--- title: "HSN Code for Other Precious Stones – Worked | HSN 71022990 GST Rate" description: "Find HSN and GST Rates for 71022990 related to Other Precious Stones – Worked with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71022990/" --- # HSN Code 71022990: Other Precious Stones – 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 7102: Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Industrial : Other : Other | 0.125% | 0.125% | 0.25% | 0% | | Industrial : Other : Other (other than those specified in .125% rate entry ) | 0.75% | 0.75% | 1.5% | 0% | ## Frequently asked questions ### What products are classified under HSN 71022990 ? It includes Other Precious or Semi-Precious Stones ### How much GST applies to Other Precious Stones – Worked? Under HSN 71022990, Other Precious Stones – Worked attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Other Precious Stones – 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 Other Precious Stones – 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 Other Precious Stones – Worked is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Precious Stones – Worked; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Other Precious Stones – 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 71022990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−52.63% YoY) — 0.0000% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5274 of 12657 HSN codes - Share of Sub-Chapter 7102: 0.00% of its exports; import side 0.00% - Rank within Sub-Chapter 7102: #7 of 8 by export value ### Key metrics - Export CAGR: -10.06% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9797 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +533.33% in FY 2023-24 - Contribution to Sub-Ch. 7102: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71022990 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. 7102 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7102 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.14 | #8915 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +58.82% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.27 | #8633 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −59.26% | 0.00% | Nil | 0.0000% | — | 0.00% | +0.11 | #9183 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +363.64% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.27 | #8559 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −94.12% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.03 | #10045 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +533.33% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.01 | #9474 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −52.63% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.09 | #9797 | - CAGR (7-year): exports -10.06%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 71022990 export-import analysis ### Export decline: -10.06% CAGR over 7 years India's exports under HSN Code 71022990 have declined at a compound annual rate of -10.06% over 7 fiscal years, falling from ₹0.17 Crore in FY 2018-19 to ₹0.09 Crore in FY 2024-25. ### HSN Code 71022990 ranked #9797 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71022990 ranks #9797 out of 12657 HSN codes by total export value. Within Sub-Chapter 7102, it ranks #7 of 8. By trade surplus, it ranks #5274 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 71022990 exports The strongest single-year export movement for HSN Code 71022990 was recorded in FY 2023-24, when exports surged by 533.33% over the prior year. ### India maintains a trade surplus of ₹0.09 Crore in HSN Code 71022990 goods In FY 2024-25, India's exports of ₹0.09 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.09 Crore — ranking #5274 of 12657 by surplus magnitude. ### HSN Code 71022990 contributes 0.00% of Sub-Chapter 7102 exports — ranked #7 Among the 8 HSN codes under Sub-Chapter 7102, HSN Code 71022990 ranks #7 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 7102 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71023910: Cut or Worked Non-Industrial Diamonds](https://busy.in/hsn/hsn-71023910/) | ₹1,12,188 Cr | | #2 | [HSN Code 71023100: Sapphires, Rubies and Emeralds](https://busy.in/hsn/hsn-71023100/) | ₹4,152 Cr | | #3 | [HSN Code 71022110: Diamonds – Unworked](https://busy.in/hsn/hsn-71022110/) | ₹33 Cr | | #4 | [HSN Code 71022120: Diamonds – Worked](https://busy.in/hsn/hsn-71022120/) | ₹14 Cr | | #5 | [HSN Code 71021000: Precious Stones (Not Elsewhere Specified)](https://busy.in/hsn/hsn-71021000/) | < ₹1 Crore | | #6 | [HSN Code 71023990: Other Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71023990/) | < ₹1 Crore | | #7 | HSN Code 71022990: Other Precious Stones – Worked (this hsn code) | < ₹1 Crore | | — | [HSN Code 71022910: Other Precious Stones – Unworked](https://busy.in/hsn/hsn-71022910/) | Nil |