--- title: "HSN Code for Synthetic Precious Stones of Other Types | HSN 71101120 GST Rate" description: "Find HSN and GST Rates for 71101120 related to Synthetic Precious Stones of Other Types with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71101120/" --- # HSN Code 71101120: Synthetic Precious Stones of Other Types - [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: In powder form | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71101120 ? It includes Other Reconstructed Stones ### How much GST applies to Synthetic Precious Stones of Other Types? Under HSN 71101120, Synthetic Precious Stones of Other Types attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Synthetic Precious Stones of Other Types is sold with other items? 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). ### Do e‑way bill and e‑invoice apply for Synthetic Precious Stones of Other Types? 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. ### Any common misclassification issue with Synthetic Precious Stones of Other Types? 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 Synthetic Precious Stones of Other Types? 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. ## India's trade performance: HSN Code 71101120 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−39.19% YoY) — 0.0000% of India's total exports - Imports: ₹103 Cr (+62.02% YoY) — 0.0017% of India's total imports - Trade balance: −₹102 Cr (Deficit); surplus rank #10813 of 12657 HSN codes - Share of Sub-Chapter 7110: 0.14% of its exports; import side 0.22% - Rank within Sub-Chapter 7110: #9 of 9 by export value; import-side #4 ### Key metrics - Export CAGR: 49.69% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8346 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +164.29% in FY 2023-24 - Contribution to Sub-Ch. 7110: 0.14% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71101120 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 | < ₹1 Crore | 0.0000% | — | 0.04% | 115.30 | 0.0032% | — | 6.29% | −115.22 | #9301 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | 145.14 | 0.0043% | +25.88% | 5.62% | −145.14 | — | | FY 2020-21 | 15.11 | 0.0007% | — | 4.27% | 168.68 | 0.0058% | +16.22% | 4.40% | −153.57 | #4567 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −97.95% | 0.06% | 133.18 | 0.0029% | −21.05% | 3.55% | −132.87 | #8922 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +80.65% | 0.73% | 62.49 | 0.0011% | −53.08% | 0.51% | −61.93 | #8594 | | FY 2023-24 | 1.48 | 0.0000% | +164.29% | 0.53% | 63.71 | 0.0011% | +1.95% | 2.62% | −62.23 | #7869 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −39.19% | 0.14% | 103.22 | 0.0017% | +62.02% | 0.22% | −102.32 | #8346 | - CAGR (7-year): exports 49.69%/yr, imports -1.83%/yr (consistently Deficit) ## Key trade insights: HSN Code 71101120 export-import analysis ### Consistent export growth: 49.69% CAGR over 7 years 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. ### HSN Code 71101120 ranked #8346 among all 12657 HSN codes by export value 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. ### FY 2023-24 was the strongest growth year for HSN Code 71101120 exports 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. ### India records a trade deficit of ₹102.32 Crore in HSN Code 71101120 goods 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. ### Import growth of -1.83% CAGR signals stable import dependency for Synthetic Precious Stones of Other Types India's imports under HSN Code 71101120 have grown at -1.83% CAGR, reaching ₹103.22 Crore in FY 2024-25. ### HSN Code 71101120 contributes 0.14% of Sub-Chapter 7110 exports — ranked #9 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). ## 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](https://busy.in/hsn/hsn-71101110/) | ₹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 (this hsn code) | < ₹1 Crore |