--- title: "HSN Code for Other Tourmaline & Zoisite Precious or Semi-Precious Stones | HSN 71039959 GST Rate" description: "Find HSN and GST Rates for 71039959 related to Other Tourmaline & Zoisite Precious or Semi-Precious Stones with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71039959/" --- # HSN Code 71039959: Other Tourmaline & Zoisite Precious or Semi-Precious Stones - [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 7103: Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Other | 0.125% | 0.125% | 0.25% | 0% | ## Frequently asked questions ### What products are classified under HSN 71039959 ? It includes Synthetic or Reconstructed Precious Stones ### Does packaging or labelling change the GST for Other Tourmaline & Zoisite Precious or Semi-Precious Stones? 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. ### How much GST applies to Other Tourmaline & Zoisite Precious or Semi-Precious Stones? Under HSN 71039959, Other Tourmaline & Zoisite Precious or Semi-Precious Stones attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Other Tourmaline & Zoisite Precious or Semi-Precious Stones? 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 Tourmaline & Zoisite Precious or Semi-Precious Stones is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Tourmaline & Zoisite Precious or Semi-Precious Stones; Nil for exempt items if applicable). ### Any common misclassification issue with Other Tourmaline & Zoisite Precious or Semi-Precious Stones? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 71039959 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹10 Cr (−57.86% YoY) — 0.0003% of India's total exports - Imports: ₹18 Cr (−17.51% YoY) — 0.0003% of India's total imports - Trade balance: −₹8 Cr (Deficit); surplus rank #8913 of 12657 HSN codes - Share of Sub-Chapter 7103: 0.24% of its exports; import side 0.29% - Rank within Sub-Chapter 7103: #19 of 55 by export value; import-side #20 ### Key metrics - National export rank: #5827 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +5,069.40% in FY 2022-23 - Contribution to Sub-Ch. 7103: 0.24% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71039959 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. 7103 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7103 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.03% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.81 | #7745 | | FY 2021-22 | 3.66 | 0.0001% | +306.67% | 0.06% | < ₹1 Crore | 0.0000% | +777.78% | 0.01% | +2.87 | #6698 | | FY 2022-23 | 189.20 | 0.0052% | +5,069.40% | 4.93% | 8.13 | 0.0001% | +929.11% | 0.03% | +181.07 | #1795 | | FY 2023-24 | 22.59 | 0.0006% | −88.06% | 0.52% | 21.47 | 0.0004% | +164.08% | 0.35% | +1.12 | #4592 | | FY 2024-25 | 9.52 | 0.0003% | −57.86% | 0.24% | 17.71 | 0.0003% | −17.51% | 0.29% | −8.19 | #5827 | ## Key trade insights: HSN Code 71039959 export-import analysis ### Export snapshot for HSN Code 71039959 India exported ₹9.52 Crore worth of Other Tourmaline & Zoisite Precious or Semi-Precious Stones in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71039959 ranked #5827 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71039959 ranks #5827 out of 12657 HSN codes by total export value. Within Sub-Chapter 7103, it ranks #19 of 55. By trade surplus, it ranks #8913 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 71039959 exports The strongest single-year export movement for HSN Code 71039959 was recorded in FY 2022-23, when exports surged by 5,069.40% over the prior year. ### India records a trade deficit of ₹8.19 Crore in HSN Code 71039959 goods In FY 2024-25, India's imports of ₹17.71 Cr exceeded exports of ₹9.52 Cr, resulting in a trade deficit of ₹8.19 Crore — ranking #8913 of 12657 by surplus magnitude. ### HSN Code 71039959 contributes 0.24% of Sub-Chapter 7103 exports — ranked #19 Among the 55 HSN codes under Sub-Chapter 7103, HSN Code 71039959 ranks #19 by export value — accounting for 0.24% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.29% share (rank #20). ## Related HSN Codes in Sub-Chapter 7103 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71039130: Other Parts for Jewellery](https://busy.in/hsn/hsn-71039130/) | ₹1,833 Cr | | #2 | [HSN Code 71039990: Other Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039990/) | ₹412 Cr | | #3 | [HSN Code 71039952: Tanzanite Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039952/) | ₹407 Cr | | #4 | [HSN Code 71039110: Precious Metal Parts for Jewellery](https://busy.in/hsn/hsn-71039110/) | ₹247 Cr | | #5 | [HSN Code 71039120: Base Metal Parts for Jewellery](https://busy.in/hsn/hsn-71039120/) | ₹184 Cr | | #6 | [HSN Code 71039939: Other Articles of Base Metals](https://busy.in/hsn/hsn-71039939/) | ₹146 Cr | | #7 | [HSN Code 71039951: Tourmaline & Zoisite Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039951/) | ₹145 Cr | | #8 | [HSN Code 71039919: Other Articles of Precious Metals](https://busy.in/hsn/hsn-71039919/) | ₹113 Cr | | #9 | [HSN Code 71039949: Prehnite & Quartz Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039949/) | ₹83 Cr | | #10 | [HSN Code 71039911: Precious Metal Foil and Leaf](https://busy.in/hsn/hsn-71039911/) | ₹56 Cr | | #19 | HSN Code 71039959: Other Tourmaline & Zoisite Precious or Semi-Precious Stones (this hsn code) | ₹10 Cr |