HSN Code 71101110 represents Synthetic Precious or Semi-Precious Stones – Diamonds under GST classification. This code helps businesses identify Synthetic Precious or Semi-Precious Stones – Diamonds correctly for billing, taxation, and trade. With HSN Code 71101110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Synthetic Precious or Semi-Precious Stones – Diamonds.
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HSN Code 71101110 relates to the following description.
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Platinum, unwrought or in semi-manufactured form, or in powder form
Platinum : Unwrought or in powder form: Unwrought form
1.5%
1.5%
3%
0%
Description of Goods
Platinum : Unwrought or in powder form: Unwrought form
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
7110 - Platinum, unwrought or in semi-manufactured form, or in powder form
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Synthetic Precious or Semi-Precious Stones – Diamonds does not include products with the following descriptions.
Platinum : Unwrought or in powder form: In powder form
Platinum : Other
Palladium: Unwrought or in powder form
Palladium: Other
Rhodium : Unwrought or in powder from
Rhodium : Other
Iridium, osmium and ruthenium : Unwrought or in powder from
Iridium, osmium and ruthenium : Other
Platinum : Unwrought or in powder form: In powder form
Platinum : Other
Palladium: Unwrought or in powder form
Palladium: Other
Rhodium : Unwrought or in powder from
Rhodium : Other
Iridium, osmium and ruthenium : Unwrought or in powder from
Iridium, osmium and ruthenium : Other
India’s Exports
FY 2024-25₹145 Cr
0.0039% of India’s total exports
India’s Imports
FY 2024-25₹23,253 Cr
0.3827% of India’s total imports
Trade Balance
FY 2024-25−₹23,109 Cr
Surplus rank #12634 of 12657 HSN codes
% of Sub-Chapter 7110
FY 2024-2522.49%
Share of Sub-Chapter 7110’s total exports in FY 2024-25
Import side: 50.22% of Sub-Chapter 7110’s imports
Rank Within Sub-Chapter 7110
FY 2024-25#2 of 9
Position by export value among HSN codes in Sub-Chapter 7110
Import-side rank: #1 of 9
At a glance
37.31%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2196
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,194.82%
Peak Growth Year
FY 2023-24 · strongest single-year move
22.49%
Contribution to Sub-Ch. 7110
Share of Sub-Chapter 7110 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
−380.74
Exports
21.58 ₹ Cr
0.0009% share
— YoY
9.82% of Sub-Ch. 7110
Imports
402.32 ₹ Cr
0.0112% share
— YoY
21.94% of Sub-Ch. 7110
Balance
−394.02
Exports
17.42 ₹ Cr
0.0008% share
−19.28% YoY
10.36% of Sub-Ch. 7110
Imports
411.44 ₹ Cr
0.0123% share
+2.27% YoY
15.94% of Sub-Ch. 7110
Balance
−505.25
Exports
15.51 ₹ Cr
0.0007% share
−10.96% YoY
4.39% of Sub-Ch. 7110
Imports
520.76 ₹ Cr
0.0179% share
+26.57% YoY
13.59% of Sub-Ch. 7110
Balance
−483.31
Exports
64.77 ₹ Cr
0.0021% share
+317.60% YoY
13.51% of Sub-Ch. 7110
Imports
548.08 ₹ Cr
0.0120% share
+5.25% YoY
14.59% of Sub-Ch. 7110
Balance
−397.51
Exports
4.63 ₹ Cr
0.0001% share
−92.85% YoY
6.01% of Sub-Ch. 7110
Imports
402.14 ₹ Cr
0.0070% share
−26.63% YoY
3.27% of Sub-Ch. 7110
Balance
−324.36
Exports
59.95 ₹ Cr
0.0017% share
+1,194.82% YoY
21.37% of Sub-Ch. 7110
Imports
384.31 ₹ Cr
0.0068% share
−4.43% YoY
15.80% of Sub-Ch. 7110
Balance
−23,108.80
Exports
144.63 ₹ Cr
0.0039% share
+141.25% YoY
22.49% of Sub-Ch. 7110
Imports
23,253.43 ₹ Cr
0.3827% share
+5,950.70% YoY
50.22% of Sub-Ch. 7110
CAGR · 7-Year
Exports
37.31% /yr
Imports
96.63% /yr
reference, FY 2024-25
Export
₹642.99 Cr
Import
₹46,307.27 Cr
Trade Balance
−45,664.28
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.
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.
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.
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.
India's imports under HSN Code 71101110 have grown at 96.63% CAGR, reaching ₹23,253.43 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 71101110 and GST compliance.
It includes Reconstructed Precious Stones
Under HSN 71101110, Synthetic Precious or Semi-Precious Stones – Diamonds attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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).
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.