HSN Code 71069210 represents Precious Metal Powders and Waste under GST classification. This code helps businesses identify Precious Metal Powders and Waste correctly for billing, taxation, and trade. With HSN Code 71069210, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Precious Metal Powders and Waste.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 71069210 relates to the following description.
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form
Other : Semi-manufactured : Sheets, plates, strips, tubes and pipes
1.5%
1.5%
3%
0%
Description of Goods
Other : Semi-manufactured : Sheets, plates, strips, tubes and pipes
Chapter
71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Sub Chapter
7106 - Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Precious Metal Powders and Waste does not include products with the following descriptions.
Powder
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form - other : unwrought
Other : Unwrought: Grains
Other : Unwrought: Other
Other : Semi-manufactured : Bar
Other : Semi-manufactured : Other
Powder
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form - other : unwrought
Other : Unwrought: Grains
Other : Unwrought: Other
Other : Semi-manufactured : Bar
Other : Semi-manufactured : Other
India’s Exports
FY 2024-25₹6 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹259 Cr
0.0043% of India’s total imports
Trade Balance
FY 2024-25−₹253 Cr
Surplus rank #11483 of 12657 HSN codes
% of Sub-Chapter 7106
FY 2024-250.14%
Share of Sub-Chapter 7106’s total exports in FY 2024-25
Import side: 0.63% of Sub-Chapter 7106’s imports
Rank Within Sub-Chapter 7106
FY 2024-25#5 of 7
Position by export value among HSN codes in Sub-Chapter 7106
Import-side rank: #4 of 7
At a glance
−6.51%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6468
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,691.67%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.14%
Contribution to Sub-Ch. 7106
Share of Sub-Chapter 7106 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−9.41
Exports
8.37 ₹ Cr
0.0004% share
— YoY
10.23% of Sub-Ch. 7106
Imports
17.78 ₹ Cr
0.0005% share
— YoY
0.07% of Sub-Ch. 7106
Balance
−16.03
Exports
4.41 ₹ Cr
0.0002% share
−47.31% YoY
6.48% of Sub-Ch. 7106
Imports
20.44 ₹ Cr
0.0006% share
+14.96% YoY
0.11% of Sub-Ch. 7106
Balance
−39.91
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−91.84% YoY
0.01% of Sub-Ch. 7106
Imports
40.27 ₹ Cr
0.0014% share
+97.02% YoY
0.68% of Sub-Ch. 7106
Balance
−19.75
Exports
6.45 ₹ Cr
0.0002% share
+1,691.67% YoY
1.78% of Sub-Ch. 7106
Imports
26.20 ₹ Cr
0.0006% share
−34.94% YoY
0.11% of Sub-Ch. 7106
Balance
−23.95
Exports
2.29 ₹ Cr
0.0001% share
−64.50% YoY
0.40% of Sub-Ch. 7106
Imports
26.24 ₹ Cr
0.0005% share
+0.15% YoY
0.06% of Sub-Ch. 7106
Balance
−31.50
Exports
1.17 ₹ Cr
0.0000% share
−48.91% YoY
0.22% of Sub-Ch. 7106
Imports
32.67 ₹ Cr
0.0006% share
+24.50% YoY
0.07% of Sub-Ch. 7106
Balance
−253.22
Exports
5.59 ₹ Cr
0.0002% share
+377.78% YoY
0.14% of Sub-Ch. 7106
Imports
258.81 ₹ Cr
0.0043% share
+692.19% YoY
0.63% of Sub-Ch. 7106
CAGR · 7-Year
Exports
−6.51% /yr
Imports
56.26% /yr
reference, FY 2024-25
Export
₹4,029.42 Cr
Import
₹40,928.94 Cr
Trade Balance
−36,899.52
India's exports under HSN Code 71069210 have declined at a compound annual rate of −6.51% over 7 fiscal years, falling from ₹8.37 Crore in FY 2018-19 to ₹5.59 Crore in FY 2024-25.
In FY 2024-25, HSN Code 71069210 ranks #6468 out of 12657 HSN codes by total export value. Within Sub-Chapter 7106, it ranks #5 of 7. By trade surplus, it ranks #11483 of 12657.
The strongest single-year export movement for HSN Code 71069210 was recorded in FY 2021-22, when exports surged by 1,691.67% over the prior year.
In FY 2024-25, India's imports of ₹258.81 Cr exceeded exports of ₹5.59 Cr, resulting in a trade deficit of ₹253.22 Crore — ranking #11483 of 12657 by surplus magnitude.
India's imports under HSN Code 71069210 have grown at 56.26% CAGR, reaching ₹258.81 Crore in FY 2024-25.
Among the 7 HSN codes under Sub-Chapter 7106, HSN Code 71069210 ranks #5 by export value — accounting for 0.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.63% share (rank #4).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 71069210 and GST compliance.
It includes Base Metal-Clad Articles
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Precious Metal Powders and Waste; Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 71069210, Precious Metal Powders and Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice.