HSN Code 71042000: Other Lab-Created/Grown Diamonds

HSN Code 71042000 represents Other Lab-Created/Grown Diamonds under GST classification. This code helps businesses identify Other Lab-Created/Grown Diamonds correctly for billing, taxation, and trade. With HSN Code 71042000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other Lab-Created/Grown Diamonds.

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Description of Goods for Other Lab-Created/Grown Diamonds

HSN Code 71042000 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
71 Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin 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 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 0% 0% 0% 0%

Description of goods

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

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%
SGST 0%
IGST 0%
CESS 0%

What does HSN Code 71042000 not include?

Other Lab-Created/Grown Diamonds does not include products with the following descriptions:

HSN Code Description
Piezo-electric quartz
Piezo-electric quartz
Laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds
Other
Other, unworked or simply sawn or roughly shaped: Diamonds
Other, unworked or simply sawn or roughly shaped: Diamonds
Industrial
Non-industrial
Other, unworked or simply sawn or roughly shaped: Other
Other, unworked or simply sawn or roughly shaped: Other
Other, unworked or simply sawn or roughly shaped: Other (other than those specified in .125% rate entry )
Other, unworked or simply sawn or roughly shaped: Other (other than those specified in .125% rate entry )
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
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
Other: diamonds
Other: diamonds
Industrial
Non-industrial
Other: Other
Other: Other
Other: Other (other than those specified in .125% rate entry )
Other: Other (other than those specified in .125% rate entry )

Piezo-electric quartz

Piezo-electric quartz

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

Other, unworked or simply sawn or roughly shaped: Diamonds

Other, unworked or simply sawn or roughly shaped: Diamonds

Non-industrial

Other, unworked or simply sawn or roughly shaped: Other

Other, unworked or simply sawn or roughly shaped: Other

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

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

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

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

Other: diamonds

Other: diamonds

Non-industrial

Other: Other

Other: Other

Other: Other (other than those specified in .125% rate entry )

Other: Other (other than those specified in .125% rate entry )

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FAQs for HSN Code 71042000

What products are classified under HSN 71042000 ?

It includes Studded with diamonds of heading 7102

Does packaging or labelling change the GST for Other Lab-Created/Grown Diamonds?

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 Other Lab-Created/Grown Diamonds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Lab-Created/Grown Diamonds; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Other Lab-Created/Grown Diamonds?

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.

Can we claim ITC on inputs used to trade Other Lab-Created/Grown Diamonds?

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

How much GST applies to Other Lab-Created/Grown Diamonds?

Under HSN 71042000, Other Lab-Created/Grown Diamonds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.

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