HSN Code 71049120: Of heading 7102

HSN Code 71049120 represents Of heading 7102 under GST classification. This code helps businesses identify Of heading 7102 correctly for billing, taxation, and trade. With HSN Code 71049120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of heading 7102.

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Description of Goods for HSN Code 71049120

HSN Code 71049120 relates to the following description.

Description of Goods

Non-industrial

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 71049120 not include?

Of heading 7102 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 71042900

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

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 71049120 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

₹10,560 Cr

−2.30% vs FY 2023-24

0.2869% of India’s total exports

India’s Imports

FY 2024-25

₹1,516 Cr

−8.71% vs FY 2023-24

0.0249% of India’s total imports

Trade Balance

FY 2024-25

₹9,045 Cr

Trade Surplus

Surplus rank #32 of 12657 HSN codes

% of Sub-Chapter 7104

FY 2024-25

92.25%

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

Import side: 17.82% of Sub-Chapter 7104’s imports

Rank Within Sub-Chapter 7104

FY 2024-25

#1 of 14

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

Import-side rank: #2 of 14

At a glance

#33

National Export Rank

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

−2.30%

Peak Growth Year

FY 2024-25 · strongest single-year move

92.25%

Contribution to Sub-Ch. 7104

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

India Export-Import Trade Statistics for 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 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

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 2023-24 Exp. Rank #36

Balance

+9,148.76

Exports

10,808.88 ₹ Cr

0.2987% share

— YoY

85.00% of Sub-Ch. 7104

Imports

1,660.12 ₹ Cr

0.0296% share

— YoY

13.93% of Sub-Ch. 7104

FY 2024-25 Exp. Rank #33

Balance

+9,044.85

Exports

10,560.37 ₹ Cr

0.2869% share

−2.30% YoY

92.25% of Sub-Ch. 7104

Imports

1,515.52 ₹ Cr

0.0249% share

−8.71% YoY

17.82% 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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71049120 and GST compliance.

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.

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.