What products are classified under HSN 71162000 ?
It includes Base Metal Coins
HSN Code 71162000 represents Coin under GST classification. This code helps businesses identify Coin correctly for billing, taxation, and trade. With HSN Code 71162000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Coin.
HSN Code 71162000 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 | 7116 | Articles of natural or cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed) | Of precious or semi-precious stones (natural, synthetic or reconstructed) | 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 | 7116 | Articles of natural or cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed) | Of precious or semi-precious stones (natural, synthetic or reconstructed) | 1.5% | 1.5% | 3% | 0% |
Description of goods
Of precious or semi-precious stones (natural, synthetic or reconstructed)
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
7116 – Articles of natural or cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed)
Description of goods
Of precious or semi-precious stones (natural, synthetic or reconstructed)
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
7116 – Articles of natural or cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed)
Coin does not include products with the following descriptions:
Of natural or cultured pearls
Of natural or cultured pearls
It includes Base Metal Coins
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Coin; Nil for exempt items if applicable).
Under HSN 71162000, Coin attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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.