---
title: "HSN Code for Synthetic Precious or Semi-Precious Stones – Diamonds | HSN 71101110 GST Rate"
description: "Find HSN and GST Rates for 71101110 related to Synthetic Precious or Semi-Precious Stones – Diamonds with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-71101110/"
---

# HSN Code 71101110: Synthetic Precious or Semi-Precious Stones – Diamonds

- [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 7110: Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Platinum : Unwrought or in powder form: Unwrought form | 1.5% | 1.5% | 3% | 0% |

## Frequently asked questions

### What products are classified under HSN 71101110 ?

It includes Reconstructed Precious Stones

### How much GST applies to Synthetic Precious or Semi-Precious Stones – Diamonds?

Under HSN 71101110, Synthetic Precious or Semi-Precious Stones – Diamonds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Synthetic Precious or Semi-Precious Stones – Diamonds?

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.

### Any common misclassification issue with Synthetic Precious or Semi-Precious Stones – Diamonds?

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 Synthetic Precious or Semi-Precious Stones – Diamonds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Synthetic Precious or Semi-Precious Stones – Diamonds; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Synthetic Precious or Semi-Precious Stones – Diamonds?

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.

## India's trade performance: HSN Code 71101110 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹145 Cr (+141.25% YoY) — 0.0039% of India's total exports
- Imports: ₹23,253 Cr (+5,950.70% YoY) — 0.3827% of India's total imports
- Trade balance: −₹23,109 Cr (Deficit); surplus rank #12634 of 12657 HSN codes
- Share of Sub-Chapter 7110: 22.49% of its exports; import side 50.22%
- Rank within Sub-Chapter 7110: #2 of 9 by export value; import-side #1

### Key metrics

- Export CAGR: 37.31% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #2196 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,194.82% in FY 2023-24
- Contribution to Sub-Ch. 7110: 22.49% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 71101110

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. 7110 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7110 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 21.58 | 0.0009% | — | 9.82% | 402.32 | 0.0112% | — | 21.94% | −380.74 | #4005 |
| FY 2019-20 | 17.42 | 0.0008% | −19.28% | 10.36% | 411.44 | 0.0123% | +2.27% | 15.94% | −394.02 | #4297 |
| FY 2020-21 | 15.51 | 0.0007% | −10.96% | 4.39% | 520.76 | 0.0179% | +26.57% | 13.59% | −505.25 | #4535 |
| FY 2021-22 | 64.77 | 0.0021% | +317.60% | 13.51% | 548.08 | 0.0120% | +5.25% | 14.59% | −483.31 | #2993 |
| FY 2022-23 | 4.63 | 0.0001% | −92.85% | 6.01% | 402.14 | 0.0070% | −26.63% | 3.27% | −397.51 | #6542 |
| FY 2023-24 | 59.95 | 0.0017% | +1,194.82% | 21.37% | 384.31 | 0.0068% | −4.43% | 15.80% | −324.36 | #3283 |
| FY 2024-25 | 144.63 | 0.0039% | +141.25% | 22.49% | 23,253.43 | 0.3827% | +5,950.70% | 50.22% | −23,108.80 | #2196 |

- CAGR (7-year): exports 37.31%/yr, imports 96.63%/yr (consistently Deficit)

## Key trade insights: HSN Code 71101110 export-import analysis

### Consistent export growth: 37.31% CAGR over 7 years

India's exports under HSN Code 71101110 have grown at a compound annual rate of 37.31% over 7 fiscal years, rising from ₹21.58 Crore in FY 2018-19 to ₹144.63 Crore in FY 2024-25.

### HSN Code 71101110 ranked #2196 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 71101110 ranks #2196 out of 12657 HSN codes by total export value. Within Sub-Chapter 7110, it ranks #2 of 9. By trade surplus, it ranks #12634 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 71101110 exports

The strongest single-year export movement for HSN Code 71101110 was recorded in FY 2023-24, when exports surged by 1,194.82% over the prior year.

### India records a trade deficit of ₹23,108.80 Crore in HSN Code 71101110 goods

In FY 2024-25, India's imports of ₹23,253.43 Cr exceeded exports of ₹144.63 Cr, resulting in a trade deficit of ₹23,108.80 Crore — ranking #12634 of 12657 by surplus magnitude.

### Import growth of 96.63% CAGR signals rising demand for Synthetic Precious or Semi-Precious Stones – Diamonds

India's imports under HSN Code 71101110 have grown at 96.63% CAGR, reaching ₹23,253.43 Crore in FY 2024-25.

### HSN Code 71101110 contributes 22.49% of Sub-Chapter 7110 exports — ranked #2

Among the 9 HSN codes under Sub-Chapter 7110, HSN Code 71101110 ranks #2 by export value — accounting for 22.49% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 50.22% share (rank #1).

## Related HSN Codes in Sub-Chapter 7110

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 71103100: Goldsmiths’ Wares](https://busy.in/hsn/hsn-71103100/) | ₹338 Cr |
| #2 | HSN Code 71101110: Synthetic Precious or Semi-Precious Stones – Diamonds (this hsn code) | ₹145 Cr |
| #3 | [HSN Code 71101900: Miscellaneous Synthetic Stones](https://busy.in/hsn/hsn-71101900/) | ₹77 Cr |
| #4 | [HSN Code 71102100: Reconstructed Precious Stones](https://busy.in/hsn/hsn-71102100/) | ₹51 Cr |
| #5 | [HSN Code 71102900: Other Reconstructed Stones](https://busy.in/hsn/hsn-71102900/) | ₹18 Cr |
| #6 | [HSN Code 71103900: Silversmiths’ Wares](https://busy.in/hsn/hsn-71103900/) | ₹11 Cr |
| #7 | [HSN Code 71104100: Platinum or Other Precious Metal Wares](https://busy.in/hsn/hsn-71104100/) | ₹2 Cr |
| #8 | [HSN Code 71104900: Precious Metal Jewellery and Other Articles](https://busy.in/hsn/hsn-71104900/) | ₹1 Cr |
| #9 | [HSN Code 71101120: Synthetic Precious Stones of Other Types](https://busy.in/hsn/hsn-71101120/) | < ₹1 Crore |