---
title: "7103 HSN Code | HSN Code for Reconstructed precious stone in India"
description: "Know more about 7103 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7103 covering Reconstructed precious stone."
canonical: "https://busy.in/hsn/sub-chapter-7103/"
---

# HSN Sub-chapter 7103: Reconstructed precious stone

Synthetic or reconstructed precious or semiprecious stones [other than diamonds], whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semiprecious stones [other than diamonds], temporarily strung for convenience of transport; synthetic or reconstructed diamonds, unworked or simply sawn or roughly shaped"

Part of [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/).

- Current GST rate: 3%
- Earlier GST rate: 3%

## HSN codes

| Code | Title |
| --- | --- |
| 71031011 | [Unworked/Rough Other Precious Stones](https://busy.in/hsn/hsn-71031011/) |
| 71031012 | [Unworked/Rough Feldspar (Moon Stone)](https://busy.in/hsn/hsn-71031012/) |
| 71031019 | [Unworked/Rough Garnet](https://busy.in/hsn/hsn-71031019/) |
| 71031021 | [Unworked/Rough Agate](https://busy.in/hsn/hsn-71031021/) |
| 71031022 | [Unworked/Rough Green Aventurine](https://busy.in/hsn/hsn-71031022/) |
| 71031023 | [Unworked/Rough Other Semi-Precious Stones](https://busy.in/hsn/hsn-71031023/) |
| 71031024 | [Worked Ruby, Sapphire & Emeralds](https://busy.in/hsn/hsn-71031024/) |
| 71031029 | [Worked Feldspar (Moon Stone)](https://busy.in/hsn/hsn-71031029/) |
| 71031031 | [Synthetic Precious Stones – Diamonds](https://busy.in/hsn/hsn-71031031/) |
| 71031032 | [Synthetic Precious Stones – Rubies and Sapphires](https://busy.in/hsn/hsn-71031032/) |
| 71031033 | [Synthetic Precious Stones – Emeralds](https://busy.in/hsn/hsn-71031033/) |
| 71031034 | [Synthetic Precious Stones – Zirconium](https://busy.in/hsn/hsn-71031034/) |
| 71031039 | [Synthetic Precious Stones – Other Types](https://busy.in/hsn/hsn-71031039/) |
| 71031041 | [Cultured Pearls – Imitation](https://busy.in/hsn/hsn-71031041/) |
| 71031042 | [Imitation Precious Stones – Diamonds](https://busy.in/hsn/hsn-71031042/) |
| 71031043 | [Imitation Precious Stones – Rubies and Sapphires](https://busy.in/hsn/hsn-71031043/) |
| 71031049 | [Imitation Precious Stones – Other Types](https://busy.in/hsn/hsn-71031049/) |
| 71031051 | [Precious Metals – Unwrought or Semi-Manufactured](https://busy.in/hsn/hsn-71031051/) |
| 71031052 | [Precious Metal Powders and Waste](https://busy.in/hsn/hsn-71031052/) |
| 71031059 | [Articles Made of Precious Metals](https://busy.in/hsn/hsn-71031059/) |
| 71031061 | [Precious Metal Coated Base Metal Articles](https://busy.in/hsn/hsn-71031061/) |
| 71031062 | [Imitation Jewelry Mainly of Precious Metals](https://busy.in/hsn/hsn-71031062/) |
| 71031063 | [Goldsmiths' and Silversmiths' Wares](https://busy.in/hsn/hsn-71031063/) |
