HSN Code 71011020 represents Natural Pearls – Worked under GST classification. This code helps businesses identify Natural Pearls – Worked correctly for billing, taxation, and trade. With HSN Code 71011020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Natural Pearls – Worked.
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HSN Code 71011020 relates to the following description.
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport
Natural pearls : Worked
1.5%
1.5%
3%
0%
Description of Goods
Natural pearls : Worked
Chapter
71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Sub Chapter
7101 - Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Natural Pearls – Worked does not include products with the following descriptions.
Natural pearls : Unworked
Cultured pearls : Unworked
Cultured pearls : Worked
India’s Exports
FY 2024-25₹31 Cr
0.0008% of India’s total exports
India’s Imports
FY 2024-25₹16 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25₹15 Cr
Surplus rank #3044 of 12657 HSN codes
% of Sub-Chapter 7101
FY 2024-2550.97%
Share of Sub-Chapter 7101’s total exports in FY 2024-25
Import side: 6.58% of Sub-Chapter 7101’s imports
Rank Within Sub-Chapter 7101
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 7101
Import-side rank: #4 of 4
At a glance
15.54%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4283
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+101.55%
Peak Growth Year
FY 2021-22 · strongest single-year move
50.97%
Contribution to Sub-Ch. 7101
Share of Sub-Chapter 7101 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
+2.14
Exports
13.02 ₹ Cr
0.0006% share
— YoY
69.85% of Sub-Ch. 7101
Imports
10.88 ₹ Cr
0.0003% share
— YoY
7.83% of Sub-Ch. 7101
Balance
−5.04
Exports
8.03 ₹ Cr
0.0004% share
−38.33% YoY
64.19% of Sub-Ch. 7101
Imports
13.07 ₹ Cr
0.0004% share
+20.13% YoY
9.29% of Sub-Ch. 7101
Balance
+5.38
Exports
5.80 ₹ Cr
0.0003% share
−27.77% YoY
84.18% of Sub-Ch. 7101
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−96.79% YoY
1.01% of Sub-Ch. 7101
Balance
+8.40
Exports
11.69 ₹ Cr
0.0004% share
+101.55% YoY
77.01% of Sub-Ch. 7101
Imports
3.29 ₹ Cr
0.0001% share
+683.33% YoY
2.46% of Sub-Ch. 7101
Balance
+0.29
Exports
21.42 ₹ Cr
0.0006% share
+83.23% YoY
81.60% of Sub-Ch. 7101
Imports
21.13 ₹ Cr
0.0004% share
+542.25% YoY
8.75% of Sub-Ch. 7101
Balance
+27.13
Exports
42.21 ₹ Cr
0.0012% share
+97.06% YoY
49.06% of Sub-Ch. 7101
Imports
15.08 ₹ Cr
0.0003% share
−28.63% YoY
5.70% of Sub-Ch. 7101
Balance
+14.97
Exports
30.97 ₹ Cr
0.0008% share
−26.63% YoY
50.97% of Sub-Ch. 7101
Imports
16.00 ₹ Cr
0.0003% share
+6.10% YoY
6.58% of Sub-Ch. 7101
CAGR · 7-Year
Exports
15.54% /yr
Imports
6.64% /yr
reference, FY 2024-25
Export
₹60.76 Cr
Import
₹243.19 Cr
Trade Balance
−182.43
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.
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.
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.
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.
India's imports under HSN Code 71011020 have grown at 6.64% CAGR, reaching ₹16.00 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 71011020 and GST compliance.
It includes Precious Stones (Not Elsewhere Specified)
Under HSN 71011020, Natural Pearls – Worked attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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).
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.
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.