HSN Code 71131923 represents Studded with diamonds of heading 7104 under GST classification. This code helps businesses identify Studded with diamonds of heading 7104 correctly for billing, taxation, and trade. With HSN Code 71131923, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Studded with diamonds of heading 7104.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 71131923 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
Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
Studded with diamonds of heading 7102
3%
3%
6%
0%
Description of Goods
Studded with diamonds of heading 7102
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
7113 - Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
CGST
3%
SGST
3%
IGST
6%
CESS
0%
Studded with diamonds of heading 7104 does not include products with the following descriptions.
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
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 studded with gems
Of precious metal whether or not plated or clad with precious metal: Of silver, whether or not plated or clad with other precious metal: Other articles of Jewellery
Unstudded
Studded with pearls
Studded with diamonds of heading 7102
Studded with diamonds of heading 7104
Studded with other precious and semi-precious stones
Other
Of precious metal whether or not plated or clad with precious metal: Of silver, whether or not plated or clad with other precious metal: Parts
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, unstudded
Unstudded
Studded with pearls
Studded with diamonds of heading 7102
Studded with diamonds of heading 7104
Studded with other precious and semi-precious stones
Other
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, set with pearls
Unstudded
Studded with pearls
Studded with diamonds of heading 7104
Studded with other precious and semi-precious stones
Other
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, set with diamonds
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, set with other precious and semi-precious stones
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal :Of platinum, unstudded
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Parts
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Other
Of base metal clad with precious metal
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
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 studded with gems
Of precious metal whether or not plated or clad with precious metal: Of silver, whether or not plated or clad with other precious metal: Other articles of Jewellery
Unstudded
Studded with pearls
Studded with diamonds of heading 7102
Studded with diamonds of heading 7104
Studded with other precious and semi-precious stones
Other
Of precious metal whether or not plated or clad with precious metal: Of silver, whether or not plated or clad with other precious metal: Parts
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, unstudded
Unstudded
Studded with pearls
Studded with diamonds of heading 7102
Studded with diamonds of heading 7104
Studded with other precious and semi-precious stones
Other
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, set with pearls
Unstudded
Studded with pearls
Studded with diamonds of heading 7104
Studded with other precious and semi-precious stones
Other
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, set with diamonds
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Of gold, set with other precious and semi-precious stones
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal :Of platinum, unstudded
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Parts
Of precious metal whether or not plated or clad with precious metal: Of other precious metal, whether or not plated or clad with precious metal : Other
Of base metal clad with precious metal
India’s Exports
FY 2024-25₹1,127 Cr
0.0306% of India’s total exports
India’s Imports
FY 2024-25₹257 Cr
0.0042% of India’s total imports
Trade Balance
FY 2024-25₹870 Cr
Surplus rank #394 of 12657 HSN codes
% of Sub-Chapter 7113
FY 2024-251.06%
Share of Sub-Chapter 7113’s total exports in FY 2024-25
Import side: 1.20% of Sub-Chapter 7113’s imports
Rank Within Sub-Chapter 7113
FY 2024-25#8 of 30
Position by export value among HSN codes in Sub-Chapter 7113
Import-side rank: #9 of 30
At a glance
#467
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+5.25%
Peak Growth Year
FY 2024-25 · strongest single-year move
1.06%
Contribution to Sub-Ch. 7113
Share of Sub-Chapter 7113 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
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7113
Balance
+881.31
Exports
1,070.70 ₹ Cr
0.0296% share
— YoY
0.98% of Sub-Ch. 7113
Imports
189.39 ₹ Cr
0.0034% share
— YoY
0.70% of Sub-Ch. 7113
Balance
+870.45
Exports
1,126.95 ₹ Cr
0.0306% share
+5.25% YoY
1.06% of Sub-Ch. 7113
Imports
256.50 ₹ Cr
0.0042% share
+35.43% YoY
1.20% of Sub-Ch. 7113
reference, FY 2024-25
Export
₹1,06,341.19 Cr
Import
₹21,416.31 Cr
Trade Balance
+84,924.88
India exported ₹1,126.95 Crore worth of Studded with diamonds of heading 7104 in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
In FY 2024-25, HSN Code 71131923 ranks #467 out of 12657 HSN codes by total export value. Within Sub-Chapter 7113, it ranks #8 of 30. By trade surplus, it ranks #394 of 12657.
The strongest single-year export movement for HSN Code 71131923 was recorded in FY 2024-25, when exports surged by 5.25% over the prior year.
In FY 2024-25, India's exports of ₹1,126.95 Cr exceeded imports of ₹256.50 Cr, resulting in a trade surplus of ₹870.45 Crore — ranking #394 of 12657 by surplus magnitude.
Among the 30 HSN codes under Sub-Chapter 7113, HSN Code 71131923 ranks #8 by export value — accounting for 1.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.20% share (rank #9).
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 71131923 and GST compliance.
It includes Non-Galvanized Iron Oil/Gas Pipelines
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).
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.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 71131923, Studded with diamonds of heading 7104 attracts Varies when sold in taxable form. Describe the exact form on the invoice.