 2024-25 | 190.24 | 0.0051% | −86.45% | 0.08% | 1.08 | 0.0000% | −54.43% | 0.00% | +189.16 | #712 | - CAGR (7-year): exports -46.52%/yr, imports -33.17%/yr (consistently Surplus) ## Key trade insights: HSN Sub-Chapter 7118 export-import analysis ### Export decline: -46.52% CAGR over 7 years India's exports under HSN Sub-Chapter 7118 have declined at a compound annual rate of -46.52% over 7 fiscal years, falling from ₹8,126.99 Crore in FY 2018-19 to ₹190.24 Crore in FY 2024-25. ### HSN Sub-Chapter 7118 ranked #712 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 7118 ranks #712 out of 1233 sub-chapters by total export value. Within Chapter 71, it ranks #11 of 18. By trade surplus, it ranks #334 of 1233. ### FY 2023-24 was the strongest growth year for HSN Sub-Chapter 7118 exports The strongest single-year export movement for HSN Sub-Chapter 7118 was recorded in FY 2023-24, when exports surged by 7,109.50% over the prior year. ### India maintains a trade surplus of ₹189.16 Crore in HSN Sub-Chapter 7118 goods In FY 2024-25, India's exports of ₹190.24 Cr exceeded imports of ₹1.08 Cr, resulting in a trade surplus of ₹189.16 Crore — ranking #334 of 1233 by surplus magnitude. ### Import growth of -33.17% CAGR signals stable import dependency for Coin India's imports under HSN Sub-Chapter 7118 have grown at -33.17% CAGR, reaching ₹1.08 Crore in FY 2024-25. ### HSN Sub-Chapter 7118 contributes 0.08% of Chapter 71 exports — ranked #11 Among the 18 sub-chapters under Chapter 71, HSN Sub-Chapter 7118 ranks #11 by export value — accounting for 0.08% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #17). ## 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 | | #11 | HSN Sub-Chapter 7118: Coin (this hsn sub-chapter) | ₹190 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/) | | 7115 | [Precious Metal Items](https://busy.in/hsn/sub-chapter-7115/) | | 7116 | [Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) | | 7117 | [Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) |