HSN Code 71059000 represents Imitation Pearls & Stones under GST classification. This code helps businesses identify Imitation Pearls & Stones correctly for billing, taxation, and trade. With HSN Code 71059000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Imitation Pearls & Stones.
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HSN Code 71059000 relates to the following description.
Description of Goods
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
7105 - Dust and powder of natural or synthetic precious or semi-precious stones
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Imitation Pearls & Stones does not include products with the following descriptions.
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹14 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹13 Cr
Surplus rank #9276 of 12657 HSN codes
% of Sub-Chapter 7105
FY 2024-250.58%
Share of Sub-Chapter 7105’s total exports in FY 2024-25
Import side: 5.36% of Sub-Chapter 7105’s imports
Rank Within Sub-Chapter 7105
FY 2024-25#3 of 4
Position by export value among HSN codes in Sub-Chapter 7105
Import-side rank: #3 of 4
At a glance
8.15%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9538
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+612.64%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.58%
Contribution to Sub-Ch. 7105
Share of Sub-Chapter 7105 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−1.59
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.34% of Sub-Ch. 7105
Imports
1.69 ₹ Cr
0.0000% share
— YoY
0.81% of Sub-Ch. 7105
Balance
−2.45
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+330.00% YoY
2.04% of Sub-Ch. 7105
Imports
2.88 ₹ Cr
0.0001% share
+70.41% YoY
1.56% of Sub-Ch. 7105
Balance
−2.28
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+102.33% YoY
4.73% of Sub-Ch. 7105
Imports
3.15 ₹ Cr
0.0001% share
+9.38% YoY
1.63% of Sub-Ch. 7105
Balance
+0.45
Exports
6.20 ₹ Cr
0.0002% share
+612.64% YoY
17.57% of Sub-Ch. 7105
Imports
5.75 ₹ Cr
0.0001% share
+82.54% YoY
1.97% of Sub-Ch. 7105
Balance
−4.05
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−96.61% YoY
0.68% of Sub-Ch. 7105
Imports
4.26 ₹ Cr
0.0001% share
−25.91% YoY
1.38% of Sub-Ch. 7105
Balance
−59.67
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+38.10% YoY
0.97% of Sub-Ch. 7105
Imports
59.96 ₹ Cr
0.0011% share
+1,307.51% YoY
21.57% of Sub-Ch. 7105
Balance
−13.40
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−44.83% YoY
0.58% of Sub-Ch. 7105
Imports
13.56 ₹ Cr
0.0002% share
−77.38% YoY
5.36% of Sub-Ch. 7105
CAGR · 7-Year
Exports
8.15% /yr
Imports
41.49% /yr
reference, FY 2024-25
Export
₹27.61 Cr
Import
₹253.04 Cr
Trade Balance
−225.43
India's exports under HSN Code 71059000 have grown at a compound annual rate of 8.15% over 7 fiscal years, rising from ₹0.10 Crore in FY 2018-19 to ₹0.16 Crore in FY 2024-25.
In FY 2024-25, HSN Code 71059000 ranks #9538 out of 12657 HSN codes by total export value. Within Sub-Chapter 7105, it ranks #3 of 4. By trade surplus, it ranks #9276 of 12657.
The strongest single-year export movement for HSN Code 71059000 was recorded in FY 2021-22, when exports surged by 612.64% over the prior year.
In FY 2024-25, India's imports of ₹13.56 Cr exceeded exports of ₹0.16 Cr, resulting in a trade deficit of ₹13.40 Crore — ranking #9276 of 12657 by surplus magnitude.
India's imports under HSN Code 71059000 have grown at 41.49% CAGR, reaching ₹13.56 Crore in FY 2024-25.
Among the 4 HSN codes under Sub-Chapter 7105, HSN Code 71059000 ranks #3 by export value — accounting for 0.58% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.36% share (rank #3).
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Clear answers to common queries about HSN Code 71059000 and GST compliance.
It includes Other Unwrought Precious Metals
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 71059000, Imitation Pearls & Stones attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Imitation Pearls & Stones; Nil for exempt items if applicable).
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.