7118 HSN Code: Coin

HSN Sub Chapter 7118 represents Coin under GST classification. This code helps businesses identify Coin correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7118, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Coin.

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New GST Rate for HSN Code 7118

GST Rate for Coin under HSN Code 7118. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7118

HSN Description

Coin

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7118

Following tariff HSN codes fall under Coin.

Tariff HSN

71181000

Description

Coin (other than gold coin), not being legal tender

Tariff HSN

71189000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 7118 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

₹190 Cr

−86.45% vs FY 2023-24

0.0051% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

−54.43% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹189 Cr

Trade Surplus

Surplus rank #334 of 1233 subchapters

% of Chapter 71

FY 2024-25

0.08%

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

Import side: 0.00% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#11 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #17 of 18

At a glance

−46.52%

Export CAGR

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

#712

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+7,109.50%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.08%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #44

Balance

+8,114.87

Exports

8,126.99 ₹ Cr

0.3541% share

— YoY

2.87% of Ch. 71

Imports

12.12 ₹ Cr

0.0003% share

— YoY

0.00% of Ch. 71

FY 2019-20 Exp. Rank #35

Balance

+9,034.57

Exports

9,035.19 ₹ Cr

0.4091% share

+11.18% YoY

3.54% of Ch. 71

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−94.88% YoY

0.00% of Ch. 71

FY 2020-21 Exp. Rank #171

Balance

+2,247.93

Exports

2,247.96 ₹ Cr

0.1045% share

−75.12% YoY

1.16% of Ch. 71

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−95.16% YoY

0.00% of Ch. 71

FY 2021-22 Exp. Rank #464

Balance

+532.00

Exports

532.75 ₹ Cr

0.0170% share

−76.30% YoY

0.18% of Ch. 71

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2,400.00% YoY

0.00% of Ch. 71

FY 2022-23 Exp. Rank #985

Balance

+16.57

Exports

19.47 ₹ Cr

0.0005% share

−96.35% YoY

0.01% of Ch. 71

Imports

2.90 ₹ Cr

0.0001% share

+286.67% YoY

0.00% of Ch. 71

FY 2023-24 Exp. Rank #327

Balance

+1,401.32

Exports

1,403.69 ₹ Cr

0.0388% share

+7,109.50% YoY

0.52% of Ch. 71

Imports

2.37 ₹ Cr

0.0000% share

−18.28% YoY

0.00% of Ch. 71

FY 2024-25 Exp. Rank #712

Balance

+189.16

Exports

190.24 ₹ Cr

0.0051% share

−86.45% YoY

0.08% of Ch. 71

Imports

1.08 ₹ Cr

0.0000% share

−54.43% YoY

0.00% of Ch. 71

CAGR · 7-Year

Exports

−46.52% /yr

Imports

−33.17% /yr

Consistently Surplus
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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7118 ranks #712 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7118 and GST compliance.

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.

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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