7112 HSN Code: Precious metal scrap for recovery

HSN Sub Chapter 7112 represents Precious metal scrap for recovery under GST classification. This code helps businesses identify Precious metal scrap for recovery correctly for billing, taxation, and trade. With HSN Sub Chapter 7112, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious metal scrap for recovery.

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Chapter No	HSN Code	HSN Description	New GST Rate	Old GST Rate
71	7112	Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549	3%	3%

HSN Code 7112

Chapter: 71

Description: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549

New GST Rate: 3% Old GST Rate: 3%

Tariff HSN	Description
71123000	Ash containing precious metal or precious metal compounds
71123000	Ash containing precious metal or precious metal compounds
71129100	Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals
71129100	Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals
71129200	Other : Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals
71129200	Other : Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals
71129910	Other : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals
71129910	Other : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals
71129920	Other : Other : Sweepings containing gold or silver
71129920	Other : Other : Sweepings containing gold or silver
71129990	Other : Other : Other
71129990	Other : Other : Other

HSN Code 71123000

Ash containing precious metal or precious metal compounds

HSN Code 71123000

Ash containing precious metal or precious metal compounds

HSN Code 71129100

Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals

HSN Code 71129100

Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals

HSN Code 71129200

Other : Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals

HSN Code 71129200

Other : Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals

HSN Code 71129910

Other : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals

HSN Code 71129910

Other : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals

HSN Code 71129920

Other : Other : Sweepings containing gold or silver

HSN Code 71129920

Other : Other : Sweepings containing gold or silver

HSN Code 71129990

Other : Other : Other

HSN Code 71129990

Other : Other : Other

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What products are classified under HSN 7112

It includes Precious metal scrap for recovery

Does packaging or branding change how GST applies to Precious metal scrap for recovery?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Precious metal scrap for recovery is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Does MRP, weight or pack size change GST treatment for Precious metal scrap for recovery?

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.

Can reverse charge ever apply to transactions involving Precious metal scrap for recovery?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Precious metal scrap for recovery are forward charge. Check the current notifications for any special cases before deciding.

Is the composition scheme suitable if I mainly trade Precious metal scrap for recovery?

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.

How should I document Precious metal scrap for recovery sent for job work?

Use a delivery challan for sending Precious metal scrap for recovery to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

How are warranty replacements of Precious metal scrap for recovery handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

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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