| 71031064 | [Articles of Gold and Silver Clad Base Metals](https://busy.in/hsn/hsn-71031064/) |
| 71031069 | [Other Articles of Precious Metals](https://busy.in/hsn/hsn-71031069/) |
| 71031071 | [Imitation Jewellery Mainly of Base Metals](https://busy.in/hsn/hsn-71031071/) |
| 71031072 | [Imitation Jewellery of Base Metals and Pearls](https://busy.in/hsn/hsn-71031072/) |
| 71031079 | [Other Imitation Jewellery](https://busy.in/hsn/hsn-71031079/) |
| 71031090 | [Other Articles of Base Metals](https://busy.in/hsn/hsn-71031090/) |
| 71039100 | [Worked Garnet](https://busy.in/hsn/hsn-71039100/) |
| 71039110 | [Precious Metal Parts for Jewellery](https://busy.in/hsn/hsn-71039110/) |
| 71039120 | [Base Metal Parts for Jewellery](https://busy.in/hsn/hsn-71039120/) |
| 71039130 | [Other Parts for Jewellery](https://busy.in/hsn/hsn-71039130/) |
| 71039910 | [Worked Agate](https://busy.in/hsn/hsn-71039910/) |
| 71039911 | [Precious Metal Foil and Leaf](https://busy.in/hsn/hsn-71039911/) |
| 71039912 | [Precious Metal Powder](https://busy.in/hsn/hsn-71039912/) |
| 71039913 | [Precious Metal Waste and Scrap](https://busy.in/hsn/hsn-71039913/) |
| 71039919 | [Other Articles of Precious Metals](https://busy.in/hsn/hsn-71039919/) |
| 71039920 | [Worked Chalcedony](https://busy.in/hsn/hsn-71039920/) |
| 71039921 | [Base Metal Foil and Leaf](https://busy.in/hsn/hsn-71039921/) |
| 71039929 | [Base Metal Powder and Waste](https://busy.in/hsn/hsn-71039929/) |
| 71039930 | [Unworked/Rough Synthetic/Reconstructed Stones (Other)](https://busy.in/hsn/hsn-71039930/) |
| 71039931 | [Articles of Base Metal Mainly Covered with Precious Metal](https://busy.in/hsn/hsn-71039931/) |
| 71039932 | [Articles of Base Metals Mainly Covered with Base Metal](https://busy.in/hsn/hsn-71039932/) |
| 71039939 | [Other Articles of Base Metals](https://busy.in/hsn/hsn-71039939/) |
| 71039940 | [Laboratory-Created/Grown Diamonds](https://busy.in/hsn/hsn-71039940/) |
| 71039941 | [Imitation Jewellery Mainly of Base Metals and Pearls](https://busy.in/hsn/hsn-71039941/) |
| 71039942 | [Imitation Jewellery Mostly of Precious Metals](https://busy.in/hsn/hsn-71039942/) |
| 71039943 | [Other Imitation Jewellery](https://busy.in/hsn/hsn-71039943/) |
| 71039944 | [Other Articles Mainly of Base Metals](https://busy.in/hsn/hsn-71039944/) |
| 71039949 | [Prehnite & Quartz Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039949/) |
| 71039951 | [Tourmaline & Zoisite Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039951/) |
| 71039952 | [Tanzanite Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039952/) |
| 71039959 | [Other Tourmaline & Zoisite Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039959/) |
| 71039990 | [Other Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71039990/) |

