--- title: "HSN Code for Silver Ores | HSN 71081200 GST Rate" description: "Find HSN and GST Rates for 71081200 related to Silver Ores with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71081200/" --- # HSN Code 71081200: Silver Ores - [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 7108: Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Non-monetary : Other unwrought forms | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71081200 ? It includes Waste and Scrap of Precious Metals ### Does packaging or labelling change the GST for Silver Ores? 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 Silver Ores? 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. ### Any common misclassification issue with Silver Ores? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Silver Ores? Under HSN 71081200, Silver Ores attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Silver Ores is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silver Ores; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Silver Ores? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 71081200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7,795 Cr (+1,321.57% YoY) — 0.2118% of India's total exports - Imports: ₹4,87,472 Cr (+29.63% YoY) — 8.0232% of India's total imports - Trade balance: −₹4,79,677 Cr (Deficit); surplus rank #12656 of 12657 HSN codes - Share of Sub-Chapter 7108: 99.24% of its exports; import side 99.54% - Rank within Sub-Chapter 7108: #1 of 4 by export value; import-side #1 ### Key metrics - Export CAGR: 94.58% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #56 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,715.40% in FY 2022-23 - Contribution to Sub-Ch. 7108: 99.24% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71081200 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. 7108 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7108 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 143.63 | 0.0063% | — | 99.65% | 2,28,796.08 | 6.3827% | — | 99.68% | −2,28,652.45 | #1634 | | FY 2019-20 | 530.10 | 0.0241% | +269.07% | 92.31% | 1,98,644.74 | 5.9337% | −13.18% | 99.70% | −1,98,114.64 | #610 | | FY 2020-21 | 1,889.45 | 0.0878% | +256.43% | 99.99% | 2,53,498.21 | 8.6997% | +27.61% | 99.69% | −2,51,608.76 | #175 | | FY 2021-22 | 42.33 | 0.0013% | −97.76% | 91.23% | 3,39,559.13 | 7.4292% | +33.95% | 98.68% | −3,39,516.80 | #3596 | | FY 2022-23 | 1,191.76 | 0.0329% | +2,715.40% | 99.98% | 2,77,817.43 | 4.8322% | −18.18% | 99.05% | −2,76,625.67 | #422 | | FY 2023-24 | 548.33 | 0.0152% | −53.99% | 67.17% | 3,76,034.54 | 6.6959% | +35.35% | 99.68% | −3,75,486.21 | #870 | | FY 2024-25 | 7,794.91 | 0.2118% | +1,321.57% | 99.24% | 4,87,471.54 | 8.0232% | +29.63% | 99.54% | −4,79,676.63 | #56 | - CAGR (7-year): exports 94.58%/yr, imports 13.44%/yr (consistently Deficit) ## Key trade insights: HSN Code 71081200 export-import analysis ### Consistent export growth: 94.58% CAGR over 7 years India's exports under HSN Code 71081200 have grown at a compound annual rate of 94.58% over 7 fiscal years, rising from ₹143.63 Crore in FY 2018-19 to ₹7,794.91 Crore in FY 2024-25. ### HSN Code 71081200 ranked #56 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71081200 ranks #56 out of 12657 HSN codes by total export value. Within Sub-Chapter 7108, it ranks #1 of 4. By trade surplus, it ranks #12656 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 71081200 exports The strongest single-year export movement for HSN Code 71081200 was recorded in FY 2022-23, when exports surged by 2,715.40% over the prior year. ### India records a trade deficit of ₹4,79,676.63 Crore in HSN Code 71081200 goods In FY 2024-25, India's imports of ₹4,87,471.54 Cr exceeded exports of ₹7,794.91 Cr, resulting in a trade deficit of ₹4,79,676.63 Crore — ranking #12656 of 12657 by surplus magnitude. ### Import growth of 13.44% CAGR signals rising demand for Silver Ores India's imports under HSN Code 71081200 have grown at 13.44% CAGR, reaching ₹4,87,471.54 Crore in FY 2024-25. ### HSN Code 71081200 contributes 99.24% of Sub-Chapter 7108 exports — ranked #1 Among the 4 HSN codes under Sub-Chapter 7108, HSN Code 71081200 ranks #1 by export value — accounting for 99.24% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 99.54% share (rank #1). ## Related HSN Codes in Sub-Chapter 7108 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 71081200: Silver Ores (this hsn code) | ₹7,795 Cr | | #2 | [HSN Code 71081300: Other Metal Ores](https://busy.in/hsn/hsn-71081300/) | ₹60 Cr | | — | [HSN Code 71081100: Gold Ores](https://busy.in/hsn/hsn-71081100/) | Nil | | — | [HSN Code 71082000: Concentrates of Precious Metals](https://busy.in/hsn/hsn-71082000/) | Nil |