HSN Code 71090000 represents Waste and Scrap of Precious Metals under GST classification. This code helps businesses identify Waste and Scrap of Precious Metals correctly for billing, taxation, and trade. With HSN Code 71090000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Waste and Scrap of Precious Metals.
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HSN Code 71090000 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
Base metals or silver, clad with gold, not further worked than semi-manufactured
Base metals or silver, clad with gold, not further worked than semi-manufactured
1.5%
1.5%
3%
0%
Description of Goods
Base metals or silver, clad with gold, not further worked than semi-manufactured
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
7109 - Base metals or silver, clad with gold, not further worked than semi-manufactured
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Surplus rank #7623 of 12657 HSN codes
% of Sub-Chapter 7109
FY 2024-25100.00%
Share of Sub-Chapter 7109’s total exports in FY 2024-25
Import side: 100.00% of Sub-Chapter 7109’s imports
Rank Within Sub-Chapter 7109
FY 2024-25#1 of 1
Position by export value among HSN codes in Sub-Chapter 7109
Import-side rank: #1 of 1
At a glance
−1.58%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9754
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,089.47%
Peak Growth Year
FY 2023-24 · strongest single-year move
100.00%
Contribution to Sub-Ch. 7109
Share of Sub-Chapter 7109 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
+0.11
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
100.00% of Sub-Ch. 7109
Imports
Nil ₹ Cr
0.0000% share
— YoY
— of Sub-Ch. 7109
Balance
−0.03
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
— of Sub-Ch. 7109
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
100.00% of Sub-Ch. 7109
Balance
−0.14
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
100.00% of Sub-Ch. 7109
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+466.67% YoY
100.00% of Sub-Ch. 7109
Balance
+0.07
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+166.67% YoY
100.00% of Sub-Ch. 7109
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−94.12% YoY
100.00% of Sub-Ch. 7109
Balance
+0.19
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+137.50% YoY
100.00% of Sub-Ch. 7109
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
— of Sub-Ch. 7109
Balance
+1.70
Exports
2.26 ₹ Cr
0.0001% share
+1,089.47% YoY
100.00% of Sub-Ch. 7109
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
100.00% of Sub-Ch. 7109
Balance
−0.38
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−95.58% YoY
100.00% of Sub-Ch. 7109
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−14.29% YoY
100.00% of Sub-Ch. 7109
CAGR · 7-Year
Exports
−1.58% /yr
Imports
—
India's exports under HSN Code 71090000 have declined at a compound annual rate of −1.58% over 7 fiscal years, falling from ₹0.11 Crore in FY 2018-19 to ₹0.10 Crore in FY 2024-25.
In FY 2024-25, HSN Code 71090000 ranks #9754 out of 12657 HSN codes by total export value. Within Sub-Chapter 7109, it ranks #1 of 1. By trade surplus, it ranks #7623 of 12657.
The strongest single-year export movement for HSN Code 71090000 was recorded in FY 2023-24, when exports surged by 1,089.47% over the prior year.
In FY 2024-25, India's imports of ₹0.48 Cr exceeded exports of ₹0.10 Cr, resulting in a trade deficit of ₹0.38 Crore — ranking #7623 of 12657 by surplus magnitude.
Among the 1 HSN codes under Sub-Chapter 7109, HSN Code 71090000 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% 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 71090000 and GST compliance.
It includes Miscellaneous Synthetic Stones
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Waste and Scrap of Precious Metals; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Under HSN 71090000, Waste and Scrap of Precious Metals attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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 the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.