HS Code Guide · EPM Subvention
HS Code 711790 Meaning — Imitation jewellery, other than base metal: Global Trade, India & Factoring Guide
HS 711790 covers imitation jewellery, other than base metal. This guide explains what the code includes, its global trade, India's position, how GIFT City helps factor it, and whether MSME factoring qualifies for the 2.75% interest subvention.
What this HS code covers
HS 711790 sits in 71 — Jewellery & imitation jewellery. Official tariff description: “Jewellery; imitation, of other than base metal, whether or not plated with precious metal” In plain terms, it covers imitation jewellery, other than base metal. Classification decides duty and documents; this 6-digit line is in the DGFT positive list (Trade Notice 25/2025-26 Annex V), so MSME factoring under it qualifies for the 2.75% subvention — details below.
What is HS 711790?
HS 711790 covers imitation (costume) jewellery of other than base metal — e.g. plastic, glass, textile-based — whether plated with precious metal or not. Not precious (711319) or base-metal (711719).
Official description: Jewellery; imitation, of other than base metal, whether or not plated with precious metal
What HS 711790 does in trade
- Distinguishes non-metal costume jewellery from metal-based lines — material drives duty and buyer.
- Is eligible — imitation jewellery is in the positive list, so MSME factoring qualifies for 2.75%.
- Captures a fast-fashion MSME export with 60–120 day retailer terms where factoring bridges the working capital gap.
Global perspective — where HS 711790 moves
Global imitation jewellery trade is fast-fashion driven, led by China. Trend cycles are short; price points are low, volume is the driver.
| Top global exporters | Top global importers |
|---|---|
| China | United States |
| India | Germany |
| Italy | United Kingdom |
| France | France |
| Thailand | Japan |
India's stance on HS 711790
India (Mumbai, Jaipur, Rajkot) is a top-5 imitation jewellery exporter — GJEPC registers exporters. US and EU fast-fashion retailers are core buyers.
Export docs to watch
Imitation jewellery needs GJEPC RCMC and, for EU/US, REACH/nickel compliance. Plating and material must match invoice.
GIFT City — factoring HS 711790 in foreign currency
Costume jewellery is USD/EUR open-account — GIFT City FC factoring retains 2.75%.
Trad can route eligible invoices via an IFSCA-regulated IBU or Finance Company/Finance Unit undertaking factoring in GIFT City. The 2.75% subvention is identical whether you factor via India (RBI-regulated) or GIFT City (IFSCA-regulated) — the choice is about currency, banking relationship and buyer location, not the benefit rate.
Common financing stack for this HS
Factoring advances 70–90% in 24–48 hours after invoice verification; balance minus discount/fees on buyer payment. Works alongside packing credit — factoring covers the post-shipment open-account gap.
MSME subvention — is HS 711790 eligible for 2.75%?
Yes — HS 711790 is in the positive list (Trade Notice 25/2025-26 Annex V). MSMEs involved in international value chains with a valid active IEC (not in DEL) and valid Udyam can claim 2.75% per annum on the factoring interest cost element when factoring via an RBI/IFSCA-regulated entity.
| Check | For HS 711790 |
|---|---|
| In positive list (HS-6) | Yes — 711790 listed in Annex V |
| Benefit | 2.75% p.a. on interest cost element |
| Annual cap | ₹50 lakh per MSME per FY |
| Valid from | Prospectively from 20 Feb 2026 |
| Need UIN per factor? | Yes — declaration of intent before factoring, valid till FY-end |
| Eligible factors | RBI-regulated (AD bank / factoring NBFC) or IFSCA-regulated (GIFT IBU/FC) |
| Not covered | Deemed exports (FTP Ch.7) & exports to SEZs |
Eight-digit HS? Use first 6 digits
Eligibility is at HS-6. If your 8-digit HS (e.g. 71179010) starts with 711790, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 711790 — free
Verify any 6 or 8-digit HS against the DGFT positive list and see the 2.75% factoring eligibility in seconds.
Open HS checkerFrequently asked questions
What is HS 711790 — Imitation jewellery, other than base metal?
HS 711790 covers imitation (costume) jewellery of other than base metal — e.g. plastic, glass, textile-based — whether plated with precious metal or not. Not precious (711319) or base-metal (711719).
Is HS 711790 eligible for the 2.75% interest subvention?
Yes. HS 711790 is in the DGFT positive list (Trade Notice 25/2025-26 Annex V, 4139 HS-6 lines). MSMEs factoring exports under this line via RBI/IFSCA-regulated factors can claim 2.75% per annum on the interest cost element, capped at ₹50 lakh per MSME per year, prospectively from 20 Feb 2026. Requires valid IEC (not in DEL), valid Udyam, and a UIN per factor obtained before factoring.
Who can claim the 2.75% for HS 711790 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 711790 via RBI/IFSCA-regulated entities. File a declaration of intent on the DGFT portal to get a UIN per factor (valid till FY-end), factor the invoice, the factor files monthly IEC-wise claims; subvention is credited to your IEC-linked bank account.
Can HS 711790 be factored via GIFT City?
Yes. IBUs and Finance Companies/Finance Units undertaking factoring in GIFT City (IFSCA-regulated) are eligible financial institutions under IFSCA circular 19 Mar 2026 and must extend the 2.75% benefit. Useful for USD/EUR receivables where you want foreign-currency factoring.
What does factoring for HS 711790 cost after subvention?
Indicatively, factoring discount/interest is priced commercially (often 8–12% p.a. depending on buyer, tenor, currency) plus factoring fee ~0.5–3% ⚠️. The 2.75% offsets only the interest element — e.g. a 9% interest cost becomes ~6.25% effective on that element if eligible. Fees/insurance/FX remain. Compare all-in cost.
Related HS codes
Compare HS 711790 with other MSME-export lines in the same chapter or family.
See all codes on the HS code guides hub, or read the 2.75% subvention deep-dive.