--- title: "HSN Code for Of heading 7102 | HSN 71049120 GST Rate" description: "Find HSN and GST Rates for 71049120 related to Of heading 7102 with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71049120/" --- # HSN Code 71049120: Of heading 7102 - [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 71049120 ? It includes Other Zinc Coated Alloy Steel (<600mm) ### Do e‑way bill and e‑invoice apply for Of heading 7102? 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. ### Any common misclassification issue with Of heading 7102? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Of heading 7102 is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of heading 7102; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Of heading 7102? 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 much GST applies to Of heading 7102? Under HSN 71049120, Of heading 7102 attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 71049120 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹10,560 Cr (−2.30% YoY) — 0.2869% of India's total exports - Imports: ₹1,516 Cr (−8.71% YoY) — 0.0249% of India's total imports - Trade balance: ₹9,045 Cr (Surplus); surplus rank #32 of 12657 HSN codes - Share of Sub-Chapter 7104: 92.25% of its exports; import side 17.82% - Rank within Sub-Chapter 7104: #1 of 14 by export value; import-side #2 ### Key metrics - National export rank: #33 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: −2.30% in FY 2024-25 - Contribution to Sub-Ch. 7104: 92.25% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71049120 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 | 10,808.88 | 0.2987% | — | 85.00% | 1,660.12 | 0.0296% | — | 13.93% | +9,148.76 | #36 | | FY 2024-25 | 10,560.37 | 0.2869% | −2.30% | 92.25% | 1,515.52 | 0.0249% | −8.71% | 17.82% | +9,044.85 | #33 | ## Key trade insights: HSN Code 71049120 export-import analysis ### Export snapshot for HSN Code 71049120 India exported ₹10,560.37 Crore worth of Of heading 7102 in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71049120 ranked #33 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71049120 ranks #33 out of 12657 HSN codes by total export value. Within Sub-Chapter 7104, it ranks #1 of 14. By trade surplus, it ranks #32 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 71049120 exports The strongest single-year export movement for HSN Code 71049120 was recorded in FY 2024-25, when exports declined by 2.30% over the prior year. ### India maintains a trade surplus of ₹9,044.85 Crore in HSN Code 71049120 goods In FY 2024-25, India's exports of ₹10,560.37 Cr exceeded imports of ₹1,515.52 Cr, resulting in a trade surplus of ₹9,044.85 Crore — ranking #32 of 12657 by surplus magnitude. ### HSN Code 71049120 contributes 92.25% of Sub-Chapter 7104 exports — ranked #1 Among the 14 HSN codes under Sub-Chapter 7104, HSN Code 71049120 ranks #1 by export value — accounting for 92.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 17.82% share (rank #2). ## 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 (this hsn code) | ₹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](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 |