---
title: "HSN Code for Cut and Polished Diamonds | HSN 71131110 GST Rate"
description: "Find HSN and GST Rates for 71131110 related to Cut and Polished Diamonds with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-71131110/"
---

# HSN Code 71131110: Cut and Polished 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 7113: Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Of precious metal whether or not plated or clad with precious metal: Of silver, whether or not plated or clad with other precious metal: Jewellery with filigree work | 1.5% | 1.5% | 3% | 0% |

## Frequently asked questions

### What products are classified under HSN 71131110 ?

It includes Other Diamonds

### How should mixed supplies be billed when Cut and Polished Diamonds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cut and Polished Diamonds; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Cut and Polished 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.

### Any common misclassification issue with Cut and Polished 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 much GST applies to Cut and Polished Diamonds?

Under HSN 71131110, Cut and Polished Diamonds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Cut and Polished 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.

## India's trade performance: HSN Code 71131110 (FY 2024-25)

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

- Exports: ₹2 Cr (−91.82% YoY) — 0.0000% of India's total exports
- Imports: ₹18 Cr (−32.75% YoY) — 0.0003% of India's total imports
- Trade balance: −₹16 Cr (Deficit); surplus rank #9409 of 12657 HSN codes
- Share of Sub-Chapter 7113: 0.00% of its exports; import side 0.08%
- Rank within Sub-Chapter 7113: #21 of 30 by export value; import-side #17

### Key metrics

- Export CAGR: -36.96% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7786 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +258.85% in FY 2022-23
- Contribution to Sub-Ch. 7113: 0.00% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 71131110

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. 7113 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7113 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 25.81 | 0.0011% | — | 0.03% | 12.31 | 0.0003% | — | 0.28% | +13.50 | #3767 |
| FY 2019-20 | 49.72 | 0.0023% | +92.64% | 0.05% | 7.55 | 0.0002% | −38.67% | 0.17% | +42.17 | #2877 |
| FY 2020-21 | 40.82 | 0.0019% | −17.90% | 0.08% | 4.26 | 0.0001% | −43.58% | 0.20% | +36.56 | #3231 |
| FY 2021-22 | 23.06 | 0.0007% | −43.51% | 0.03% | 8.02 | 0.0002% | +88.26% | 0.17% | +15.04 | #4410 |
| FY 2022-23 | 82.75 | 0.0023% | +258.85% | 0.08% | 12.01 | 0.0002% | +49.75% | 0.13% | +70.74 | #2802 |
| FY 2023-24 | 19.80 | 0.0005% | −76.07% | 0.02% | 26.29 | 0.0005% | +118.90% | 0.10% | −6.49 | #4791 |
| FY 2024-25 | 1.62 | 0.0000% | −91.82% | 0.00% | 17.68 | 0.0003% | −32.75% | 0.08% | −16.06 | #7786 |

- CAGR (7-year): exports -36.96%/yr, imports 6.22%/yr (consistently Deficit)

## Key trade insights: HSN Code 71131110 export-import analysis

### Export decline: -36.96% CAGR over 7 years

India's exports under HSN Code 71131110 have declined at a compound annual rate of -36.96% over 7 fiscal years, falling from ₹25.81 Crore in FY 2018-19 to ₹1.62 Crore in FY 2024-25.

### HSN Code 71131110 ranked #7786 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 71131110 ranks #7786 out of 12657 HSN codes by total export value. Within Sub-Chapter 7113, it ranks #21 of 30. By trade surplus, it ranks #9409 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 71131110 exports

The strongest single-year export movement for HSN Code 71131110 was recorded in FY 2022-23, when exports surged by 258.85% over the prior year.

### India records a trade deficit of ₹16.06 Crore in HSN Code 71131110 goods

In FY 2024-25, India's imports of ₹17.68 Cr exceeded exports of ₹1.62 Cr, resulting in a trade deficit of ₹16.06 Crore — ranking #9409 of 12657 by surplus magnitude.

### Import growth of 6.22% CAGR signals stable import dependency for Cut and Polished Diamonds

India's imports under HSN Code 71131110 have grown at 6.22% CAGR, reaching ₹17.68 Crore in FY 2024-25.

### HSN Code 71131110 contributes 0.00% of Sub-Chapter 7113 exports — ranked #21

Among the 30 HSN codes under Sub-Chapter 7113, HSN Code 71131110 ranks #21 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #17).

## Related HSN Codes in Sub-Chapter 7113

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 71131911: Studded with pearls](https://busy.in/hsn/hsn-71131911/) | ₹42,292 Cr |
| #2 | [HSN Code 71131913: Studded with diamonds of heading 7104](https://busy.in/hsn/hsn-71131913/) | ₹27,886 Cr |
| #3 | [HSN Code 71131914: Studded with other precious and semi-precious stones](https://busy.in/hsn/hsn-71131914/) | ₹9,272 Cr |
| #4 | [HSN Code 71131915: Gold jew. studded other](https://busy.in/hsn/hsn-71131915/) | ₹7,966 Cr |
| #5 | [HSN Code 71131919: Unstudded](https://busy.in/hsn/hsn-71131919/) | ₹7,945 Cr |
| #6 | [HSN Code 71131143: Studded with diamonds of heading 7104](https://busy.in/hsn/hsn-71131143/) | ₹4,456 Cr |
| #7 | [HSN Code 71131145: Silver jewellery, stone-studded](https://busy.in/hsn/hsn-71131145/) | ₹1,140 Cr |
| #8 | [HSN Code 71131923: Studded with diamonds of heading 7104](https://busy.in/hsn/hsn-71131923/) | ₹1,127 Cr |
| #9 | [HSN Code 71131149: Unstudded](https://busy.in/hsn/hsn-71131149/) | ₹1,083 Cr |
| #10 | [HSN Code 71131141: Studded with pearls](https://busy.in/hsn/hsn-71131141/) | ₹842 Cr |
| #21 | HSN Code 71131110: Cut and Polished Diamonds (this hsn code) | ₹2 Cr |