HSN Code 71123000 -- – Waste and scrap of precious metal or of metal clad with precious metal; other wa (GST Rate 3%)

HSN Code 71123000

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 - ash containing precious metal or precious metal compounds

HSN71123000

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 - ash containing precious metal or precious metal compounds

3%
IGST
Schedule IV
CGST1.5%
SGST/UTGST1.5%
CessNil
Chapter: Chapter 71 -- Pearls, precious stones, metals, jewellery
Heading: 7112
Subheading: 711230
Source: Notification No. 9/2025 - Central Tax (Rate)
Effective from: 2025-09-22
Last verified: 2026-06-03

When does this rate apply?

Use this HSN Code on tax invoices when supplying Waste and scrap of precious metal or of metal clad with precious metal; other wa. GST is charged at 3% (IGST for inter-state, or CGST 1.5% + SGST 1.5% for intra-state). If the supply is exported under LUT, the rate is zero with no IGST charged.

This page is reviewed by CA Tirumalesh. For high-value or unusual transactions, confirm with the latest CBIC notification or consult a chartered accountant before invoicing.

Create an invoice with this code → See all items at 3% →

Related codes from Pearls, precious stones, metals, jewellery

71129100
Waste and scrap of precious metal or of metal clad with precious metal
3%
71129200
Waste and scrap of precious metal or of metal clad with precious metal
3%
71129910
Waste and scrap of precious metal or of metal clad with precious metal
3%
71129920
Waste and scrap of precious metal or of metal clad with precious metal
3%
71129990
Waste and scrap of precious metal or of metal clad with precious metal
3%

Frequently asked questions

What is HSN Code 71123000?
HSN Code 71123000 is the official Harmonized System of Nomenclature code for Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal , as per the CBIC GST rate schedule.
What is the GST rate for HSN Code 71123000?
HSN Code 71123000 attracts GST at 3% (IGST). For intra-state supplies, this is split as CGST 1.5% + SGST 1.5%. As per Notification No. 9/2025 - Central Tax (Rate).
Which chapter does HSN Code 71123000 belong to?
HSN Code 71123000 falls under Chapter 71 -- Pearls, precious stones, metals, jewellery of the GST tariff.
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