--- title: "HSN Code for Other Synthetic or Reconstructed Stones | HSN 71042900 GST Rate" description: "Find HSN and GST Rates for 71042900 related to Other Synthetic or Reconstructed Stones with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71042900/" --- # HSN Code 71042900: Other Synthetic or 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 | | --- | --- | --- | --- | --- | | Other, unworked or simply sawn or roughly shaped: Other | 0.125% | 0.125% | 0.25% | 0% | | Other, unworked or simply sawn or roughly shaped: Other (other than those specified in .125% rate entry ) | 0.75% | 0.75% | 1.5% | 0% | ## Frequently asked questions ### What products are classified under HSN 71042900 ? It includes Natural or Cultured Pearls & Stones ### Does packaging or labelling change the GST for Other Synthetic or 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. ### How should mixed supplies be billed when Other Synthetic or 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 or Reconstructed Stones; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Other Synthetic or 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 or Reconstructed Stones? Under HSN 71042900, Other Synthetic or Reconstructed Stones attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Other Synthetic or Reconstructed 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. ## India's trade performance: HSN Code 71042900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4 Cr (−11.86% YoY) — 0.0001% of India's total exports - Imports: ₹81 Cr (+10.48% YoY) — 0.0013% of India's total imports - Trade balance: −₹77 Cr (Deficit); surplus rank #10585 of 12657 HSN codes - Share of Sub-Chapter 7104: 0.04% of its exports; import side 0.96% - Rank within Sub-Chapter 7104: #6 of 14 by export value; import-side #4 ### Key metrics - National export rank: #6765 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +24.94% in FY 2023-24 - Contribution to Sub-Ch. 7104: 0.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71042900 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 | 4.05 | 0.0001% | — | 0.03% | 44.86 | 0.0008% | — | 0.37% | −40.81 | #6669 | | FY 2023-24 | 5.06 | 0.0001% | +24.94% | 0.04% | 73.65 | 0.0013% | +64.18% | 0.62% | −68.59 | #6574 | | FY 2024-25 | 4.46 | 0.0001% | −11.86% | 0.04% | 81.37 | 0.0013% | +10.48% | 0.96% | −76.91 | #6765 | ## Key trade insights: HSN Code 71042900 export-import analysis ### Export snapshot for HSN Code 71042900 India exported ₹4.46 Crore worth of Other Synthetic or Reconstructed Stones in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71042900 ranked #6765 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71042900 ranks #6765 out of 12657 HSN codes by total export value. Within Sub-Chapter 7104, it ranks #6 of 14. By trade surplus, it ranks #10585 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 71042900 exports The strongest single-year export movement for HSN Code 71042900 was recorded in FY 2023-24, when exports surged by 24.94% over the prior year. ### India records a trade deficit of ₹76.91 Crore in HSN Code 71042900 goods In FY 2024-25, India's imports of ₹81.37 Cr exceeded exports of ₹4.46 Cr, resulting in a trade deficit of ₹76.91 Crore — ranking #10585 of 12657 by surplus magnitude. ### HSN Code 71042900 contributes 0.04% of Sub-Chapter 7104 exports — ranked #6 Among the 14 HSN codes under Sub-Chapter 7104, HSN Code 71042900 ranks #6 by export value — accounting for 0.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.96% share (rank #4). ## 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](https://busy.in/hsn/hsn-71042120/) | ₹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 (this hsn code) | ₹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 |