Boost Your B2B Sales with Getatoz
Get Listed FreeExplore HSN Code of thousands of goods.
HSN Code - 7102 : DIAMONDS, WHETHER OR NOT WORKED, BUT NOT MOUNTED OR SET
| HSN CODE | Description | Policy |
|---|---|---|
| 7102 | DIAMONDS, WHETHER OR NOT WORKED, BUT NOT MOUNTED OR SET | |
| 710210 | ||
| 71021000 | UNSORTED DIAMONDS W/N WORKED,NOT MOUNTED | Free |
| 710221 | Unworked or simply sawn, cleaved or bruted | |
| 71022110 | SORTED INDUSTRIAL DIAMONDS | Free |
| 71022120 | UNSORTED INDUSTRIAL DIAMONDS | Free |
| 710229 | Other | |
| 71022910 | CRUSHED INDUSTRIAL DIAMONDS | Free |
| 71022990 | OTHERS | Free |
| 710231 | Non-industrial | |
| 71023100 | NON-INDUSTRIAL DIAMONDS UNWORKED/SIMPLY SAWN CLEAVED OR BRUTED | Free |
| 710239 | Other | |
| 71023910 | DIAMOND(OTHR THN INDSTRL DIAMOND)CUT OR OTHERWISE WORKED BUT NOT MOUNTED OR SET | Free |
| 71023990 | OTHERS | Free |
Harmonised System of Nomenclature (HSN Codes) 7102 are used for the DIAMONDS, WHETHER OR NOT WORKED, BUT NOT MOUNTED OR SET products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
FAQs on HSN Code 7102
What is HSN Code 7102 used for?
HSN Code 7102 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 7102 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 7102?
The GST rate for HSN Code 7102 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 7102?
The import or export policy for HSN Code 7102 depends on DGFT and trade policy notifications. Businesses should verify the latest policy before cross-border trade.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.