HSN Code 71101120 represents Synthetic Precious Stones of Other Types under GST classification. This code helps businesses identify Synthetic Precious Stones of Other Types correctly for billing, taxation, and trade. With HSN Code 71101120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Synthetic Precious Stones of Other Types.
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HSN Code 71101120 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: In powder form
1.5%
1.5%
3%
0%
Description of Goods
Platinum : Unwrought or in powder form: In powder 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 Stones of Other Types does not include products with the following descriptions.
Platinum : Unwrought or in powder form: Unwrought 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: Unwrought 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< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹103 Cr
0.0017% of India’s total imports
Trade Balance
FY 2024-25−₹102 Cr
Surplus rank #10813 of 12657 HSN codes
% of Sub-Chapter 7110
FY 2024-250.14%
Share of Sub-Chapter 7110’s total exports in FY 2024-25
Import side: 0.22% of Sub-Chapter 7110’s imports
Rank Within Sub-Chapter 7110
FY 2024-25#9 of 9
Position by export value among HSN codes in Sub-Chapter 7110
Import-side rank: #4 of 9
At a glance
49.69%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8346
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+164.29%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.14%
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
−115.22
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.04% of Sub-Ch. 7110
Imports
115.30 ₹ Cr
0.0032% share
— YoY
6.29% of Sub-Ch. 7110
Balance
−145.14
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7110
Imports
145.14 ₹ Cr
0.0043% share
+25.88% YoY
5.62% of Sub-Ch. 7110
Balance
−153.57
Exports
15.11 ₹ Cr
0.0007% share
— YoY
4.27% of Sub-Ch. 7110
Imports
168.68 ₹ Cr
0.0058% share
+16.22% YoY
4.40% of Sub-Ch. 7110
Balance
−132.87
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−97.95% YoY
0.06% of Sub-Ch. 7110
Imports
133.18 ₹ Cr
0.0029% share
−21.05% YoY
3.55% of Sub-Ch. 7110
Balance
−61.93
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+80.65% YoY
0.73% of Sub-Ch. 7110
Imports
62.49 ₹ Cr
0.0011% share
−53.08% YoY
0.51% of Sub-Ch. 7110
Balance
−62.23
Exports
1.48 ₹ Cr
0.0000% share
+164.29% YoY
0.53% of Sub-Ch. 7110
Imports
63.71 ₹ Cr
0.0011% share
+1.95% YoY
2.62% of Sub-Ch. 7110
Balance
−102.32
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−39.19% YoY
0.14% of Sub-Ch. 7110
Imports
103.22 ₹ Cr
0.0017% share
+62.02% YoY
0.22% of Sub-Ch. 7110
CAGR · 7-Year
Exports
49.69% /yr
Imports
−1.83% /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 71101120 have grown at a compound annual rate of 49.69% over 7 fiscal years, rising from ₹0.08 Crore in FY 2018-19 to ₹0.90 Crore in FY 2024-25.
In FY 2024-25, HSN Code 71101120 ranks #8346 out of 12657 HSN codes by total export value. Within Sub-Chapter 7110, it ranks #9 of 9. By trade surplus, it ranks #10813 of 12657.
The strongest single-year export movement for HSN Code 71101120 was recorded in FY 2023-24, when exports surged by 164.29% over the prior year.
In FY 2024-25, India's imports of ₹103.22 Cr exceeded exports of ₹0.90 Cr, resulting in a trade deficit of ₹102.32 Crore — ranking #10813 of 12657 by surplus magnitude.
India's imports under HSN Code 71101120 have grown at −1.83% CAGR, reaching ₹103.22 Crore in FY 2024-25.
Among the 9 HSN codes under Sub-Chapter 7110, HSN Code 71101120 ranks #9 by export value — accounting for 0.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.22% share (rank #4).
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 71101120 and GST compliance.
It includes Other Reconstructed Stones
Under HSN 71101120, Synthetic Precious Stones of Other Types attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Synthetic Precious Stones of Other Types; 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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.