---
title: "7106 HSN Code | HSN Code for Silver in various forms in India"
description: "Know more about 7106 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7106 covering Silver in various forms."
canonical: "https://busy.in/hsn/sub-chapter-7106/"
---

# HSN Sub-chapter 7106: Silver in various forms

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

Part of [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/).

- Current GST rate: 0%
- Earlier GST rate: 0%

## HSN codes

| Code | Title |
| --- | --- |
| 71061000 | [Precious Metal-Clad Articles](https://busy.in/hsn/hsn-71061000/) |
| 71069100 | [Unstudded](https://busy.in/hsn/hsn-71069100/) |
| 71069110 | [Unwrought Gold](https://busy.in/hsn/hsn-71069110/) |
| 71069190 | [Other Unwrought Precious Metals](https://busy.in/hsn/hsn-71069190/) |
| 71069210 | [Precious Metal Powders and Waste](https://busy.in/hsn/hsn-71069210/) |
| 71069220 | [Other Precious Metal Waste](https://busy.in/hsn/hsn-71069220/) |
| 71069290 | [Other Precious Metal Articles](https://busy.in/hsn/hsn-71069290/) |

## Frequently asked questions

### What products are classified under HSN 7106

It includes Silver in various forms

### What are the e‑way bill and e‑invoice points while moving Silver in various forms?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

### Any import/export nuance for Silver in various forms?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

### How are warranty replacements of Silver in various forms handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

### How do I bill a kit or combo that includes Silver in various forms?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

### What misclassification mistakes happen with Silver in various forms?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

## India's trade performance: HSN Sub-Chapter 7106 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹4,029 Cr (+667.11% YoY) — 0.1088% of India's total exports
- Imports: ₹40,929 Cr (−9.38% YoY) — 0.6712% of India's total imports
- Trade balance: −₹36,900 Cr (Deficit); surplus rank #1196 of 1233 sub-chapters
- Share of Chapter 71: 1.59% of its exports; import side 5.44%
- Rank within Chapter 71: #5 of 18 by export value; import-side #4

### Key metrics

- Export CAGR: 91.45% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #158 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +4,889.71% in FY 2020-21
- Contribution to Ch. 71: 1.59% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7106

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 Ch. 71 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 71 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 81.84 | 0.0036% | — | 0.03% | 26,188.63 | 0.7293% | — | 5.80% | −26,106.79 | #748 |
| FY 2019-20 | 68.01 | 0.0031% | −16.90% | 0.03% | 19,161.79 | 0.5712% | −26.83% | 4.98% | −19,093.78 | #798 |
| FY 2020-21 | 3,393.50 | 0.1578% | +4,889.71% | 1.76% | 5,960.28 | 0.2045% | −68.90% | 1.47% | −2,566.78 | #130 |
| FY 2021-22 | 363.36 | 0.0116% | −89.29% | 0.12% | 24,454.28 | 0.5350% | +310.29% | 4.02% | −24,090.92 | #552 |
| FY 2022-23 | 573.73 | 0.0158% | +57.90% | 0.19% | 42,237.09 | 0.7346% | +72.72% | 7.13% | −41,663.36 | #479 |
| FY 2023-24 | 525.27 | 0.0145% | −8.45% | 0.19% | 45,164.75 | 0.8042% | +6.93% | 6.95% | −44,639.48 | #507 |
| FY 2024-25 | 4,029.42 | 0.1088% | +667.11% | 1.59% | 40,928.94 | 0.6712% | −9.38% | 5.44% | −36,899.52 | #158 |

- CAGR (7-year): exports 91.45%/yr, imports 7.73%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7106 export-import analysis

### Consistent export growth: 91.45% CAGR over 7 years

India's exports under HSN Sub-Chapter 7106 have grown at a compound annual rate of 91.45% over 7 fiscal years, rising from ₹81.84 Crore in FY 2018-19 to ₹4,029.42 Crore in FY 2024-25.

### HSN Sub-Chapter 7106 ranked #158 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7106 ranks #158 out of 1233 sub-chapters by total export value. Within Chapter 71, it ranks #5 of 18. By trade surplus, it ranks #1196 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7106 exports

The strongest single-year export movement for HSN Sub-Chapter 7106 was recorded in FY 2020-21, when exports surged by 4,889.71% over the prior year.

### India records a trade deficit of ₹36,899.52 Crore in HSN Sub-Chapter 7106 goods

In FY 2024-25, India's imports of ₹40,928.94 Cr exceeded exports of ₹4,029.42 Cr, resulting in a trade deficit of ₹36,899.52 Crore — ranking #1196 of 1233 by surplus magnitude.

### Import growth of 7.73% CAGR signals stable import dependency for Silver in various forms

India's imports under HSN Sub-Chapter 7106 have grown at 7.73% CAGR, reaching ₹40,928.94 Crore in FY 2024-25.

### HSN Sub-Chapter 7106 contributes 1.59% of Chapter 71 exports — ranked #5

Among the 18 sub-chapters under Chapter 71, HSN Sub-Chapter 7106 ranks #5 by export value — accounting for 1.59% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.44% share (rank #4).

## Related Sub-Chapters in Chapter 71

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7102: Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) | ₹1,16,388 Cr |
| #2 | [HSN Sub-Chapter 7113: Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) | ₹1,06,341 Cr |
| #3 | [HSN Sub-Chapter 7104: Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) | ₹11,448 Cr |
| #4 | [HSN Sub-Chapter 7108: Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) | ₹7,854 Cr |
| #5 | HSN Sub-Chapter 7106: Silver in various forms (this hsn sub-chapter) | ₹4,029 Cr |
| #6 | [HSN Sub-Chapter 7103: Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) | ₹3,934 Cr |
| #7 | [HSN Sub-Chapter 7117: Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) | ₹1,154 Cr |
| #8 | [HSN Sub-Chapter 7112: Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) | ₹1,000 Cr |
| #9 | [HSN Sub-Chapter 7110: Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) | ₹643 Cr |
| #10 | [HSN Sub-Chapter 7116: Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) | ₹344 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7101 | [Natural Pearls](https://busy.in/hsn/sub-chapter-7101/) |
| 7102 | [Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) |
| 7103 | [Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) |
| 7104 | [Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) |
| 7105 | [Precious stone dust](https://busy.in/hsn/sub-chapter-7105/) |
| 7107 | [Silver-clad metals](https://busy.in/hsn/sub-chapter-7107/) |
| 7108 | [Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) |
| 7109 | [Unprocessed staple fibres](https://busy.in/hsn/sub-chapter-7109/) |
| 7110 | [Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) |
| 7111 | [Platinum-clad metals](https://busy.in/hsn/sub-chapter-7111/) |
| 7112 | [Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) |
| 7113 | [Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) |
| 7114 | [Precious metal articles & wares](https://busy.in/hsn/sub-chapter-7114/) |
| 7115 | [Precious Metal Items](https://busy.in/hsn/sub-chapter-7115/) |
| 7116 | [Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) |
| 7117 | [Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) |
| 7118 | [Coin](https://busy.in/hsn/sub-chapter-7118/) |