--- title: "HSN Code for Other Precious or Semi-Precious Stones | HSN 71039990 GST Rate" description: "Find HSN and GST Rates for 71039990 related to Other Precious or Semi-Precious Stones with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71039990/" --- # HSN Code 71039990: Other 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 : Other | 0.125% | 0.125% | 0.25% | 0% | ## Frequently asked questions ### What products are classified under HSN 71039990 ? It includes Other Synthetic or Reconstructed Stones ### Does packaging or labelling change the GST for Other 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. ### Any common misclassification issue with Other 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. ### How should mixed supplies be billed when Other 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 Precious or Semi-Precious Stones; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Other Precious or Semi-Precious Stones? 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. ### How much GST applies to Other Precious or Semi-Precious Stones? Under HSN 71039990, Other 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 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. ## India's trade performance: HSN Code 71039990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹412 Cr (−11.63% YoY) — 0.0112% of India's total exports - Imports: ₹187 Cr (−10.73% YoY) — 0.0031% of India's total imports - Trade balance: ₹225 Cr (Surplus); surplus rank #1069 of 12657 HSN codes - Share of Sub-Chapter 7103: 10.46% of its exports; import side 3.05% - Rank within Sub-Chapter 7103: #2 of 55 by export value; import-side #8 ### Key metrics - Export CAGR: -17.45% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1165 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +26.10% in FY 2021-22 - Contribution to Sub-Ch. 7103: 10.46% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71039990 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 | 1,300.03 | 0.0569% | — | 33.90% | 2,366.85 | 0.0660% | — | 27.80% | −1,066.82 | #254 | | FY 2019-20 | 1,109.19 | 0.0504% | −14.68% | 36.92% | 3,501.08 | 0.1046% | +47.92% | 53.16% | −2,391.89 | #288 | | FY 2020-21 | 325.60 | 0.0151% | −70.65% | 11.13% | 3,965.71 | 0.1361% | +13.27% | 70.77% | −3,640.11 | #953 | | FY 2021-22 | 410.58 | 0.0131% | +26.10% | 6.62% | 10,915.30 | 0.2388% | +175.24% | 74.97% | −10,504.72 | #1010 | | FY 2022-23 | 428.24 | 0.0118% | +4.30% | 11.16% | 11,185.10 | 0.1945% | +2.47% | 42.71% | −10,756.86 | #1046 | | FY 2023-24 | 465.67 | 0.0129% | +8.74% | 10.79% | 209.38 | 0.0037% | −98.13% | 3.44% | +256.29 | #1019 | | FY 2024-25 | 411.51 | 0.0112% | −11.63% | 10.46% | 186.92 | 0.0031% | −10.73% | 3.05% | +224.59 | #1165 | - CAGR (7-year): exports -17.45%/yr, imports -34.50%/yr (consistently Surplus) ## Key trade insights: HSN Code 71039990 export-import analysis ### Export decline: -17.45% CAGR over 7 years India's exports under HSN Code 71039990 have declined at a compound annual rate of -17.45% over 7 fiscal years, falling from ₹1,300.03 Crore in FY 2018-19 to ₹411.51 Crore in FY 2024-25. ### HSN Code 71039990 ranked #1165 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71039990 ranks #1165 out of 12657 HSN codes by total export value. Within Sub-Chapter 7103, it ranks #2 of 55. By trade surplus, it ranks #1069 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 71039990 exports The strongest single-year export movement for HSN Code 71039990 was recorded in FY 2021-22, when exports surged by 26.10% over the prior year. ### India maintains a trade surplus of ₹224.59 Crore in HSN Code 71039990 goods In FY 2024-25, India's exports of ₹411.51 Cr exceeded imports of ₹186.92 Cr, resulting in a trade surplus of ₹224.59 Crore — ranking #1069 of 12657 by surplus magnitude. ### Import growth of -34.50% CAGR signals stable import dependency for Other Precious or Semi-Precious Stones India's imports under HSN Code 71039990 have grown at -34.50% CAGR, reaching ₹186.92 Crore in FY 2024-25. ### HSN Code 71039990 contributes 10.46% of Sub-Chapter 7103 exports — ranked #2 Among the 55 HSN codes under Sub-Chapter 7103, HSN Code 71039990 ranks #2 by export value — accounting for 10.46% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.05% share (rank #8). ## 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 (this hsn code) | ₹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 |