Refineries, silverware makers and electronics firms buy fine silver as feedstock.
HSN code 71069120 is classified as Restricted under India's DGFT ITC(HS) export policy — a license or permit is required before export.
This product requires a license or permit before export/import from India.
HSN Code Details
Unwrought silver of 99.9 percent or higher purity in ingots, grain and other primary forms, imported only through agencies nominated by RBI and DGFT.
Import runs through nominated channels only, so confirm the agency route, and carry assay certificates and insured secure transport.
Related HSN Codes (Heading 7106)
- 71061 For the purposes of sub-headingsFree
- 71061000Import is allowed only through nominated agencies as notifiedRestricted
- 710691Other :-- UnwroughtFree
- 71069110Import is allowed only through nominated agencies as notified by RBI (in case of banks), DGFT (for other agencies) and by qualified jewellers as notified byRestricted
- 71069190Import is allowed only through nominated agencies as notified by RBI (in case of banks) andRestricted
- 710692Other : -- Semi-manufacturedFree
Frequently Asked Questions
Yes. HSN 71069120 is Restricted under DGFT ITC(HS) policy — you need a license or permit before export.
Fine unwrought silver of 99.9 percent purity is classified in this sub-code.
HSN 71069120 falls under Chapter 71 and Heading 7106 of India's customs tariff schedule.
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