HS Code for Silver ingots
Silver ingots are classified under HS code 7106.91, which covers silver in its unwrought form. Chapter 71 of the Harmonized System defines "unwrought" as metals that have been produced by smelting, refining, or casting into primary shapes such as ingots, blocks, lumps, pellets, or grains. Silver ingots represent the primary stage of refined silver before it is subjected to mechanical working like rolling or drawing. This classification applies to silver of various purities, including fine silver (99.9%) and silver alloys, provided the alloy contains at least 2% silver by weight and silver is the predominant precious metal. The classification is essential for the trade of bullion and investment-grade silver. According to the General Explanatory Notes for Chapter 71, unwrought silver must not have been worked further than being cast, although it may have been treated to remove surface impurities. This code is the standard for silver traded on global commodities markets and used as raw material for the jewelry and electronics industries.
Products Included
- Cast silver ingots
- Silver blocks and bricks
- Silver grains and pellets
- Silver lumps and buttons
- Silver dore (unrefined silver bars)
Common Misclassification
Silver ingots are often confused with HS code 7106.92, which is for semi-manufactured silver. The distinction lies in whether the bar has been rolled or drawn after casting. Another common misclassification is 7106.10, which is specifically for silver powder. Additionally, silver ores that have not yet been smelted into metal must be classified under 2616.10. Finally, if an ingot is specifically shaped and marked for use as a component in a machine, it might be misclassified under a machinery heading, though Chapter 71 usually takes precedence.
FAQ
What is the HS code for silver ingots?
The HS code for unwrought silver ingots is 7106.91.
Are silver grains classified under the same code as ingots?
Yes, silver grains are considered an unwrought form of silver and are classified under HS code 7106.91.
Industry
Frequently Asked Questions
What is the HS code for Silver ingots?
The HS code for Silver ingots is 710691 (Metals; silver, unwrought, (but not powder)).
How do I classify Silver ingots for customs?
Silver ingots is classified under HS code 710691 — Metals; silver, unwrought, (but not powder). This is a 6-digit subheading level code.
Is the HS code for Silver ingots the same in all countries?
The base HS code 710691 for Silver ingots is internationally standardized for the first 6 digits across 200+ countries. Individual countries may add additional digits for national tariff lines and specific classifications.