---
title: "7116 HSN Code | HSN Code for Precious stone articles in India"
description: "Know more about 7116 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7116 covering Precious stone articles."
canonical: "https://busy.in/hsn/sub-chapter-7116/"
---

# HSN Sub-chapter 7116: Precious stone articles

Articles of natural or cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed)

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 |
| --- | --- |
| 71161000 | [Imitation Jewellery](https://busy.in/hsn/hsn-71161000/) |
| 71162000 | [Coin](https://busy.in/hsn/hsn-71162000/) |

## Frequently asked questions

### What products are classified under HSN 7116

It includes Precious stone articles

### Any import/export nuance for Precious stone articles?

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.

### How do I bill a kit or combo that includes Precious stone articles?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

### How are warranty replacements of Precious stone articles handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

### Does MRP, weight or pack size change GST treatment for Precious stone articles?

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.

### What should my invoice and records include for Precious stone articles?

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.

## India's trade performance: HSN Sub-Chapter 7116 (FY 2024-25)

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

- Exports: ₹344 Cr (−9.57% YoY) — 0.0093% of India's total exports
- Imports: ₹158 Cr (+10.77% YoY) — 0.0026% of India's total imports
- Trade balance: ₹186 Cr (Surplus); surplus rank #338 of 1233 sub-chapters
- Share of Chapter 71: 0.14% of its exports; import side 0.02%
- Rank within Chapter 71: #10 of 18 by export value; import-side #13

### Key metrics

- Export CAGR: 6.57% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #601 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +108.50% in FY 2021-22
- Contribution to Ch. 71: 0.14% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7116

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 | 234.67 | 0.0102% | — | 0.08% | 50.56 | 0.0014% | — | 0.01% | +184.11 | #582 |
| FY 2019-20 | 220.25 | 0.0100% | −6.14% | 0.09% | 50.58 | 0.0015% | +0.04% | 0.01% | +169.67 | #578 |
| FY 2020-21 | 156.21 | 0.0073% | −29.08% | 0.08% | 31.93 | 0.0011% | −36.87% | 0.01% | +124.28 | #651 |
| FY 2021-22 | 325.70 | 0.0104% | +108.50% | 0.11% | 39.37 | 0.0009% | +23.30% | 0.01% | +286.33 | #570 |
| FY 2022-23 | 350.20 | 0.0097% | +7.52% | 0.11% | 93.51 | 0.0016% | +137.52% | 0.02% | +256.69 | #588 |
| FY 2023-24 | 380.24 | 0.0105% | +8.58% | 0.14% | 142.58 | 0.0025% | +52.48% | 0.02% | +237.66 | #579 |
| FY 2024-25 | 343.84 | 0.0093% | −9.57% | 0.14% | 157.94 | 0.0026% | +10.77% | 0.02% | +185.90 | #601 |

- CAGR (7-year): exports 6.57%/yr, imports 20.91%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7116 export-import analysis

### Consistent export growth: 6.57% CAGR over 7 years

India's exports under HSN Sub-Chapter 7116 have grown at a compound annual rate of 6.57% over 7 fiscal years, rising from ₹234.67 Crore in FY 2018-19 to ₹343.84 Crore in FY 2024-25.

### HSN Sub-Chapter 7116 ranked #601 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7116 ranks #601 out of 1233 sub-chapters by total export value. Within Chapter 71, it ranks #10 of 18. By trade surplus, it ranks #338 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7116 exports

The strongest single-year export movement for HSN Sub-Chapter 7116 was recorded in FY 2021-22, when exports surged by 108.50% over the prior year.

### India maintains a trade surplus of ₹185.90 Crore in HSN Sub-Chapter 7116 goods

In FY 2024-25, India's exports of ₹343.84 Cr exceeded imports of ₹157.94 Cr, resulting in a trade surplus of ₹185.90 Crore — ranking #338 of 1233 by surplus magnitude.

### Import growth of 20.91% CAGR signals rising demand for Precious stone articles

India's imports under HSN Sub-Chapter 7116 have grown at 20.91% CAGR, reaching ₹157.94 Crore in FY 2024-25.

### HSN Sub-Chapter 7116 contributes 0.14% of Chapter 71 exports — ranked #10

Among the 18 sub-chapters under Chapter 71, HSN Sub-Chapter 7116 ranks #10 by export value — accounting for 0.14% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #13).

## 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](https://busy.in/hsn/sub-chapter-7103/) | ₹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 (this hsn sub-chapter) | ₹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/) |
| 7103 | [Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) |
| 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/) |
| 7117 | [Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) |
| 7118 | [Coin](https://busy.in/hsn/sub-chapter-7118/) |