GST India Forum – Goods and Services Tax (GST) in India › Forums › Discussion › HSN for Gold and Silver
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Adarsh Madrecha.
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- January 21, 2017 at 12:43 PM #756
What is HSN code for Gold and Silver and other precious metals?
Is HSN same for Jewellery manufacturer and retailer of Gold and Silver?Please specify HSN code for Gold and Silver Ornaments.
January 21, 2017 at 1:11 PM #760Gold and Silver is covered in Chapter 71 of HSN. HSN code is for Goods. Hence it will remain same for Retailer as well as Manufacturer.
Chapter 71 also covers following:
NATURAL OR CULTURED PEARLS, PRECIOUS OR SEMI-PRECIOUS STONES, PRECIOUS METALS, METALS CLAD WITH PRECIOUS METAL, AND ARTICLES
THEREOF; IMITATION JEWELLERY; COIN7106 – SILVER (INCLUDING SILVER PLATED WITH GOLD OR PLATINUM ), UNWROUGHT OR IN SEMI – MANUFACTURED FORMS, OR IN POWDER FORM
7108 – GOLD (INCLUDING GOLD PLATED WITH PLATINUM ), UNWROUGHT OR IN SEMI – MANUFACTURED FORMS, OR IN POWDER FORM
7110 – PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM
Other HSN Code Worth mentioning are:
7107 – BASE METALS CLAD WITH SILVER, NOT FURTHER WORKED THAN SEMI-MANUFACTURED
7109 – BASE METALS OR SILVER, CLAD WITH GOLD, NOT FURTHER WORKED THAN SEMI-MANUFACTURED
7111 – BASE METALS, SILVER OR GOLD, CLAD WITH PLATINUM, NOT FURTHER WORKED THAN SEMIMANUFACTURED7112 – SCRAP OF PRECIOUS METAL
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
This HSN code will also be applicable for
Ash containing precious metal or precious metal compounds
Sweepings containing gold or silver or precious metal7113 – ARTICLES OF JEWELLERY AND PARTS THEREOF, OF PRECIOUS METAL OR OF METAL CLAD WITH PRECIOUS METAL
(a) any small objects of personal adornment (for example, rings, bracelets, necklaces, brooches,ear-rings, watch-chains, fobs, pendants, tie-pins, cuff-links, dress-studs, religious or other medals and insignia); and
(b) articles of personal use of a kind normally carried in the pocket, in the handbag or on theperson (for example,cigar or cigarette cases, snuff boxes, cachou or pill boxes, powder boxes, chain purses or prayer beads).
These articles may be combined or set, for example, with natural or cultured pearls, precious or semi-precious stones, synthetic or reconstructed precious or semi-precious stones, tortoise shell, motherof-pearl, ivory, natural or reconstituted amber, jet or coralDefinitions
“precious metal” means silver, gold and platinum.
“platinum” means platinum, iridium, osmium, palladium, rhodium and ruthenium.
any alloy containing precious metal is to be treated as an alloy of precious metal if any one precious metal constitutes as much as 2% by weight, of the alloy.
(a) an alloy containing 2% or more, by weight, of platinum is to be treated as an alloy of platinum
(b) an alloy containing 2% or more, by weight, of gold but not platinum, or less than 2% by weight,of platinum, is to be treated as an alloy of gold
(c) other alloys containing 2% or more, by weight, of silver are to be treated as alloys of silver - AuthorPosts
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