--- title: "HSN Code for Other Synthetic/Reconstructed Stones | HSN 71042120 GST Rate" description: "Find HSN and GST Rates for 71042120 related to Other Synthetic/Reconstructed Stones with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71042120/" --- # HSN Code 71042120: Other Synthetic/Reconstructed 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 7104: Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Non-industrial | 0% | 0% | 0% | 0% | ## Frequently asked questions ### What products are classified under HSN 71042120 ? It includes Other Electrolytically Zinc Coated Flat Steel (<600mm) ### Does packaging or labelling change the GST for Other Synthetic/Reconstructed 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. ### Can we claim ITC on inputs used to trade Other Synthetic/Reconstructed 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 much GST applies to Other Synthetic/Reconstructed Stones? Under HSN 71042120, Other Synthetic/Reconstructed Stones attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Other Synthetic/Reconstructed Stones is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Synthetic/Reconstructed Stones; Nil for exempt items if applicable). ### Any common misclassification issue with Other Synthetic/Reconstructed 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 71042120 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹561 Cr (−15.05% YoY) — 0.0152% of India's total exports - Imports: ₹6,665 Cr (−29.68% YoY) — 0.1097% of India's total imports - Trade balance: −₹6,104 Cr (Deficit); surplus rank #12568 of 12657 HSN codes - Share of Sub-Chapter 7104: 4.90% of its exports; import side 78.37% - Rank within Sub-Chapter 7104: #2 of 14 by export value; import-side #1 ### Key metrics - National export rank: #907 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: −15.05% in FY 2024-25 - Contribution to Sub-Ch. 7104: 4.90% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71042120 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. 7104 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7104 | 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 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | 660.01 | 0.0182% | — | 5.19% | 9,477.09 | 0.1688% | — | 79.52% | −8,817.08 | #745 | | FY 2024-25 | 560.67 | 0.0152% | −15.05% | 4.90% | 6,664.51 | 0.1097% | −29.68% | 78.37% | −6,103.84 | #907 | ## Key trade insights: HSN Code 71042120 export-import analysis ### Export snapshot for HSN Code 71042120 India exported ₹560.67 Crore worth of Other Synthetic/Reconstructed Stones in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71042120 ranked #907 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71042120 ranks #907 out of 12657 HSN codes by total export value. Within Sub-Chapter 7104, it ranks #2 of 14. By trade surplus, it ranks #12568 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 71042120 exports The strongest single-year export movement for HSN Code 71042120 was recorded in FY 2024-25, when exports declined by 15.05% over the prior year. ### India records a trade deficit of ₹6,103.84 Crore in HSN Code 71042120 goods In FY 2024-25, India's imports of ₹6,664.51 Cr exceeded exports of ₹560.67 Cr, resulting in a trade deficit of ₹6,103.84 Crore — ranking #12568 of 12657 by surplus magnitude. ### HSN Code 71042120 contributes 4.90% of Sub-Chapter 7104 exports — ranked #2 Among the 14 HSN codes under Sub-Chapter 7104, HSN Code 71042120 ranks #2 by export value — accounting for 4.90% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 78.37% share (rank #1). ## Related HSN Codes in Sub-Chapter 7104 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71049120: Of heading 7102](https://busy.in/hsn/hsn-71049120/) | ₹10,560 Cr | | #2 | HSN Code 71042120: Other Synthetic/Reconstructed Stones (this hsn code) | ₹561 Cr | | #3 | [HSN Code 71049900: Other Grades of Precious & Semi-Precious Stones](https://busy.in/hsn/hsn-71049900/) | ₹159 Cr | | #4 | [HSN Code 71049110: Non-industrial](https://busy.in/hsn/hsn-71049110/) | ₹132 Cr | | #5 | [HSN Code 71042110: Non-industrial](https://busy.in/hsn/hsn-71042110/) | ₹31 Cr | | #6 | [HSN Code 71042900: Other Synthetic or Reconstructed Stones](https://busy.in/hsn/hsn-71042900/) | ₹4 Cr | | #7 | [HSN Code 71041000: Piezo-electric Quartz](https://busy.in/hsn/hsn-71041000/) | < ₹1 Crore | | — | [HSN Code 71042000: Other Lab-Created/Grown Diamonds](https://busy.in/hsn/hsn-71042000/) | Nil | | — | [HSN Code 71042010: Lab grown diamonds](https://busy.in/hsn/hsn-71042010/) | Nil | | — | [HSN Code 71042090: Industrial](https://busy.in/hsn/hsn-71042090/) | Nil |