HSN Code 71162000: Coin

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.

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Description of Goods for 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)

CGST 1.5%
SGST 1.5%
IGST 3%
CESS 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)

CGST 1.5%
SGST 1.5%
IGST 3%
CESS 0%

What does HSN Code 71162000 not include?

Coin does not include products with the following descriptions:

HSN Code Description
Of natural or cultured pearls
Of natural or cultured pearls

Of natural or cultured pearls

Of natural or cultured pearls

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FAQs for HSN Code 71162000

What products are classified under HSN 71162000 ?

It includes Base Metal Coins

How should mixed supplies be billed when Coin is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Coin; Nil for exempt items if applicable).

How much GST applies to Coin?

Under HSN 71162000, Coin attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Coin?

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.

Do e‑way bill and e‑invoice apply for Coin?

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.

Any common misclassification issue with Coin?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Important Disclaimer

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.

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