7102 HSN Code: Unworked Diamonds

HSN Sub Chapter 7102 represents Unworked Diamonds under GST classification. This code helps businesses identify Unworked Diamonds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7102, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Unworked Diamonds.

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New GST Rate for HSN Code 7102

GST Rate for Unworked Diamonds under HSN Code 7102. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7102

HSN Description

Diamonds, whether or not worked, but not mounted or set

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 7102

Following tariff HSN codes fall under Unworked Diamonds.

Tariff HSN

71021000

Description

Unsorted

Tariff HSN

71022110

Description

Industrial : Unworked or simply sawn, cleaved or bruted: Sorted

Tariff HSN

71022120

Description

Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted

Tariff HSN

71022910

Description

Industrial : Other : Crushed

Tariff HSN

71022910

Description

Industrial : Other : Crushed (other than those specified in .125% rate entry )

Tariff HSN

71022990

Description

Industrial : Other : Other

Tariff HSN

71022990

Description

Industrial : Other : Other (other than those specified in .125% rate entry )

Tariff HSN

71023100

Description

Non-industrial : Unworked or simply sawn, cleaved or bruted

Tariff HSN

71023910

Description

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set

Tariff HSN

71023910

Description

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )

Tariff HSN

71023990

Description

Non-industrial : Others : Other

Tariff HSN

71023990

Description

Non-industrial : Others : Other (other than those specified in .125% rate entry )

India’s Trade Performance — HSN Sub-Chapter 7102 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹1,16,388 Cr

−16.56% vs FY 2023-24

3.1427% of India’s total exports

India’s Imports

FY 2024-25

₹1,37,057 Cr

−23.31% vs FY 2023-24

2.2475% of India’s total imports

Trade Balance

FY 2024-25

−₹20,669 Cr

Trade Deficit

Surplus rank #1183 of 1233 subchapters

% of Chapter 71

FY 2024-25

45.89%

Share of Chapter 71’s total exports in FY 2024-25

Import side: 18.22% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#1 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #2 of 18

At a glance

−6.64%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+50.50%

Peak Growth Year

FY 2021-22 · strongest single-year move

45.89%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7102

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #2

Balance

−1,976.19

Exports

1,75,787.45 ₹ Cr

7.6584% share

— YoY

62.16% of Ch. 71

Imports

1,77,763.64 ₹ Cr

4.9502% share

— YoY

39.37% of Ch. 71

FY 2019-20 Exp. Rank #2

Balance

−8,541.13

Exports

1,40,012.95 ₹ Cr

6.3391% share

−20.35% YoY

54.81% of Ch. 71

Imports

1,48,554.08 ₹ Cr

4.4283% share

−16.43% YoY

38.57% of Ch. 71

FY 2020-21 Exp. Rank #3

Balance

−2,357.96

Exports

1,25,803.39 ₹ Cr

5.8490% share

−10.15% YoY

65.19% of Ch. 71

Imports

1,28,161.35 ₹ Cr

4.3983% share

−13.73% YoY

31.56% of Ch. 71

FY 2021-22 Exp. Rank #2

Balance

−16,016.47

Exports

1,89,335.09 ₹ Cr

6.0331% share

+50.50% YoY

64.68% of Ch. 71

Imports

2,05,351.56 ₹ Cr

4.4929% share

+60.23% YoY

33.73% of Ch. 71

FY 2022-23 Exp. Rank #2

Balance

−23,767.02

Exports

1,83,697.26 ₹ Cr

5.0735% share

−2.98% YoY

60.08% of Ch. 71

Imports

2,07,464.28 ₹ Cr

3.6083% share

+1.03% YoY

35.01% of Ch. 71

FY 2023-24 Exp. Rank #4

Balance

−39,222.34

Exports

1,39,484.16 ₹ Cr

3.8551% share

−24.07% YoY

51.26% of Ch. 71

Imports

1,78,706.50 ₹ Cr

3.1822% share

−13.86% YoY

27.49% of Ch. 71

FY 2024-25 Exp. Rank #4

Balance

−20,668.96

Exports

1,16,388.01 ₹ Cr

3.1427% share

−16.56% YoY

45.89% of Ch. 71

Imports

1,37,056.97 ₹ Cr

2.2475% share

−23.31% YoY

18.22% of Ch. 71

CAGR · 7-Year

Exports

−6.64% /yr

Imports

−4.24% /yr

Consistently Deficit
Chapter 71 total

reference, FY 2024-25

Export

₹2,53,600.88 Cr

Import

₹7,52,091.61 Cr

Trade Balance

−4,98,490.73

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 7102 Export-Import Analysis

Export Decline: −6.64% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7102 have declined at a compound annual rate of −6.64% over 7 fiscal years, falling from ₹1,75,787.45 Crore in FY 2018-19 to ₹1,16,388.01 Crore in FY 2024-25.

HSN Sub-Chapter 7102 Ranked #4 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7102 ranks #4 out of 1233 subchapters by total export value. Within Chapter 71, it ranks #1 of 18. By trade surplus, it ranks #1183 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7102 Exports

The strongest single-year export movement for HSN Sub-Chapter 7102 was recorded in FY 2021-22, when exports surged by 50.50% over the prior year.

India Records a Trade Deficit of ₹20,668.96 Crore in HSN Sub-Chapter 7102 Goods

In FY 2024-25, India's imports of ₹1,37,056.97 Cr exceeded exports of ₹1,16,388.01 Cr, resulting in a trade deficit of ₹20,668.96 Crore — ranking #1183 of 1233 by surplus magnitude.

Import Growth of −4.24% CAGR Signals Stable Import Dependency for Unworked Diamonds

India's imports under HSN Sub-Chapter 7102 have grown at −4.24% CAGR, reaching ₹1,37,056.97 Crore in FY 2024-25.

HSN Sub-Chapter 7102 Contributes 45.89% of Chapter 71 Exports — Ranked #1

Among the 18 subchapters under Chapter 71, HSN Sub-Chapter 7102 ranks #1 by export value — accounting for 45.89% of the chapter's total exports in FY 2024-25. On the import side, it holds 18.22% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7102 and GST compliance.

What products are classified under HSN 7102

It includes Unworked Diamonds

What should my invoice and records include for Unworked Diamonds?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

How should I document Unworked Diamonds sent for job work?

Use a delivery challan for sending Unworked Diamonds to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

Does MRP, weight or pack size change GST treatment for Unworked Diamonds?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

Do spares or accessories of Unworked Diamonds follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Can reverse charge ever apply to transactions involving Unworked Diamonds?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Unworked Diamonds are forward charge. Check the current notifications for any special cases before deciding.

Any import/export nuance for Unworked Diamonds?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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