---
title: "7112 HSN Code | HSN Code for Precious metal scrap for recovery in India"
description: "Know more about 7112 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7112 covering Precious metal scrap for recovery."
canonical: "https://busy.in/hsn/sub-chapter-7112/"
---

# HSN Sub-chapter 7112: Precious metal scrap for recovery

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

Part of [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/).

- Current GST rate: 3%
- Earlier GST rate: 3%

## HSN codes

| Code | Title |
| --- | --- |
| 71123000 | [Articles of Natural or Cultured Pearls](https://busy.in/hsn/hsn-71123000/) |
| 71129100 | [Precious Metal Parts for Jewellery](https://busy.in/hsn/hsn-71129100/) |
| 71129200 | [Base Metal Parts for Jewellery](https://busy.in/hsn/hsn-71129200/) |
| 71129910 | [Other Precious Metal Jewellery Components](https://busy.in/hsn/hsn-71129910/) |
| 71129920 | [Other Base Metal Jewellery Components](https://busy.in/hsn/hsn-71129920/) |
| 71129990 | [Miscellaneous Jewellery Parts](https://busy.in/hsn/hsn-71129990/) |

## Frequently asked questions

### 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.

## India's trade performance: HSN Sub-Chapter 7112 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹1,000 Cr (+11.27% YoY) — 0.0270% of India's total exports
- Imports: ₹484 Cr (+227.39% YoY) — 0.0079% of India's total imports
- Trade balance: ₹515 Cr (Surplus); surplus rank #256 of 1233 sub-chapters
- Share of Chapter 71: 0.39% of its exports; import side 0.06%
- Rank within Chapter 71: #8 of 18 by export value; import-side #9

### Key metrics

- Export CAGR: 5.38% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #389 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +197.18% in FY 2020-21
- Contribution to Ch. 71: 0.39% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7112

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 71 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 71 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 729.80 | 0.0318% | — | 0.26% | 90.09 | 0.0025% | — | 0.02% | +639.71 | #353 |
| FY 2019-20 | 449.97 | 0.0204% | −38.34% | 0.18% | 48.23 | 0.0014% | −46.46% | 0.01% | +401.74 | #435 |
| FY 2020-21 | 1,337.20 | 0.0622% | +197.18% | 0.69% | 526.75 | 0.0181% | +992.16% | 0.13% | +810.45 | #251 |
| FY 2021-22 | 1,271.36 | 0.0405% | −4.92% | 0.43% | 272.38 | 0.0060% | −48.29% | 0.04% | +998.98 | #320 |
| FY 2022-23 | 1,166.88 | 0.0322% | −8.22% | 0.38% | 1,018.88 | 0.0177% | +274.07% | 0.17% | +148.00 | #356 |
| FY 2023-24 | 898.37 | 0.0248% | −23.01% | 0.33% | 147.93 | 0.0026% | −85.48% | 0.02% | +750.44 | #394 |
| FY 2024-25 | 999.64 | 0.0270% | +11.27% | 0.39% | 484.31 | 0.0079% | +227.39% | 0.06% | +515.33 | #389 |

- CAGR (7-year): exports 5.38%/yr, imports 32.36%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7112 export-import analysis

### Consistent export growth: 5.38% CAGR over 7 years

India's exports under HSN Sub-Chapter 7112 have grown at a compound annual rate of 5.38% over 7 fiscal years, rising from ₹729.80 Crore in FY 2018-19 to ₹999.64 Crore in FY 2024-25.

### HSN Sub-Chapter 7112 ranked #389 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7112 ranks #389 out of 1233 sub-chapters by total export value. Within Chapter 71, it ranks #8 of 18. By trade surplus, it ranks #256 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7112 exports

The strongest single-year export movement for HSN Sub-Chapter 7112 was recorded in FY 2020-21, when exports surged by 197.18% over the prior year.

### India maintains a trade surplus of ₹515.33 Crore in HSN Sub-Chapter 7112 goods

In FY 2024-25, India's exports of ₹999.64 Cr exceeded imports of ₹484.31 Cr, resulting in a trade surplus of ₹515.33 Crore — ranking #256 of 1233 by surplus magnitude.

### Import growth of 32.36% CAGR signals rising demand for Precious metal scrap for recovery

India's imports under HSN Sub-Chapter 7112 have grown at 32.36% CAGR, reaching ₹484.31 Crore in FY 2024-25.

### HSN Sub-Chapter 7112 contributes 0.39% of Chapter 71 exports — ranked #8

Among the 18 sub-chapters under Chapter 71, HSN Sub-Chapter 7112 ranks #8 by export value — accounting for 0.39% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.06% share (rank #9).

## Related Sub-Chapters in Chapter 71

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7102: Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) | ₹1,16,388 Cr |
| #2 | [HSN Sub-Chapter 7113: Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) | ₹1,06,341 Cr |
| #3 | [HSN Sub-Chapter 7104: Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) | ₹11,448 Cr |
| #4 | [HSN Sub-Chapter 7108: Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) | ₹7,854 Cr |
| #5 | [HSN Sub-Chapter 7106: Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) | ₹4,029 Cr |
| #6 | [HSN Sub-Chapter 7103: Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) | ₹3,934 Cr |
| #7 | [HSN Sub-Chapter 7117: Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) | ₹1,154 Cr |
| #8 | HSN Sub-Chapter 7112: Precious metal scrap for recovery (this hsn sub-chapter) | ₹1,000 Cr |
| #9 | [HSN Sub-Chapter 7110: Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) | ₹643 Cr |
| #10 | [HSN Sub-Chapter 7116: Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) | ₹344 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7101 | [Natural Pearls](https://busy.in/hsn/sub-chapter-7101/) |
| 7102 | [Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) |
| 7103 | [Reconstructed precious stone](https://busy.in/hsn/sub-chapter-7103/) |
| 7104 | [Synthetic precious stones, unmounted](https://busy.in/hsn/sub-chapter-7104/) |
| 7105 | [Precious stone dust](https://busy.in/hsn/sub-chapter-7105/) |
| 7106 | [Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) |
| 7107 | [Silver-clad metals](https://busy.in/hsn/sub-chapter-7107/) |
| 7108 | [Gold in unwrought or semi-forms](https://busy.in/hsn/sub-chapter-7108/) |
| 7109 | [Unprocessed staple fibres](https://busy.in/hsn/sub-chapter-7109/) |
| 7110 | [Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/) |
| 7111 | [Platinum-clad metals](https://busy.in/hsn/sub-chapter-7111/) |
| 7113 | [Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) |
| 7114 | [Precious metal articles & wares](https://busy.in/hsn/sub-chapter-7114/) |
| 7115 | [Precious Metal Items](https://busy.in/hsn/sub-chapter-7115/) |
| 7116 | [Precious stone articles](https://busy.in/hsn/sub-chapter-7116/) |
| 7117 | [Imitation Jewelry](https://busy.in/hsn/sub-chapter-7117/) |
| 7118 | [Coin](https://busy.in/hsn/sub-chapter-7118/) |