HSN Code 71022990 represents Other Precious Stones – Worked under GST classification. This code helps businesses identify Other Precious Stones – Worked correctly for billing, taxation, and trade. With HSN Code 71022990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Precious Stones – Worked.
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HSN Code 71022990 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
Diamonds, whether or not worked, but not mounted or set
Industrial : Other : Other (other than those specified in .125% rate entry )
0.75%
0.75%
1.5%
0%
Description of Goods
Industrial : Other : Other
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
CGST
0.125%
SGST
0.125%
IGST
0.25%
CESS
0%
Description of Goods
Industrial : Other : Other (other than those specified in .125% rate entry )
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
CGST
0.75%
SGST
0.75%
IGST
1.5%
CESS
0%
Other Precious Stones – Worked does not include products with the following descriptions.
Unsorted
Industrial : Unworked or simply sawn, cleaved or bruted: Sorted
Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted
Industrial : Other : Crushed
Industrial : Other : Crushed (other than those specified in .125% rate entry )
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 (other than those specified in .125% rate entry )
Non-industrial : Others : Other
Non-industrial : Others : Other (other than those specified in .125% rate entry )
Unsorted
Industrial : Unworked or simply sawn, cleaved or bruted: Sorted
Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted
Industrial : Other : Crushed
Industrial : Other : Crushed (other than those specified in .125% rate entry )
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 (other than those specified in .125% rate entry )
Non-industrial : Others : Other
Non-industrial : Others : Other (other than those specified in .125% rate entry )
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5274 of 12657 HSN codes
% of Sub-Chapter 7102
FY 2024-250.00%
Share of Sub-Chapter 7102’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 7102’s imports
Rank Within Sub-Chapter 7102
FY 2024-25#7 of 8
Position by export value among HSN codes in Sub-Chapter 7102
At a glance
−10.06%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9797
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+533.33%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.00%
Contribution to Sub-Ch. 7102
Share of Sub-Chapter 7102 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
+0.14
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7102
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7102
Balance
+0.27
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+58.82% YoY
0.00% of Sub-Ch. 7102
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7102
Balance
+0.11
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−59.26% YoY
0.00% of Sub-Ch. 7102
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7102
Balance
+0.27
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+363.64% YoY
0.00% of Sub-Ch. 7102
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7102
Balance
+0.03
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−94.12% YoY
0.00% of Sub-Ch. 7102
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7102
Balance
−0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+533.33% YoY
0.00% of Sub-Ch. 7102
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7102
Balance
+0.09
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−52.63% YoY
0.00% of Sub-Ch. 7102
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7102
CAGR · 7-Year
Exports
−10.06% /yr
Imports
—
reference, FY 2024-25
Export
₹1,16,388.01 Cr
Import
₹1,37,056.97 Cr
Trade Balance
−20,668.96
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.
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.
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.
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.
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.
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 71022990 and GST compliance.
It includes Other Precious or Semi-Precious Stones
Under HSN 71022990, Other Precious Stones – 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 Other Precious Stones – Worked; Nil for exempt items if applicable).
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.