HSN Code 71051010: Of heading 7104

HSN Code 71051010 represents Of heading 7104 under GST classification. This code helps businesses identify Of heading 7104 correctly for billing, taxation, and trade. With HSN Code 71051010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of heading 7104.

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Description of Goods for HSN Code 71051010

HSN Code 71051010 relates to the following description.

Description of Goods

Of heading 7102

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

7105 - Dust and powder of natural or synthetic precious or semi-precious stones

CGST

0%

SGST

0%

IGST

0%

CESS

0%

What does HSN Code 71051010 not include?

Of heading 7104 does not include products with the following descriptions.

India’s Trade Performance — HSN Code 71051010 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

₹26 Cr

−9.40% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹19 Cr

−21.75% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹7 Cr

Trade Surplus

Surplus rank #3541 of 12657 HSN codes

% of Sub-Chapter 7105

FY 2024-25

95.62%

Share of Sub-Chapter 7105’s total exports in FY 2024-25

Import side: 7.65% of Sub-Chapter 7105’s imports

Rank Within Sub-Chapter 7105

FY 2024-25

#1 of 4

Position by export value among HSN codes in Sub-Chapter 7105

Import-side rank: #2 of 4

At a glance

#4500

National Export Rank

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

−9.40%

Peak Growth Year

FY 2024-25 · strongest single-year move

95.62%

Contribution to Sub-Ch. 7105

Share of Sub-Chapter 7105 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 71051010

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. 7105

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

FY 2022-23

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7105

FY 2023-24 Exp. Rank #4281

Balance

+4.40

Exports

29.14 ₹ Cr

0.0008% share

— YoY

97.59% of Sub-Ch. 7105

Imports

24.74 ₹ Cr

0.0004% share

— YoY

8.90% of Sub-Ch. 7105

FY 2024-25 Exp. Rank #4500

Balance

+7.04

Exports

26.40 ₹ Cr

0.0007% share

−9.40% YoY

95.62% of Sub-Ch. 7105

Imports

19.36 ₹ Cr

0.0003% share

−21.75% YoY

7.65% of Sub-Ch. 7105

Sub-Chapter 7105 total

reference, FY 2024-25

Export

₹27.61 Cr

Import

₹253.04 Cr

Trade Balance

−225.43

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 71051010 Export-Import Analysis

Export Snapshot for HSN Code 71051010

India exported ₹26.40 Crore worth of Of heading 7104 in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 71051010 Ranked #4500 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 71051010 ranks #4500 out of 12657 HSN codes by total export value. Within Sub-Chapter 7105, it ranks #1 of 4. By trade surplus, it ranks #3541 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 71051010 Exports

The strongest single-year export movement for HSN Code 71051010 was recorded in FY 2024-25, when exports declined by 9.40% over the prior year.

India Maintains a Trade Surplus of ₹7.04 Crore in HSN Code 71051010 Goods

In FY 2024-25, India's exports of ₹26.40 Cr exceeded imports of ₹19.36 Cr, resulting in a trade surplus of ₹7.04 Crore — ranking #3541 of 12657 by surplus magnitude.

HSN Code 71051010 Contributes 95.62% of Sub-Chapter 7105 Exports — Ranked #1

Among the 4 HSN codes under Sub-Chapter 7105, HSN Code 71051010 ranks #1 by export value — accounting for 95.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.65% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71051010 and GST compliance.

What products are classified under HSN 71051010 ?

It includes Wire of other alloy steel of high speed steel

Any common misclassification issue with Of heading 7104?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Of heading 7104?

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 Of heading 7104 is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of heading 7104; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Of heading 7104?

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.

Can we claim ITC on inputs used to trade Of heading 7104?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.