--- title: "HSN Code for Other Grades of Precious & Semi-Precious Stones | HSN 71049900 GST Rate" description: "Find HSN and GST Rates for 71049900 related to Other Grades of Precious & Semi-Precious Stones with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71049900/" --- # HSN Code 71049900: Other Grades of Precious & Semi-Precious 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: Other | 0.125% | 0.125% | 0.25% | 0% | | Other: 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 71049900 ? It includes Precious Metal-Clad Articles ### How should mixed supplies be billed when Other Grades of Precious & Semi-Precious Stones is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Grades of Precious & Semi-Precious Stones; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Other Grades of Precious & Semi-Precious 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 Grades of Precious & Semi-Precious Stones? Under HSN 71049900, Other Grades of Precious & Semi-Precious Stones attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Other Grades of Precious & Semi-Precious 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. ### Do e‑way bill and e‑invoice apply for Other Grades of Precious & Semi-Precious 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. ### Any common misclassification issue with Other Grades of Precious & Semi-Precious 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 71049900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹159 Cr (+3.89% YoY) — 0.0043% of India's total exports - Imports: ₹216 Cr (+0.60% YoY) — 0.0036% of India's total imports - Trade balance: −₹57 Cr (Deficit); surplus rank #10343 of 12657 HSN codes - Share of Sub-Chapter 7104: 1.39% of its exports; import side 2.54% - Rank within Sub-Chapter 7104: #3 of 14 by export value; import-side #3 ### Key metrics - National export rank: #2094 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +97.97% in FY 2023-24 - Contribution to Sub-Ch. 7104: 1.39% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71049900 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 | 77.31 | 0.0021% | — | 0.53% | 292.23 | 0.0051% | — | 2.41% | −214.92 | #2890 | | FY 2023-24 | 153.05 | 0.0042% | +97.97% | 1.20% | 214.81 | 0.0038% | −26.49% | 1.80% | −61.76 | #2084 | | FY 2024-25 | 159.01 | 0.0043% | +3.89% | 1.39% | 216.10 | 0.0036% | +0.60% | 2.54% | −57.09 | #2094 | ## Key trade insights: HSN Code 71049900 export-import analysis ### Export snapshot for HSN Code 71049900 India exported ₹159.01 Crore worth of Other Grades of Precious & Semi-Precious Stones in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71049900 ranked #2094 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71049900 ranks #2094 out of 12657 HSN codes by total export value. Within Sub-Chapter 7104, it ranks #3 of 14. By trade surplus, it ranks #10343 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 71049900 exports The strongest single-year export movement for HSN Code 71049900 was recorded in FY 2023-24, when exports surged by 97.97% over the prior year. ### India records a trade deficit of ₹57.09 Crore in HSN Code 71049900 goods In FY 2024-25, India's imports of ₹216.10 Cr exceeded exports of ₹159.01 Cr, resulting in a trade deficit of ₹57.09 Crore — ranking #10343 of 12657 by surplus magnitude. ### HSN Code 71049900 contributes 1.39% of Sub-Chapter 7104 exports — ranked #3 Among the 14 HSN codes under Sub-Chapter 7104, HSN Code 71049900 ranks #3 by export value — accounting for 1.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.54% share (rank #3). ## 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 (this hsn code) | ₹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 |