--- title: "HSN Code for Natural Pearls – Worked | HSN 71011020 GST Rate" description: "Find HSN and GST Rates for 71011020 related to Natural Pearls – Worked with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71011020/" --- # HSN Code 71011020: Natural Pearls – Worked - [Section 14: Guide to HSN Section 14](https://busy.in/hsn/section-14/) - [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/) - [Sub-chapter 7101: Natural Pearls](https://busy.in/hsn/sub-chapter-7101/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Natural pearls : Worked | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71011020 ? It includes Precious Stones (Not Elsewhere Specified) ### How much GST applies to Natural Pearls – Worked? Under HSN 71011020, Natural Pearls – Worked attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Natural Pearls – Worked? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Natural Pearls – Worked? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Natural Pearls – Worked is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Natural Pearls – Worked; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Natural Pearls – Worked? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Do e‑way bill and e‑invoice apply for Natural Pearls – Worked? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ## India's trade performance: HSN Code 71011020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹31 Cr (−26.63% YoY) — 0.0008% of India's total exports - Imports: ₹16 Cr (+6.10% YoY) — 0.0003% of India's total imports - Trade balance: ₹15 Cr (Surplus); surplus rank #3044 of 12657 HSN codes - Share of Sub-Chapter 7101: 50.97% of its exports; import side 6.58% - Rank within Sub-Chapter 7101: #1 of 4 by export value; import-side #4 ### Key metrics - Export CAGR: 15.54% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4283 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +101.55% in FY 2021-22 - Contribution to Sub-Ch. 7101: 50.97% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71011020 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 Sub-Ch. 7101 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7101 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 13.02 | 0.0006% | — | 69.85% | 10.88 | 0.0003% | — | 7.83% | +2.14 | #4677 | | FY 2019-20 | 8.03 | 0.0004% | −38.33% | 64.19% | 13.07 | 0.0004% | +20.13% | 9.29% | −5.04 | #5283 | | FY 2020-21 | 5.80 | 0.0003% | −27.77% | 84.18% | < ₹1 Crore | 0.0000% | −96.79% | 1.01% | +5.38 | #5761 | | FY 2021-22 | 11.69 | 0.0004% | +101.55% | 77.01% | 3.29 | 0.0001% | +683.33% | 2.46% | +8.40 | #5283 | | FY 2022-23 | 21.42 | 0.0006% | +83.23% | 81.60% | 21.13 | 0.0004% | +542.25% | 8.75% | +0.29 | #4587 | | FY 2023-24 | 42.21 | 0.0012% | +97.06% | 49.06% | 15.08 | 0.0003% | −28.63% | 5.70% | +27.13 | #3764 | | FY 2024-25 | 30.97 | 0.0008% | −26.63% | 50.97% | 16.00 | 0.0003% | +6.10% | 6.58% | +14.97 | #4283 | - CAGR (7-year): exports 15.54%/yr, imports 6.64%/yr (consistently Surplus) ## Key trade insights: HSN Code 71011020 export-import analysis ### Consistent export growth: 15.54% CAGR over 7 years India's exports under HSN Code 71011020 have grown at a compound annual rate of 15.54% over 7 fiscal years, rising from ₹13.02 Crore in FY 2018-19 to ₹30.97 Crore in FY 2024-25. ### HSN Code 71011020 ranked #4283 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71011020 ranks #4283 out of 12657 HSN codes by total export value. Within Sub-Chapter 7101, it ranks #1 of 4. By trade surplus, it ranks #3044 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 71011020 exports The strongest single-year export movement for HSN Code 71011020 was recorded in FY 2021-22, when exports surged by 101.55% over the prior year. ### India maintains a trade surplus of ₹14.97 Crore in HSN Code 71011020 goods In FY 2024-25, India's exports of ₹30.97 Cr exceeded imports of ₹16.00 Cr, resulting in a trade surplus of ₹14.97 Crore — ranking #3044 of 12657 by surplus magnitude. ### Import growth of 6.64% CAGR signals stable import dependency for Natural Pearls – Worked India's imports under HSN Code 71011020 have grown at 6.64% CAGR, reaching ₹16.00 Crore in FY 2024-25. ### HSN Code 71011020 contributes 50.97% of Sub-Chapter 7101 exports — ranked #1 Among the 4 HSN codes under Sub-Chapter 7101, HSN Code 71011020 ranks #1 by export value — accounting for 50.97% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.58% share (rank #4). ## Related HSN Codes in Sub-Chapter 7101 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 71011020: Natural Pearls – Worked (this hsn code) | ₹31 Cr | | #2 | [HSN Code 71012200: Cultured Pearls – Worked](https://busy.in/hsn/hsn-71012200/) | ₹19 Cr | | #3 | [HSN Code 71012100: Cultured Pearls – Unworked](https://busy.in/hsn/hsn-71012100/) | ₹9 Cr | | #4 | [HSN Code 71011010: Natural Pearls – Unworked](https://busy.in/hsn/hsn-71011010/) | ₹2 Cr |