HSN Code 71069220 represents Other Precious Metal Waste under GST classification. This code helps businesses identify Other Precious Metal Waste correctly for billing, taxation, and trade. With HSN Code 71069220, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Precious Metal Waste.
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HSN Code 71069220 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 : Bar
1.5%
1.5%
3%
0%
Description of Goods
Other : Semi-manufactured : Bar
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%
Other Precious Metal 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 : Sheets, plates, strips, tubes and pipes
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 : Sheets, plates, strips, tubes and pipes
Other : Semi-manufactured : Other
India’s Exports
FY 2024-25₹3,283 Cr
0.0892% of India’s total exports
India’s Imports
FY 2024-25₹34,854 Cr
0.5737% of India’s total imports
Trade Balance
FY 2024-25−₹31,571 Cr
Surplus rank #12639 of 12657 HSN codes
% of Sub-Chapter 7106
FY 2024-2581.48%
Share of Sub-Chapter 7106’s total exports in FY 2024-25
Import side: 85.16% of Sub-Chapter 7106’s imports
Rank Within Sub-Chapter 7106
FY 2024-25#1 of 7
Position by export value among HSN codes in Sub-Chapter 7106
Import-side rank: #1 of 7
At a glance
#154
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+714.66%
Peak Growth Year
FY 2024-25 · strongest single-year move
81.48%
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
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7106
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7106
Balance
−1,300.31
Exports
3,209.39 ₹ Cr
0.1492% share
— YoY
94.57% of Sub-Ch. 7106
Imports
4,509.70 ₹ Cr
0.1548% share
— YoY
75.66% of Sub-Ch. 7106
Balance
−14,462.79
Exports
250.40 ₹ Cr
0.0080% share
−92.20% YoY
68.91% of Sub-Ch. 7106
Imports
14,713.19 ₹ Cr
0.3219% share
+226.26% YoY
60.17% of Sub-Ch. 7106
Balance
−20,908.41
Exports
459.51 ₹ Cr
0.0127% share
+83.51% YoY
80.09% of Sub-Ch. 7106
Imports
21,367.92 ₹ Cr
0.3717% share
+45.23% YoY
50.59% of Sub-Ch. 7106
Balance
−27,613.38
Exports
403.02 ₹ Cr
0.0111% share
−12.29% YoY
76.73% of Sub-Ch. 7106
Imports
28,016.40 ₹ Cr
0.4989% share
+31.11% YoY
62.03% of Sub-Ch. 7106
Balance
−31,571.10
Exports
3,283.25 ₹ Cr
0.0892% share
+714.66% YoY
81.48% of Sub-Ch. 7106
Imports
34,854.35 ₹ Cr
0.5737% share
+24.41% YoY
85.16% of Sub-Ch. 7106
reference, FY 2024-25
Export
₹4,029.42 Cr
Import
₹40,928.94 Cr
Trade Balance
−36,899.52
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.
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.
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.
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.
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).
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 71069220 and GST compliance.
It includes Gold Ores
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 71069220, Other Precious Metal Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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.
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.