7104 HSN Code: Synthetic precious stones, unmounted

HSN Sub Chapter 7104 represents Synthetic precious stones, unmounted under GST classification. This code helps businesses identify Synthetic precious stones, unmounted correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7104, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Synthetic precious stones, unmounted.

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New GST Rate for HSN Code 7104

GST Rate for Synthetic precious stones, unmounted under HSN Code 7104. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

71

HSN Code

7104

HSN Description

Synthetic or reconstructed precious or semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport

New GST Rate

0 %
Exempted

Old GST Rate

0 %

Tariff HSN Codes under HSN Sub Chapter 7104

Following tariff HSN codes fall under Synthetic precious stones, unmounted.

Tariff HSN

71041000

Description

Piezo-electric quartz

Tariff HSN

71042000

Description

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

Tariff HSN

71042010

Description

Laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds

Tariff HSN

71042090

Description

Other

Tariff HSN

71042100

Description

Other, unworked or simply sawn or roughly shaped: Diamonds

Tariff HSN

71042110

Description

Industrial

Tariff HSN

71042120

Description

Non-industrial

Tariff HSN

71042900

Description

Other, unworked or simply sawn or roughly shaped: Other

Tariff HSN

71042900

Description

Other, unworked or simply sawn or roughly shaped: Other (other than those specified in .125% rate entry )

Tariff HSN

71049010

Description

Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung,mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport-other-laboratory created or laboratory grown or manmade or cultured or synthetic diamonds

Tariff HSN

71049090

Description

Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung,mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport-other-laboratory created or laboratory grown or manmade or cultured or synthetic diamonds-other

Tariff HSN

71049100

Description

Other: diamonds

Tariff HSN

71049110

Description

Industrial

Tariff HSN

71049120

Description

Non-industrial

Tariff HSN

71049900

Description

Other: Other

Tariff HSN

71049900

Description

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

India’s Trade Performance — HSN Sub-Chapter 7104 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

₹11,448 Cr

−9.98% vs FY 2023-24

0.3091% of India’s total exports

India’s Imports

FY 2024-25

₹8,504 Cr

−28.64% vs FY 2023-24

0.1395% of India’s total imports

Trade Balance

FY 2024-25

₹2,944 Cr

Trade Surplus

Surplus rank #104 of 1233 subchapters

% of Chapter 71

FY 2024-25

4.51%

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

Import side: 1.13% of Chapter 71’s imports

Rank Within Chapter 71

FY 2024-25

#3 of 18

Position by export value among subchapters in Chapter 71

Import-side rank: #6 of 18

At a glance

34.04%

Export CAGR

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

#53

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+111.50%

Peak Growth Year

FY 2021-22 · strongest single-year move

4.51%

Contribution to Ch. 71

Share of Chapter 71 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7104

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 #190

Balance

−280.52

Exports

1,973.40 ₹ Cr

0.0860% share

— YoY

0.70% of Ch. 71

Imports

2,253.92 ₹ Cr

0.0628% share

— YoY

0.50% of Ch. 71

FY 2019-20 Exp. Rank #122

Balance

−213.03

Exports

3,388.17 ₹ Cr

0.1534% share

+71.69% YoY

1.33% of Ch. 71

Imports

3,601.20 ₹ Cr

0.1073% share

+59.78% YoY

0.94% of Ch. 71

FY 2020-21 Exp. Rank #81

Balance

+66.47

Exports

5,090.26 ₹ Cr

0.2367% share

+50.24% YoY

2.64% of Ch. 71

Imports

5,023.79 ₹ Cr

0.1724% share

+39.50% YoY

1.24% of Ch. 71

FY 2021-22 Exp. Rank #42

Balance

−175.47

Exports

10,766.07 ₹ Cr

0.3431% share

+111.50% YoY

3.68% of Ch. 71

Imports

10,941.54 ₹ Cr

0.2394% share

+117.79% YoY

1.80% of Ch. 71

FY 2022-23 Exp. Rank #34

Balance

+2,572.46

Exports

14,691.15 ₹ Cr

0.4058% share

+36.46% YoY

4.80% of Ch. 71

Imports

12,118.69 ₹ Cr

0.2108% share

+10.76% YoY

2.05% of Ch. 71

FY 2023-24 Exp. Rank #41

Balance

+798.87

Exports

12,716.18 ₹ Cr

0.3515% share

−13.44% YoY

4.67% of Ch. 71

Imports

11,917.31 ₹ Cr

0.2122% share

−1.66% YoY

1.83% of Ch. 71

FY 2024-25 Exp. Rank #53

Balance

+2,943.74

Exports

11,447.63 ₹ Cr

0.3091% share

−9.98% YoY

4.51% of Ch. 71

Imports

8,503.89 ₹ Cr

0.1395% share

−28.64% YoY

1.13% of Ch. 71

CAGR · 7-Year

Exports

34.04% /yr

Imports

24.77% /yr

Consistently Surplus
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 7104 Export-Import Analysis

Consistent Export Growth: 34.04% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7104 have grown at a compound annual rate of 34.04% over 7 fiscal years, rising from ₹1,973.40 Crore in FY 2018-19 to ₹11,447.63 Crore in FY 2024-25.

HSN Sub-Chapter 7104 Ranked #53 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7104 ranks #53 out of 1233 subchapters by total export value. Within Chapter 71, it ranks #3 of 18. By trade surplus, it ranks #104 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7104 Exports

The strongest single-year export movement for HSN Sub-Chapter 7104 was recorded in FY 2021-22, when exports surged by 111.50% over the prior year.

India Maintains a Trade Surplus of ₹2,943.74 Crore in HSN Sub-Chapter 7104 Goods

In FY 2024-25, India's exports of ₹11,447.63 Cr exceeded imports of ₹8,503.89 Cr, resulting in a trade surplus of ₹2,943.74 Crore — ranking #104 of 1233 by surplus magnitude.

Import Growth of 24.77% CAGR Signals Rising Demand for Synthetic precious stones, unmounted

India's imports under HSN Sub-Chapter 7104 have grown at 24.77% CAGR, reaching ₹8,503.89 Crore in FY 2024-25.

HSN Sub-Chapter 7104 Contributes 4.51% of Chapter 71 Exports — Ranked #3

Among the 18 subchapters under Chapter 71, HSN Sub-Chapter 7104 ranks #3 by export value — accounting for 4.51% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.13% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7104 and GST compliance.

What products are classified under HSN 7104

It includes Synthetic precious stones, unmounted

If I repair and return Synthetic precious stones, unmounted, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Is the composition scheme suitable if I mainly trade Synthetic precious stones, unmounted?

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 Synthetic precious stones, unmounted?

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.

How should I document Synthetic precious stones, unmounted sent for job work?

Use a delivery challan for sending Synthetic precious stones, unmounted 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.

Do spares or accessories of Synthetic precious stones, unmounted 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.

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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