What products are classified under HSN 71081200 ?
It includes Waste and Scrap of Precious Metals
HSN Code 71081200 represents Silver Ores under GST classification. This code helps businesses identify Silver Ores correctly for billing, taxation, and trade. With HSN Code 71081200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Silver Ores.
HSN Code 71081200 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 71 | Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin | 7108 | Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form | Non-monetary : Other unwrought forms | 1.5% | 1.5% | 3% | 0% |
| 71 | Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin | 7108 | Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form | Non-monetary : Other unwrought forms | 1.5% | 1.5% | 3% | 0% |
Description of goods
Non-monetary : Other unwrought forms
Chapter
71 – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Sub Chapter
7108 – Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
Description of goods
Non-monetary : Other unwrought forms
Chapter
71 – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Sub Chapter
7108 – Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
Silver Ores does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Non-monetary : Powder | |
| Non-monetary : Powder | |
| Non-monetary : Other semi-manufactured forms | |
| Non-monetary : Other semi-manufactured forms | |
| Monetary | |
| Monetary |
Non-monetary : Powder
Non-monetary : Powder
Non-monetary : Other semi-manufactured forms
Non-monetary : Other semi-manufactured forms
Monetary
Monetary
It includes Waste and Scrap of Precious Metals
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 71081200, Silver Ores attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silver Ores; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.