HS Code for Silver Bullion for Investment 2025 Guide
TL;DR: 2025 Silver Bullion HS Code Essentials
Silver bullion for investment uses HS code 7106.91 worldwide in 2025. Expect GCC 12-digit extensions, EU nomenclature tweaks, and US 10-digit HTS mandates. Accurate classification avoids delays, duties, and penalties in precious metals trade.
What Is the HS Code for Silver Bullion?
The HS code for silver bullion is 7106.91 across global trade systems. This six-digit code falls under Chapter 71 for precious metals, covering unwrought silver forms like bars and ingots used for investment.
- 71: Base metals and precious metals
- 06: Silver (including silver plated with gold or platinum)
- 91: Unwrought silver (bullion or dore)
Investors rely on this classification for customs clearance when shipping silver bullion internationally.
2025 HS Code Updates for Silver Bullion Investment
Core HS code 7106.91 stays stable, but 2025 brings national extensions. No WCO revisions until 2027, yet countries adapt for better precision in silver bullion classification.
| Region | 2025 Change | Impact on Silver Bullion |
|---|
| GCC Countries | 12-digit HS codes from Jan 1 | Added purity/form details |
| EU | Combined Nomenclature update | Refined investment-grade subheadings |
| USA | USPS 10-digit HTS mandatory | Full codes for all parcels |
| China | Extended 10-digit codes | Stricter AML checks |
How to Classify Silver Bullion Under HS 7106.91 in 2025
Classify silver bullion as 7106.91 if it meets investment-grade standards. Follow these steps for accurate HS code application during customs declarations.
- Verify purity: Minimum 99.9% (.999 fine) silver content.
- Check form: Unwrought bars, ingots, or rounds—not fabricated items.
- Confirm markings: Weight, purity, mint mark, and serial numbers present.
- Assess use: Investment intent via documentation (invoices, certificates).
- Apply extensions: Add country-specific digits for 2025 compliance.
Silver Bullion vs Other Silver Products: HS Code Differences
HS 7106.91 applies only to unwrought investment silver bullion—not jewelry or industrial silver. Misclassification risks higher duties or seizures.
- 7106.92: Silver powder (industrial use)
- 7113: Silver jewelry or articles
- 7115: Other articles of precious metal
- 2617.10: Silver ores and concentrates
- 2843.29: Silver compounds (chemicals)
Use this table for quick 2025 reference:
| Product | HS Code | Use Case |
|---|
| Silver bullion bars | 7106.91 | Investment |
| Silver coins (collectible) | 7118.90 | Numismatics |
| Silver wire/foil | 7106.92 | Manufacturing |
Country-Specific HS Codes for Silver Bullion 2025
Extended HS codes vary by country for silver bullion imports/exports. Always check local tariff schedules beyond the base 7106.91.
- USA: 7106.91.3000 (unwrought, over 999 fine)
- EU: 7106 91 00 (semi-manufactured forms excluded)
- China: 7106911090 (investment bars)
- India: 71069100 (duty implications for investors)
- UAE (GCC): 7106.91.XX.XX (12-digit from 2025)
Common HS Code Mistakes for Silver Bullion Investors
Avoid these pitfalls when declaring silver bullion under HS 7106.91. Errors lead to delays, fines, or shipment rejections in 2025 trade.
- Confusing bullion with numismatic coins (use 7118 instead)
- Ignoring purity thresholds below .999
- Omitting country extensions in digital customs
- Undervaluing for duties (use spot price + premium)
- Missing AML/KYC docs for high-value shipments
Duties and Taxes on Silver Bullion by HS Code 2025
Tariffs on HS 7106.91 silver bullion vary widely by destination. Investment-grade status often qualifies for reduced rates under trade agreements.
| Country | Import Duty 2025 | VAT/GST |
|---|
| USA | 0-2.5% | State sales tax varies |
| EU | 2.5% | 19-27% VAT |
| India | 10% | 3% GST |
| Singapore | 0% | 9% GST |
| Australia | 0% | 10% GST (investment exempt) |
FAQ
Q: What is the exact HS code for silver bullion bars in 2025? A: Use 7106.91 for unwrought silver bullion worldwide, plus local extensions.
Q: Has HS code 7106.91 changed for silver investment in 2025? A: Core code unchanged; only national digits updated per WCO guidelines.
Q: Can I ship silver bullion coins under HS 7106.91? A: No, investment rounds yes, but collectible coins use 7118.90.
Q: What purity qualifies silver as bullion under HS code? A: Minimum .999 (99.9%) purity for investment-grade classification.
Q: How do GCC 12-digit codes affect silver bullion HS? A: Require extra details on form, purity, and origin from Jan 2025.
Q: Is silver bullion duty-free under HS 7106.91 somewhere? A: Yes, in Hong Kong, Singapore, and select FTZs with proper docs.
Q: What docs prove HS 7106.91 for customs? A: Assay certificate, invoice, and mint packaging confirming purity/use.
Q: Does tokenized silver use physical HS code 7106.91? A: No, digital assets classified separately from physical bullion.
Q: How often do silver bullion HS codes update? A: WCO every 5 years; countries annually for extensions.
Resources for HS Code Silver Bullion Traders
Streamline your 2025 silver bullion shipments with expert tools. For HS code compliance and logistics, Book a Demo or contact: enquiry@freightamigo.com | HK: +852 24671689 | USA: +1 337 361 2833.
By: John Lee, HS Code Specialist
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