--- title: "HSN Code for Studded with diamonds of heading 7104 | HSN 71131143 GST Rate" description: "Find HSN and GST Rates for 71131143 related to Studded with diamonds of heading 7104 with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71131143/" --- # HSN Code 71131143: Studded with diamonds of heading 7104 - [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 | | --- | --- | --- | --- | --- | | Studded with diamonds of heading 7102 | 3% | 3% | 6% | 0% | ## Frequently asked questions ### What products are classified under HSN 71131143 ? It includes Railway Rails ### Any common misclassification issue with Studded with diamonds of heading 7104? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Studded with diamonds of heading 7104? 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. ### Does packaging or labelling change the GST for Studded with diamonds of heading 7104? 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. ### Can we claim ITC on inputs used to trade Studded with diamonds of heading 7104? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Studded with diamonds of heading 7104 is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Studded with diamonds of heading 7104; Nil for exempt items if applicable). ## India's trade performance: HSN Code 71131143 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4,456 Cr (−54.37% YoY) — 0.1211% of India's total exports - Imports: ₹47 Cr (+3.95% YoY) — 0.0008% of India's total imports - Trade balance: ₹4,408 Cr (Surplus); surplus rank #82 of 12657 HSN codes - Share of Sub-Chapter 7113: 4.19% of its exports; import side 0.22% - Rank within Sub-Chapter 7113: #6 of 30 by export value; import-side #13 ### Key metrics - National export rank: #109 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: −54.37% in FY 2024-25 - Contribution to Sub-Ch. 7113: 4.19% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71131143 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 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | 9,765.07 | 0.2699% | — | 8.90% | 45.56 | 0.0008% | — | 0.17% | +9,719.51 | #39 | | FY 2024-25 | 4,455.60 | 0.1211% | −54.37% | 4.19% | 47.36 | 0.0008% | +3.95% | 0.22% | +4,408.24 | #109 | ## Key trade insights: HSN Code 71131143 export-import analysis ### Export snapshot for HSN Code 71131143 India exported ₹4,455.60 Crore worth of Studded with diamonds of heading 7104 in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71131143 ranked #109 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71131143 ranks #109 out of 12657 HSN codes by total export value. Within Sub-Chapter 7113, it ranks #6 of 30. By trade surplus, it ranks #82 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 71131143 exports The strongest single-year export movement for HSN Code 71131143 was recorded in FY 2024-25, when exports declined by 54.37% over the prior year. ### India maintains a trade surplus of ₹4,408.24 Crore in HSN Code 71131143 goods In FY 2024-25, India's exports of ₹4,455.60 Cr exceeded imports of ₹47.36 Cr, resulting in a trade surplus of ₹4,408.24 Crore — ranking #82 of 12657 by surplus magnitude. ### HSN Code 71131143 contributes 4.19% of Sub-Chapter 7113 exports — ranked #6 Among the 30 HSN codes under Sub-Chapter 7113, HSN Code 71131143 ranks #6 by export value — accounting for 4.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.22% share (rank #13). ## 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 (this hsn code) | ₹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 |