## Frequently asked questions

### What products are classified under HSN 7103

It includes Reconstructed precious stone

### What should my invoice and records include for Reconstructed precious stone?

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.

### Is the composition scheme suitable if I mainly trade Reconstructed precious stone?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

### What misclassification mistakes happen with Reconstructed precious stone?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

### Do spares or accessories of Reconstructed precious stone 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.

### Does MRP, weight or pack size change GST treatment for Reconstructed precious stone?

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.

## India's trade performance: HSN Sub-Chapter 7103 (FY 2024-25)

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

- Exports: ₹3,934 Cr (−8.86% YoY) — 0.1062% of India's total exports
- Imports: ₹6,124 Cr (+0.69% YoY) — 0.1004% of India's total imports
- Trade balance: −₹2,190 Cr (Deficit); surplus rank #1040 of 1233 sub-chapters
- Share of Chapter 71: 1.55% of its exports; import side 0.81%
- Rank within Chapter 71: #6 of 18 by export value; import-side #7

### Key metrics

- Export CAGR: 0.42% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #159 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +112.10% in FY 2021-22
- Contribution to Ch. 71: 1.55% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7103

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 Ch. 71 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 71 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 3,835.35 | 0.1671% | — | 1.36% | 8,515.09 | 0.2371% | — | 1.89% | −4,679.74 | #115 |
| FY 2019-20 | 3,004.09 | 0.1360% | −21.67% | 1.18% | 6,586.28 | 0.1963% | −22.65% | 1.71% | −3,582.19 | #135 |
| FY 2020-21 | 2,925.91 | 0.1360% | −2.60% | 1.52% | 5,603.87 | 0.1923% | −14.92% | 1.38% | −2,677.96 | #142 |
| FY 2021-22 | 6,205.82 | 0.1977% | +112.10% | 2.12% | 14,559.17 | 0.3185% | +159.81% | 2.39% | −8,353.35 | #91 |
| FY 2022-23 | 3,837.26 | 0.1060% | −38.17% | 1.26% | 26,190.02 | 0.4555% | +79.89% | 4.42% | −22,352.76 | #154 |
| FY 2023-24 | 4,316.62 | 0.1193% | +12.49% | 1.59% | 6,081.69 | 0.1083% | −76.78% | 0.94% | −1,765.07 | #147 |
| FY 2024-25 | 3,934.04 | 0.1062% | −8.86% | 1.55% | 6,123.93 | 0.1004% | +0.69% | 0.81% | −2,189.89 | #159 |

- CAGR (7-year): exports 0.42%/yr, imports -5.35%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7103 export-import analysis

### Consistent export growth: 0.42% CAGR over 7 years

India's exports under HSN Sub-Chapter 7103 have grown at a compound annual rate of 0.42% over 7 fiscal years, rising from ₹3,835.35 Crore in FY 2018-19 to ₹3,934.04 Crore in FY 2024-25.

### HSN Sub-Chapter 7103 ranked #159 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7103 ranks #159 out of 1233 sub-chapters by total export value. Within Chapter 71, it ranks #6 of 18. By trade surplus, it ranks #1040 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7103 exports

The strongest single-year export movement for HSN Sub-Chapter 7103 was recorded in FY 2021-22, when exports surged by 112.10% over the prior year.

### India records a trade deficit of ₹2,189.89 Crore in HSN Sub-Chapter 7103 goods

In FY 2024-25, India's imports of ₹6,123.93 Cr exceeded exports of ₹3,934.04 Cr, resulting in a trade deficit of ₹2,189.89 Crore — ranking #1040 of 1233 by surplus magnitude.

### Import growth of -5.35% CAGR signals stable import dependency for Reconstructed precious stone

India's imports under HSN Sub-Chapter 7103 have grown at -5.35% CAGR, reaching ₹6,123.93 Crore in FY 2024-25.

### HSN Sub-Chapter 7103 contributes 1.55% of Chapter 71 exports — ranked #6

Among the 18 sub-chapters under Chapter 71, HSN Sub-Chapter 7103 ranks #6 by export value — accounting for 1.55% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.81% share (rank #7).

## Related Sub-Chapters in Chapter 71

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7102: Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) | ₹1,16,388 Cr |
| #2 | [HSN Sub-Chapter 7113: Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) | ₹1,06,341 Cr |
| #3 | [HSN Sub-Chapter 7104: Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) | ₹11,448 Cr |
| #4 | [HSN Sub-Chapter 7108: Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) | ₹7,854 Cr |
| #5 | [HSN Sub-Chapter 7106: Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) | ₹4,029 Cr |
| #6 | HSN Sub-Chapter 7103: Reconstructed precious stone (this hsn sub-chapter) | ₹3,934 Cr |
| #7 | [HSN Sub-Chapter 7117: Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) | ₹1,154 Cr |
| #8 | [HSN Sub-Chapter 7112: Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) | ₹1,000 Cr |
| #9 | [HSN Sub-Chapter 7110: Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) | ₹643 Cr |
| #10 | [HSN Sub-Chapter 7116: Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) | ₹344 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7101 | [Natural Pearls](https://busy.in/hsn/sub-chapter-7101/) |
| 7102 | [Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) |
| 7104 | [Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) |
| 7105 | [Precious stone dust](https://busy.in/hsn/sub-chapter-7105/) |
| 7106 | [Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) |
| 7107 | [Silver-clad metals](https://busy.in/hsn/sub-chapter-7107/) |
| 7108 | [Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) |
| 7109 | [Unprocessed staple fibres](https://busy.in/hsn/sub-chapter-7109/) |
| 7110 | [Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) |
| 7111 | [Platinum-clad metals](https://busy.in/hsn/sub-chapter-7111/) |
| 7112 | [Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) |
| 7113 | [Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) |
| 7114 | [Precious metal articles & wares](https://busy.in/hsn/sub-chapter-7114/) |
| 7115 | [Precious Metal Items](https://busy.in/hsn/sub-chapter-7115/) |
| 7116 | [Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) |
| 7117 | [Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) |
| 7118 | [Coin](https://busy.in/hsn/sub-chapter-7118/) |