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HSN Code 71129920: Sweepings Containing Gold or Silver

HSN Code 71129920 represents Sweepings Containing Gold or Silver under GST classification. This code helps businesses identify Sweepings Containing Gold or Silver correctly for billing, taxation, and trade. With HSN Code 71129920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Sweepings Containing Gold or Silver.

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Description of Goods for HSN Code 71129920

HSN Code 71129920 relates to the following description.

Description of Goods

Other : Other : Sweepings containing gold or silver

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

7112 - Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549

CGST

1.5%

SGST

1.5%

IGST

3%

CESS

0%

What does HSN Code 71129920 not include?

Sweepings Containing Gold or Silver does not include products with the following descriptions.

HSN Code 71129100

Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals

HSN Code 71129200

Other : Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals

HSN Code 71129910

Other : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals

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India’s Trade Performance — HSN Code 71129920 in FY 2025-26

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

India’s Exports

FY 2025-26

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹3 Cr

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2025-26

−₹3 Cr

Trade Deficit

Surplus rank #8496 of 12872 HSN codes

% of Sub-Chapter 7112

FY 2025-26

0.00%

Share of Sub-Chapter 7112’s total exports in FY 2025-26

Import side: 0.98% of Sub-Chapter 7112’s imports

At a glance

+60.76%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7112

Share of Sub-Chapter 7112 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 71129920

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 Exp. Rank #5626

Balance

+6.08

Exports

6.09 ₹ Cr

0.0003% share

— YoY

0.83% of Sub-Ch. 7112

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 7112

FY 2019-20 Exp. Rank #5043

Balance

+9.75

Exports

9.79 ₹ Cr

0.0004% share

+60.76% YoY

2.18% of Sub-Ch. 7112

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+300.00% YoY

0.08% of Sub-Ch. 7112

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2022-23

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2023-24 Exp. Rank #5059

Balance

+16.24

Exports

16.24 ₹ Cr

0.0004% share

— YoY

1.81% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2024-25

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2025-26

Balance

−3.21

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

Imports

3.21 ₹ Cr

0.0000% share

— YoY

0.98% of Sub-Ch. 7112

CAGR · 8-Year

Exports

—

Imports

128.07% /yr

Consistently Deficit
Sub-Chapter 7112 total

reference, FY 2025-26

Export

₹3,128.48 Cr

Import

₹329.02 Cr

Trade Balance

+2,799.46

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

Key Trade Insights: HSN Code 71129920 Export-Import Analysis

Export Snapshot for HSN Code 71129920

India exported ₹0.00 Crore worth of Sweepings Containing Gold or Silver in FY 2025-26. Multi-year trend data is being compiled for this hsn code.

FY 2019-20 Was the Strongest Growth Year for HSN Code 71129920 Exports

The strongest single-year export movement for HSN Code 71129920 was recorded in FY 2019-20, when exports surged by 60.76% over the prior year.

India Records a Trade Deficit of ₹3.21 Crore in HSN Code 71129920 Goods

In FY 2025-26, India's imports of ₹3.21 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹3.21 Crore — ranking #8496 of 12872 by surplus magnitude.

Import Growth of 128.07% CAGR Signals Rising Demand for Sweepings Containing Gold or Silver

India's imports under HSN Code 71129920 have grown at 128.07% CAGR, reaching ₹3.21 Crore in FY 2025-26.

Frequently Asked Questions

Clear answers to common queries about HSN Code 71129920 and GST compliance.

What products are classified under HSN 71129920 ?

It includes Rough or Uncut Diamonds

Any common misclassification issue with Sweepings Containing Gold or Silver?

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

Can we claim ITC on inputs used to trade Sweepings Containing Gold or Silver?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Sweepings Containing Gold or Silver?

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.

Does packaging or labelling change the GST for Sweepings Containing Gold or Silver?

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.

How should mixed supplies be billed when Sweepings Containing Gold or Silver is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Sweepings Containing Gold or Silver; Nil for exempt items if applicable).

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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.