2616 HSN Code: Precious metal ores & extracts

HSN Sub Chapter 2616 represents Precious metal ores & extracts under GST classification. This code helps businesses identify Precious metal ores & extracts correctly for billing, taxation, and trade. With HSN Sub Chapter 2616, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious metal ores & extracts.

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Chapter No	HSN Code	HSN Description	New GST Rate	Old GST Rate
26	2616	Precious metal ores and concentrates	5%	5%

HSN Code 2616

Chapter: 26

Description: Precious metal ores and concentrates

New GST Rate: 5% Old GST Rate: 5%

Tariff HSN	Description
26161000	Silver ores and concentrates
26169010	Other : Gold ores and concentrates
26169090	Other: Other

HSN Code 26161000

Silver ores and concentrates

HSN Code 26169010

Other : Gold ores and concentrates

HSN Code 26169090

Other: Other

Wrong HSN codes causing GST errors? BUSY auto-applies the correct code & rate on desktop and mobile.

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What products are classified under HSN 2616

It includes Precious metal ores & extracts

Can I claim ITC on inputs and services used for Precious metal ores & extracts?

If your outward supply of Precious metal ores & extracts is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Do spares or accessories of Precious metal ores & extracts follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Is the composition scheme suitable if I mainly trade Precious metal ores & extracts?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Does MRP, weight or pack size change GST treatment for Precious metal ores & extracts?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

Any special steps when selling Precious metal ores & extracts through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

How do I bill a kit or combo that includes Precious metal ores & extracts?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

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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