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HSN Code 71069220: Semi-Manufactured Silver Bars

HSN Code 71069220 represents Semi-Manufactured Silver Bars under GST classification. This code helps businesses identify Semi-Manufactured Silver Bars 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 Semi-Manufactured Silver Bars.

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Description of Goods for HSN Code 71069220

HSN Code 71069220 relates to the following description.

From 1 May 2025 (Finance Act, 2025), these tariff items were carved out of this code. Goods covered by them are classified there from that date:

  • 71069221 – Semi-Manufactured Silver Bars (99.9% or More Silver)
  • 71069229 – Other Semi-Manufactured Silver Bars (Below 99.9% Purity)

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%

What does HSN Code 71069220 not include?

Semi-Manufactured Silver Bars does not include products with the following descriptions.

HSN Code 71069100

Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form - other : unwrought

HSN Code 71069221

Other : Semi-manufactured : Bar : Containing 99.9 per cent. or more by weight of Silver

HSN Code 71069229

Other : Semi-manufactured : Bar : Other semi-manufactured silver bars, containing less than 99.9 per cent. by weight of silver

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India’s Trade Performance — HSN Code 71069220 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

No exports or imports were recorded under HSN Code 71069220 in FY 2025-26. Trade in the goods carved out of it is recorded under 71069221 and 71069229. Figures for FY 2024-25 and earlier years are in the table below.

India Export-Import Trade Statistics for HSN Code 71069220

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19

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

FY 2019-20

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

FY 2020-21 Exp. Rank #97

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

FY 2021-22 Exp. Rank #1436

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

FY 2022-23 Exp. Rank #990

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

FY 2023-24 Exp. Rank #1133

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

FY 2024-25 Exp. Rank #154

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

FY 2025-26

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7106

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7106

Sub-Chapter 7106 total

reference, FY 2025-26

Export

₹443.53 Cr

Import

₹1,07,394.01 Cr

Trade Balance

−1,06,950.48

Peak export growth year Latest available data Not available YoY = change vs previous FY

Frequently Asked Questions

Clear answers to common queries about HSN Code 71069220 and GST compliance.

What products are classified under HSN 71069220 ?

It includes Gold Ores

Can we claim ITC on inputs used to trade Semi-Manufactured Silver Bars?

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 Semi-Manufactured Silver Bars?

Under HSN 71069220, Semi-Manufactured Silver Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Semi-Manufactured Silver Bars?

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 Semi-Manufactured Silver Bars?

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 Semi-Manufactured Silver Bars is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Semi-Manufactured Silver Bars; Nil for exempt items if applicable).

Any common misclassification issue with Semi-Manufactured Silver Bars?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.