--- title: "HSN Code for Other Precious Metal Waste | HSN 71069220 GST Rate" description: "Find HSN and GST Rates for 71069220 related to Other Precious Metal Waste with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71069220/" --- # HSN Code 71069220: Other Precious Metal Waste - [Section 14: Guide to HSN Section 14](https://busy.in/hsn/section-14/) - [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/) - [Sub-chapter 7106: Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Semi-manufactured : Bar | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71069220 ? It includes Gold Ores ### Can we claim ITC on inputs used to trade Other Precious Metal Waste? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Other Precious Metal Waste? Under HSN 71069220, Other Precious Metal Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Other Precious Metal Waste? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Do e‑way bill and e‑invoice apply for Other Precious Metal Waste? 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. ### How should mixed supplies be billed when Other Precious Metal Waste is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Precious Metal Waste; Nil for exempt items if applicable). ### Any common misclassification issue with Other Precious Metal Waste? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 71069220 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3,283 Cr (+714.66% YoY) — 0.0892% of India's total exports - Imports: ₹34,854 Cr (+24.41% YoY) — 0.5737% of India's total imports - Trade balance: −₹31,571 Cr (Deficit); surplus rank #12639 of 12657 HSN codes - Share of Sub-Chapter 7106: 81.48% of its exports; import side 85.16% - Rank within Sub-Chapter 7106: #1 of 7 by export value; import-side #1 ### Key metrics - National export rank: #154 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +714.66% in FY 2024-25 - Contribution to Sub-Ch. 7106: 81.48% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71069220 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 Sub-Ch. 7106 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7106 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | 3,209.39 | 0.1492% | — | 94.57% | 4,509.70 | 0.1548% | — | 75.66% | −1,300.31 | #97 | | FY 2021-22 | 250.40 | 0.0080% | −92.20% | 68.91% | 14,713.19 | 0.3219% | +226.26% | 60.17% | −14,462.79 | #1436 | | FY 2022-23 | 459.51 | 0.0127% | +83.51% | 80.09% | 21,367.92 | 0.3717% | +45.23% | 50.59% | −20,908.41 | #990 | | FY 2023-24 | 403.02 | 0.0111% | −12.29% | 76.73% | 28,016.40 | 0.4989% | +31.11% | 62.03% | −27,613.38 | #1133 | | FY 2024-25 | 3,283.25 | 0.0892% | +714.66% | 81.48% | 34,854.35 | 0.5737% | +24.41% | 85.16% | −31,571.10 | #154 | ## Key trade insights: HSN Code 71069220 export-import analysis ### Export snapshot for HSN Code 71069220 India exported ₹3,283.25 Crore worth of Other Precious Metal Waste in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71069220 ranked #154 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71069220 ranks #154 out of 12657 HSN codes by total export value. Within Sub-Chapter 7106, it ranks #1 of 7. By trade surplus, it ranks #12639 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 71069220 exports The strongest single-year export movement for HSN Code 71069220 was recorded in FY 2024-25, when exports surged by 714.66% over the prior year. ### India records a trade deficit of ₹31,571.10 Crore in HSN Code 71069220 goods In FY 2024-25, India's imports of ₹34,854.35 Cr exceeded exports of ₹3,283.25 Cr, resulting in a trade deficit of ₹31,571.10 Crore — ranking #12639 of 12657 by surplus magnitude. ### HSN Code 71069220 contributes 81.48% of Sub-Chapter 7106 exports — ranked #1 Among the 7 HSN codes under Sub-Chapter 7106, HSN Code 71069220 ranks #1 by export value — accounting for 81.48% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 85.16% share (rank #1). ## Related HSN Codes in Sub-Chapter 7106 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 71069220: Other Precious Metal Waste (this hsn code) | ₹3,283 Cr | | #2 | [HSN Code 71069290: Other Precious Metal Articles](https://busy.in/hsn/hsn-71069290/) | ₹630 Cr | | #3 | [HSN Code 71069110: Unwrought Gold](https://busy.in/hsn/hsn-71069110/) | ₹91 Cr | | #4 | [HSN Code 71061000: Precious Metal-Clad Articles](https://busy.in/hsn/hsn-71061000/) | ₹19 Cr | | #5 | [HSN Code 71069210: Precious Metal Powders and Waste](https://busy.in/hsn/hsn-71069210/) | ₹6 Cr | | #6 | [HSN Code 71069190: Other Unwrought Precious Metals](https://busy.in/hsn/hsn-71069190/) | < ₹1 Crore | | — | [HSN Code 71069100: Unstudded](https://busy.in/hsn/hsn-71069100/) | Nil |