What products are classified under HSN 71021000 ?
It includes Other Precious Stones – Unworked
HSN Code 71021000 represents Precious Stones (Not Elsewhere Specified) under GST classification. This code helps businesses identify Precious Stones (Not Elsewhere Specified) correctly for billing, taxation, and trade. With HSN Code 71021000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious Stones (Not Elsewhere Specified).
HSN Code 71021000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 71 | Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin | 7102 | Diamonds, whether or not worked, but not mounted or set | Unsorted | 0.125% | 0.125% | 0.25% | 0% |
| 71 | Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin | 7102 | Diamonds, whether or not worked, but not mounted or set | Unsorted | 0.125% | 0.125% | 0.25% | 0% |
Description of goods
Unsorted
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
7102 – Diamonds, whether or not worked, but not mounted or set
Description of goods
Unsorted
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
7102 – Diamonds, whether or not worked, but not mounted or set
Precious Stones (Not Elsewhere Specified) does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Industrial : Unworked or simply sawn, cleaved or bruted: Sorted | |
| Industrial : Unworked or simply sawn, cleaved or bruted: Sorted | |
| Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted | |
| Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted | |
| Industrial : Other : Crushed | |
| Industrial : Other : Crushed | |
| Industrial : Other : Crushed (other than those specified in .125% rate entry ) | |
| Industrial : Other : Crushed (other than those specified in .125% rate entry ) | |
| Industrial : Other : Other | |
| Industrial : Other : Other | |
| Industrial : Other : Other (other than those specified in .125% rate entry ) | |
| Industrial : Other : Other (other than those specified in .125% rate entry ) | |
| Non-industrial : Unworked or simply sawn, cleaved or bruted | |
| Non-industrial : Unworked or simply sawn, cleaved or bruted | |
| Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set | |
| Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set | |
| Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry ) | |
| Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry ) | |
| Non-industrial : Others : Other | |
| Non-industrial : Others : Other | |
| Non-industrial : Others : Other (other than those specified in .125% rate entry ) | |
| Non-industrial : Others : Other (other than those specified in .125% rate entry ) |
Industrial : Unworked or simply sawn, cleaved or bruted: Sorted
Industrial : Unworked or simply sawn, cleaved or bruted: Sorted
Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted
Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted
Industrial : Other : Crushed
Industrial : Other : Crushed
Industrial : Other : Crushed (other than those specified in .125% rate entry )
Industrial : Other : Crushed (other than those specified in .125% rate entry )
Industrial : Other : Other
Industrial : Other : Other
Industrial : Other : Other (other than those specified in .125% rate entry )
Industrial : Other : Other (other than those specified in .125% rate entry )
Non-industrial : Unworked or simply sawn, cleaved or bruted
Non-industrial : Unworked or simply sawn, cleaved or bruted
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )
Non-industrial : Others : Other
Non-industrial : Others : Other
Non-industrial : Others : Other (other than those specified in .125% rate entry )
Non-industrial : Others : Other (other than those specified in .125% rate entry )
| Order Number | Description |
|---|---|
| Shri M. Srinivas (Naa (National Anti Profiteering Authority), ) |
Shri M. Srinivas (Naa (National Anti Profiteering Authority), )
It includes Other Precious Stones – Unworked
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Precious Stones (Not Elsewhere Specified); Nil for exempt items if applicable).
Under HSN 71021000, Precious Stones (Not Elsewhere Specified) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.