HSN Code 71039990: Other Precious or Semi-Precious Stones

HSN Code 71039990 represents Other Precious or Semi-Precious Stones under GST classification. This code helps businesses identify Other Precious or Semi-Precious Stones correctly for billing, taxation, and trade. With HSN Code 71039990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Precious or Semi-Precious Stones.

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Description of Goods for HSN Code 71039990

HSN Code 71039990 relates to the following description.

Description of Goods

Otherwise worked : 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

7103 - Synthetic or reconstructed precious or semiprecious stones [other than diamonds], whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semiprecious stones [other than diamonds], temporarily strung for convenience of transport; synthetic or reconstructed diamonds, unworked or simply sawn or roughly shaped"

CGST

0.125%

SGST

0.125%

IGST

0.25%

CESS

0%

What does HSN Code 71039990 not include?

Other Precious or Semi-Precious Stones does not include products with the following descriptions.

HSN Code 71031011

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: emerald

HSN Code 71031012

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: ruby and sapphire

HSN Code 71031019

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: other

HSN Code 71031021

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: feldspar (moon stone)

HSN Code 71031022

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: garnet

HSN Code 71031023

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: agate

HSN Code 71031024

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: green aventurine

HSN Code 71031029

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: other

HSN Code 71031031

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Emerald

HSN Code 71031032

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Yellow/golden/pink/red/green beryl

HSN Code 71031033

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Chrysoberyl (including chrysoberyl cat’s eye)

HSN Code 71031034

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Alexandrite (including alexandrite cat’s eye)

HSN Code 71031039

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Other

HSN Code 71031041

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: Ruby

HSN Code 71031042

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: Sapphire

HSN Code 71031043

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: moonstone

HSN Code 71031049

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: Other

HSN Code 71031051

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Garnet

HSN Code 71031052

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Lapis-lazuli

HSN Code 71031059

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Other

HSN Code 71031061

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Prehnite

HSN Code 71031062

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Agate

HSN Code 71031063

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Aventurine

HSN Code 71031064

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Chalcedony

HSN Code 71031069

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Other

HSN Code 71031071

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tourmaline

HSN Code 71031072

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tanzanite

HSN Code 71031079

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Other

HSN Code 71039100

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: ruby, sapphire and emeralds

HSN Code 71039910

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: feldspar (moon stone)

HSN Code 71039911

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Yellow/golden/pink/red/green beryl

HSN Code 71039912

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Chrysoberyl (including chrysoberyl cat’s eye)

HSN Code 71039913

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Alexandrite (including alexandrite cat’s eye)

HSN Code 71039919

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Other

HSN Code 71039920

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: garnet

HSN Code 71039921

Otherwise worked: Other: Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species, other than “Ruby” and “Sapphire”: moonstone

HSN Code 71039929

Otherwise worked: Other: Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species, other than “Ruby” and “Sapphire”: Other

HSN Code 71039930

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: agate

HSN Code 71039931

Otherwise worked: Other: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: garnet

HSN Code 71039932

Otherwise worked: Other: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Lapis-lazuli

HSN Code 71039939

Otherwise worked: Other: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Other

HSN Code 71039940

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: chalcedony

HSN Code 71039941

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Prehnite

HSN Code 71039942

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Agate

HSN Code 71039943

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Aventurine

HSN Code 71039944

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Chalcedony

HSN Code 71039949

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Other

HSN Code 71039951

Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tourmaline

HSN Code 71039952

Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tanzanite

HSN Code 71039959

Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Other

India’s Trade Performance — HSN Code 71039990 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹412 Cr

−11.63% vs FY 2023-24

0.0112% of India’s total exports

India’s Imports

FY 2024-25

₹187 Cr

−10.73% vs FY 2023-24

0.0031% of India’s total imports

Trade Balance

FY 2024-25

₹225 Cr

Trade Surplus

Surplus rank #1069 of 12657 HSN codes

% of Sub-Chapter 7103

FY 2024-25

10.46%

Share of Sub-Chapter 7103’s total exports in FY 2024-25

Import side: 3.05% of Sub-Chapter 7103’s imports

Rank Within Sub-Chapter 7103

FY 2024-25

#2 of 55

Position by export value among HSN codes in Sub-Chapter 7103

Import-side rank: #8 of 55

At a glance

−17.45%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#1165

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+26.10%

Peak Growth Year

FY 2021-22 · strongest single-year move

10.46%

Contribution to Sub-Ch. 7103

Share of Sub-Chapter 7103 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #254

Balance

−1,066.82

Exports

1,300.03 ₹ Cr

0.0569% share

— YoY

33.90% of Sub-Ch. 7103

Imports

2,366.85 ₹ Cr

0.0660% share

— YoY

27.80% of Sub-Ch. 7103

FY 2019-20 Exp. Rank #288

Balance

−2,391.89

Exports

1,109.19 ₹ Cr

0.0504% share

−14.68% YoY

36.92% of Sub-Ch. 7103

Imports

3,501.08 ₹ Cr

0.1046% share

+47.92% YoY

53.16% of Sub-Ch. 7103

FY 2020-21 Exp. Rank #953

Balance

−3,640.11

Exports

325.60 ₹ Cr

0.0151% share

−70.65% YoY

11.13% of Sub-Ch. 7103

Imports

3,965.71 ₹ Cr

0.1361% share

+13.27% YoY

70.77% of Sub-Ch. 7103

FY 2021-22 Exp. Rank #1010

Balance

−10,504.72

Exports

410.58 ₹ Cr

0.0131% share

+26.10% YoY

6.62% of Sub-Ch. 7103

Imports

10,915.30 ₹ Cr

0.2388% share

+175.24% YoY

74.97% of Sub-Ch. 7103

FY 2022-23 Exp. Rank #1046

Balance

−10,756.86

Exports

428.24 ₹ Cr

0.0118% share

+4.30% YoY

11.16% of Sub-Ch. 7103

Imports

11,185.10 ₹ Cr

0.1945% share

+2.47% YoY

42.71% of Sub-Ch. 7103

FY 2023-24 Exp. Rank #1019

Balance

+256.29

Exports

465.67 ₹ Cr

0.0129% share

+8.74% YoY

10.79% of Sub-Ch. 7103

Imports

209.38 ₹ Cr

0.0037% share

−98.13% YoY

3.44% of Sub-Ch. 7103

FY 2024-25 Exp. Rank #1165

Balance

+224.59

Exports

411.51 ₹ Cr

0.0112% share

−11.63% YoY

10.46% of Sub-Ch. 7103

Imports

186.92 ₹ Cr

0.0031% share

−10.73% YoY

3.05% of Sub-Ch. 7103

CAGR · 7-Year

Exports

−17.45% /yr

Imports

−34.50% /yr

Consistently Surplus
Sub-Chapter 7103 total

reference, FY 2024-25

Export

₹3,934.04 Cr

Import

₹6,123.93 Cr

Trade Balance

−2,189.89

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71039990 and GST compliance.

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.

Important Disclaimer

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.