HSN Code 71041000: Piezo-electric Quartz

HSN Code 71041000 represents Piezo-electric Quartz under GST classification. This code helps businesses identify Piezo-electric Quartz correctly for billing, taxation, and trade. With HSN Code 71041000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Piezo-electric Quartz.

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Description of Goods for HSN Code 71041000

HSN Code 71041000 relates to the following description.

Description of Goods

Piezo-electric quartz

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

7104 - Synthetic or reconstructed precious or semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport

CGST

0.125%

SGST

0.125%

IGST

0.25%

CESS

0%

What does HSN Code 71041000 not include?

Piezo-electric Quartz does not include products with the following descriptions.

HSN Code 71042000

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

HSN Code 71042010

Laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds

HSN Code 71042900

Other, unworked or simply sawn or roughly shaped: Other (other than those specified in .125% rate entry )

HSN Code 71049010

Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung,mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport-other-laboratory created or laboratory grown or manmade or cultured or synthetic diamonds

HSN Code 71049090

Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung,mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport-other-laboratory created or laboratory grown or manmade or cultured or synthetic diamonds-other

India’s Trade Performance — HSN Code 71041000 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

< ₹1 Crore

0.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹5 Cr

−47.52% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹5 Cr

Trade Deficit

Surplus rank #8595 of 12657 HSN codes

% of Sub-Chapter 7104

FY 2024-25

0.00%

Share of Sub-Chapter 7104’s total exports in FY 2024-25

Import side: 0.06% of Sub-Chapter 7104’s imports

Rank Within Sub-Chapter 7104

FY 2024-25

#7 of 14

Position by export value among HSN codes in Sub-Chapter 7104

Import-side rank: #7 of 14

At a glance

−55.28%

Export CAGR

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

#10437

National Export Rank

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

+2,800.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7104

Share of Sub-Chapter 7104 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 71041000

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 #7415

Balance

−0.24

Exports

1.25 ₹ Cr

0.0001% share

— YoY

0.06% of Sub-Ch. 7104

Imports

1.49 ₹ Cr

0.0000% share

— YoY

0.07% of Sub-Ch. 7104

FY 2019-20 Exp. Rank #8013

Balance

−5.27

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−49.60% YoY

0.02% of Sub-Ch. 7104

Imports

5.90 ₹ Cr

0.0002% share

+295.97% YoY

0.16% of Sub-Ch. 7104

FY 2020-21 Exp. Rank #9719

Balance

−1.60

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−95.24% YoY

0.00% of Sub-Ch. 7104

Imports

1.63 ₹ Cr

0.0001% share

−72.37% YoY

0.03% of Sub-Ch. 7104

FY 2021-22 Exp. Rank #8097

Balance

+0.36

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+2,800.00% YoY

0.01% of Sub-Ch. 7104

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−68.71% YoY

0.00% of Sub-Ch. 7104

FY 2022-23 Exp. Rank #8404

Balance

−0.90

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−19.54% YoY

0.00% of Sub-Ch. 7104

Imports

1.60 ₹ Cr

0.0000% share

+213.73% YoY

0.01% of Sub-Ch. 7104

FY 2023-24 Exp. Rank #10473

Balance

−9.08

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−98.57% YoY

0.00% of Sub-Ch. 7104

Imports

9.09 ₹ Cr

0.0002% share

+468.13% YoY

0.08% of Sub-Ch. 7104

FY 2024-25 Exp. Rank #10437

Balance

−4.76

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 7104

Imports

4.77 ₹ Cr

0.0001% share

−47.52% YoY

0.06% of Sub-Ch. 7104

CAGR · 7-Year

Exports

−55.28% /yr

Imports

21.40% /yr

Consistently Deficit
Sub-Chapter 7104 total

reference, FY 2024-25

Export

₹11,447.63 Cr

Import

₹8,503.89 Cr

Trade Balance

+2,943.74

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

Key Trade Insights: HSN Code 71041000 Export-Import Analysis

Export Decline: −55.28% CAGR Over 7 Years

India's exports under HSN Code 71041000 have declined at a compound annual rate of −55.28% over 7 fiscal years, falling from ₹1.25 Crore in FY 2018-19 to ₹0.01 Crore in FY 2024-25.

HSN Code 71041000 Ranked #10437 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 71041000 ranks #10437 out of 12657 HSN codes by total export value. Within Sub-Chapter 7104, it ranks #7 of 14. By trade surplus, it ranks #8595 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 71041000 Exports

The strongest single-year export movement for HSN Code 71041000 was recorded in FY 2021-22, when exports surged by 2,800.00% over the prior year.

India Records a Trade Deficit of ₹4.76 Crore in HSN Code 71041000 Goods

In FY 2024-25, India's imports of ₹4.77 Cr exceeded exports of ₹0.01 Cr, resulting in a trade deficit of ₹4.76 Crore — ranking #8595 of 12657 by surplus magnitude.

Import Growth of 21.40% CAGR Signals Rising Demand for Piezo-electric Quartz

India's imports under HSN Code 71041000 have grown at 21.40% CAGR, reaching ₹4.77 Crore in FY 2024-25.

HSN Code 71041000 Contributes 0.00% of Sub-Chapter 7104 Exports — Ranked #7

Among the 14 HSN codes under Sub-Chapter 7104, HSN Code 71041000 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 0.06% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71041000 and GST compliance.

What products are classified under HSN 71041000 ?

It includes Precious and Semi-Precious Stones – Unsorted

Any common misclassification issue with Piezo-electric Quartz?

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 Piezo-electric Quartz?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Piezo-electric Quartz?

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.

Does packaging or labelling change the GST for Piezo-electric Quartz?

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 should mixed supplies be billed when Piezo-electric Quartz is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Piezo-electric Quartz; Nil for exempt items if applicable).

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.