HS Code for Silver bars

Silver bars that have undergone mechanical working beyond the initial casting stage are classified under HS code 7106.92. This code falls under Chapter 71, which governs natural or cultured pearls, precious or semi-precious stones, and precious metals. The classification specifically refers to "semi-manufactured" silver. In the context of the Harmonized System, semi-manufactured products include bars, rods, profiles, wire, plates, sheets, and strips that have been produced by processes such as rolling, drawing, extruding, or forging. For a silver bar to be classified under 7106.92, it must have been worked to a specific shape or dimension that exceeds the definition of "unwrought." This distinction is critical because it separates industrial or commercial silver products from primary refinery products. The classification is based on the physical state of the metal and the degree of processing it has received, ensuring that value-added silver products are distinguished from raw bullion used for investment or further smelting.

Products Included

• Rolled silver bars
• Drawn silver rods
• Silver profiles for industrial use
• Silver wire of any cross-sectional shape
• Silver strips and sheets

Common Misclassification

The most frequent misclassification occurs with HS code 7106.91, which is for unwrought silver. If a silver bar is simply cast into a mold and not further worked, it belongs in 7106.91. Conversely, if the silver bar is part of a finished piece of jewelry, it must be classified under 7113. Confusion also arises with 7114.11, which covers silversmiths' wares; however, 7114 is for finished articles like bowls or trophies, not for intermediate semi-manufactured shapes like bars or rods.

FAQ

What is the HS code for silver bars?

Silver bars that are semi-manufactured (rolled or drawn) are classified under HS code 7106.92, while cast, unwrought bars are under 7106.91.

What defines a silver bar as semi-manufactured?

A silver bar is semi-manufactured if it has been subjected to mechanical working such as rolling, drawing, or forging to achieve a specific profile or thickness.