7103 HSN Code: Reconstructed precious stone

HSN Sub Chapter 7103 represents Reconstructed precious stone under GST classification. This code helps businesses identify Reconstructed precious stone correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7103, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Reconstructed precious stone.

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New GST Rate for HSN Code 7103

GST Rate for Reconstructed precious stone under HSN Code 7103. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7103

HSN Description

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"

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7103

Following tariff HSN codes fall under Reconstructed precious stone.

Tariff HSN

71031011

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: emerald

Tariff HSN

71031012

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: ruby and sapphire

Tariff HSN

71031019

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: other

Tariff HSN

71031021

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: feldspar (moon stone)

Tariff HSN

71031022

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: garnet

Tariff HSN

71031023

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: agate

Tariff HSN

71031024

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: green aventurine

Tariff HSN

71031029

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: other

Tariff HSN

71031031

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Emerald

Tariff HSN

71031032

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Yellow/golden/pink/red/green beryl

Tariff HSN

71031033

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Chrysoberyl (including chrysoberyl cat’s eye)

Tariff HSN

71031034

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Alexandrite (including alexandrite cat’s eye)

Tariff HSN

71031039

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species: : Other

Tariff HSN

71031041

Description

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: Ruby

Tariff HSN

71031042

Description

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: Sapphire

Tariff HSN

71031043

Description

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: moonstone

Tariff HSN

71031049

Description

Unworked or simply sawn or roughly shaped:Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species: Other

Tariff HSN

71031051

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Garnet

Tariff HSN

71031052

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Lapis-lazuli

Tariff HSN

71031059

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Other

Tariff HSN

71031061

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Prehnite

Tariff HSN

71031062

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Agate

Tariff HSN

71031063

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Aventurine

Tariff HSN

71031064

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Chalcedony

Tariff HSN

71031069

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Other

Tariff HSN

71031071

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tourmaline

Tariff HSN

71031072

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tanzanite

Tariff HSN

71031079

Description

Unworked or simply sawn or roughly shaped: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Other

Tariff HSN

71031090

Description

Unworked or simply sawn or roughly shaped: Other

Tariff HSN

71039100

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: ruby, sapphire and emeralds

Tariff HSN

71039110

Description

Otherwise worked: Ruby, sapphire and emeralds: Ruby

Tariff HSN

71039120

Description

Otherwise worked: Ruby, sapphire and emeralds: Sapphire

Tariff HSN

71039130

Description

Otherwise worked: Ruby, sapphire and emeralds: emeralds

Tariff HSN

71039910

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: feldspar (moon stone)

Tariff HSN

71039911

Description

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Yellow/golden/pink/red/green beryl

Tariff HSN

71039912

Description

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Chrysoberyl (including chrysoberyl cat’s eye)

Tariff HSN

71039913

Description

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Alexandrite (including alexandrite cat’s eye)

Tariff HSN

71039919

Description

Otherwise worked: Other: Precious or semi-precious stones of “Beryl” and “Chrysoberyl” mineralogical species, other than “Emerald”: Other

Tariff HSN

71039920

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: garnet

Tariff HSN

71039921

Description

Otherwise worked: Other: Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species, other than “Ruby” and “Sapphire”: moonstone

Tariff HSN

71039929

Description

Otherwise worked: Other: Precious or semi-precious stones of “Corundum” and “Feldspar” mineralogical species, other than “Ruby” and “Sapphire”: Other

Tariff HSN

71039930

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: agate

Tariff HSN

71039931

Description

Otherwise worked: Other: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: garnet

Tariff HSN

71039932

Description

Otherwise worked: Other: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Lapis-lazuli

Tariff HSN

71039939

Description

Otherwise worked: Other: Precious or semi-precious stones of “Garnet” and “Lazurite” mineralogical species: Other

Tariff HSN

71039940

Description

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - otherwise worked: other: chalcedony

Tariff HSN

71039941

Description

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Prehnite

Tariff HSN

71039942

Description

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Agate

Tariff HSN

71039943

Description

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Aventurine

Tariff HSN

71039944

Description

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Chalcedony

Tariff HSN

71039949

Description

Otherwise worked: Other: Precious or semi-precious stones of “Prehnite” and “Quartz” mineralogical species: Other

Tariff HSN

71039951

Description

Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tourmaline

Tariff HSN

71039952

Description

Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Tanzanite

Tariff HSN

71039959

Description

Otherwise worked: Other: Precious or semi-precious stones of “Tourmaline” and “Zoisite” mineralogical species: Other

Tariff HSN

71039990

Description

Otherwise worked : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7103 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

₹3,934 Cr

−8.86% vs FY 2023-24

0.1062% of India’s total exports

India’s Imports

FY 2024-25

₹6,124 Cr

+0.69% vs FY 2023-24

0.1004% of India’s total imports

Trade Balance

FY 2024-25

−₹2,190 Cr

Trade Deficit

Surplus rank #1040 of 1233 subchapters

% of Chapter 71

FY 2024-25

1.55%

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

Import side: 0.81% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#6 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #7 of 18

At a glance

0.42%

Export CAGR

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

#159

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+112.10%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.55%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #115

Balance

−4,679.74

Exports

3,835.35 ₹ Cr

0.1671% share

— YoY

1.36% of Ch. 71

Imports

8,515.09 ₹ Cr

0.2371% share

— YoY

1.89% of Ch. 71

FY 2019-20 Exp. Rank #135

Balance

−3,582.19

Exports

3,004.09 ₹ Cr

0.1360% share

−21.67% YoY

1.18% of Ch. 71

Imports

6,586.28 ₹ Cr

0.1963% share

−22.65% YoY

1.71% of Ch. 71

FY 2020-21 Exp. Rank #142

Balance

−2,677.96

Exports

2,925.91 ₹ Cr

0.1360% share

−2.60% YoY

1.52% of Ch. 71

Imports

5,603.87 ₹ Cr

0.1923% share

−14.92% YoY

1.38% of Ch. 71

FY 2021-22 Exp. Rank #91

Balance

−8,353.35

Exports

6,205.82 ₹ Cr

0.1977% share

+112.10% YoY

2.12% of Ch. 71

Imports

14,559.17 ₹ Cr

0.3185% share

+159.81% YoY

2.39% of Ch. 71

FY 2022-23 Exp. Rank #154

Balance

−22,352.76

Exports

3,837.26 ₹ Cr

0.1060% share

−38.17% YoY

1.26% of Ch. 71

Imports

26,190.02 ₹ Cr

0.4555% share

+79.89% YoY

4.42% of Ch. 71

FY 2023-24 Exp. Rank #147

Balance

−1,765.07

Exports

4,316.62 ₹ Cr

0.1193% share

+12.49% YoY

1.59% of Ch. 71

Imports

6,081.69 ₹ Cr

0.1083% share

−76.78% YoY

0.94% of Ch. 71

FY 2024-25 Exp. Rank #159

Balance

−2,189.89

Exports

3,934.04 ₹ Cr

0.1062% share

−8.86% YoY

1.55% of Ch. 71

Imports

6,123.93 ₹ Cr

0.1004% share

+0.69% YoY

0.81% of Ch. 71

CAGR · 7-Year

Exports

0.42% /yr

Imports

−5.35% /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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7103 ranks #159 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7103 and GST compliance.

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.

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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