HSN Code 71042900: Other Synthetic or Reconstructed Stones

HSN Code 71042900 represents Other Synthetic or Reconstructed Stones under GST classification. This code helps businesses identify Other Synthetic or Reconstructed Stones correctly for billing, taxation, and trade. With HSN Code 71042900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Synthetic or Reconstructed Stones.

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Description of Goods for HSN Code 71042900

HSN Code 71042900 relates to the following description.

Description of Goods

Other, unworked or simply sawn or roughly shaped: 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

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%

Description of Goods

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

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

0.75%

SGST

0.75%

IGST

1.5%

CESS

0%

What does HSN Code 71042900 not include?

Other Synthetic or Reconstructed Stones 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 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 71042900 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

₹4 Cr

−11.86% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹81 Cr

+10.48% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

−₹77 Cr

Trade Deficit

Surplus rank #10585 of 12657 HSN codes

% of Sub-Chapter 7104

FY 2024-25

0.04%

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

Import side: 0.96% of Sub-Chapter 7104’s imports

Rank Within Sub-Chapter 7104

FY 2024-25

#6 of 14

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

Import-side rank: #4 of 14

At a glance

#6765

National Export Rank

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

+24.94%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.04%

Contribution to Sub-Ch. 7104

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

India Export-Import Trade Statistics for 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 2018-19

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7104

FY 2022-23 Exp. Rank #6669

Balance

−40.81

Exports

4.05 ₹ Cr

0.0001% share

— YoY

0.03% of Sub-Ch. 7104

Imports

44.86 ₹ Cr

0.0008% share

— YoY

0.37% of Sub-Ch. 7104

FY 2023-24 Exp. Rank #6574

Balance

−68.59

Exports

5.06 ₹ Cr

0.0001% share

+24.94% YoY

0.04% of Sub-Ch. 7104

Imports

73.65 ₹ Cr

0.0013% share

+64.18% YoY

0.62% of Sub-Ch. 7104

FY 2024-25 Exp. Rank #6765

Balance

−76.91

Exports

4.46 ₹ Cr

0.0001% share

−11.86% YoY

0.04% of Sub-Ch. 7104

Imports

81.37 ₹ Cr

0.0013% share

+10.48% YoY

0.96% of Sub-Ch. 7104

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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71042900 and GST compliance.

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.

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.