Subheading · Chapter 71 · Section XIV, Natural or cultured pearls, precious or semi-precious stones, precio…
HS 7112 99Waste 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: other
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
- Customs duty
- 10%
- 3 tariff items
- GST now
- 3%
- Import policy
- Restricted
- Export policy
- Free
- Unit
- kg
- Duty in China
- 0% to 8%
- On Indian goods
Codes under this subheading
3 codes. Duty and GST are set on the 8-digit tariff items; open the one that describes your goods.
| Code | Description | Customs duty | GST now | Unit |
|---|---|---|---|---|
| 7112 99 10 | Of silver, including metal clad with silver but excluding sweepings containing other precious metals | 10% | 3% | kg |
| 7112 99 20 | Sweepings containing gold or silver | 10% | 3% | kg |
| 7112 99 90 | Other | 10% | 3% | kg |
Importing into India
Duty is set on each 8-digit tariff item: open one of the codes above. Basic customs duty across its 3 tariff items: 10%. The rules below cover this whole code.
Anti-dumping, countervailing and safeguard duty
None in force on this code as on 20 Oct 2026.
Import policy (DGFT ITC(HS)) of its tariff items
- Restricted: 3 tariff items
GST
IGST on imports is the GST rate. Rates changed on 22 September 2025.
- Now 3%.
- Until 21 September 2025 3%.
- Change: Unchanged.
The rules that set it now
| Notification | Goods | Rate |
|---|---|---|
| 9/2025-Integrated Tax (Rate)Schedule IV, S.No. 9 | 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. | 3% |
History
| Period | Rate | Notification |
|---|---|---|
| Until 21 Sep 2025 | 3% | 1/2017-Central Tax (Rate) |
| From 22 Sep 2025 | 3% | 9/2025-Integrated Tax (Rate) |
Exporting from India
Export duty
Nil. The Second Schedule to the Customs Tariff Act does not list these goods, so no export duty is charged.
Duty drawback (All Industry Rates)
| Drawback item | Goods | Rate | Cap |
|---|---|---|---|
| 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 | Nil | — |
Drawback items follow the 4-digit heading, not the 8-digit code: claim the one that describes your goods. Rates of notification 77/2023-Customs (N.T.) as amended, in force on 20 Oct 2026.
Export policy (DGFT ITC(HS) Schedule 2) of its tariff items
- Free: 3 tariff items
What buyers pay abroad: import duty in the US, UK, EU and Australia for 7112 99, and China's below.
China: the same goods (7112 99)
China shares the first 6 digits with India and splits them into 10-digit codes of its own: 3 in force under 7112 99. Exporters see what China charges Indian goods; importers see the rebate and licences their Chinese supplier deals with.
| China code | Goods | Duty on Indian goods | MFN | Import VAT | Export rebate | Licences |
|---|---|---|---|---|---|---|
| 7112.99.10.00 | Waste and scrap containing silver or silver compounds含有银及银化合物的废碎料 | 8%MFN rate (no APTA concession on this line) | 8% | 13% | 13% | 9 |
| 7112.99.20.00 | Waste and scrap containing other precious metals or precious metal compounds含其他贵金属或贵金属化合物废碎料 | 6%MFN rate (no APTA concession on this line) | 6% | 13% | 0% | 9 |
| 7112.99.90.00 | Other waste and scrap of precious metal or precious metal compounds其他贵金属或贵金属化合物废碎料 | 0%MFN rate (no APTA concession on this line) | 0% | 13% | 0% | None |
- India is a member of the Asia-Pacific Trade Agreement (APTA). With an APTA certificate of origin, Indian goods pay China's APTA rate where the line has one; China applies the lower of that and its provisional rate.
- The export VAT rebate is what China refunds its own exporters. When China cuts it, Chinese export prices tend to rise.
Every Chinese code in full
7112.99.10Waste and scrap containing silver or silver compounds, mainly used for the recovery of precious metals
7112.99.10.00Waste and scrap containing silver or silver compounds含有银及银化合物的废碎料
Mainly used for the recovery of silver, other than goods of heading 85.49主要用于回收银,但税目 85.49的货品除外
- Unit
- g
- MFN import duty
- 8%
- Provisional import duty
- None
- General import duty
- 35%
- Import VAT
- 13%
- Consumption tax
- 0%
- Export duty
- 0%
- Provisional export duty
- None
- Export VAT rebate
- 13%
- Updated by China
- 23 Aug 2026
Licences and certificates
- 9Import prohibited禁止进口商品
Inspection and quarantine
None.
What the customs declaration must state
- 0.Brand type品牌类型
- 1.Export preferential status出口享惠情况
- 2.Condition (waste and scrap, ash)状态(废碎料、灰)
- 3.Source (obtained by crushing circuit boards containing precious metals, etc.)来源(由破碎含有贵金属的电路板而得等)
- 4.Content of precious metal贵金属的成分含量
- 5.GTIN
- 6.CAS
- 7.Other其他
China's agreement rates
- ASEAN
- 0%
- Chile
- 0%
- Pakistan
- 0%
- New Zealand
- 0%
- Peru
- 0%
- Costa Rica
- 0%
- Switzerland
- 0%
- Iceland
- 0%
- Australia
- 0%
- South Korea
- 0%
- Georgia
- 0%
- Mauritius
- 0%
- Maldives
- 0%
- Cambodia
- 0%
- Nicaragua
- 3.2%
- Ecuador
- 6.6%
- Serbia
- 0%
- Hong Kong
- 0%
- Macao
- 0%
RCEP rates
- Australia
- 0%
- Brunei
- 0%
- Cambodia
- 0%
- South Korea
- 0%
- Laos
- 0%
- Malaysia
- 0%
- New Zealand
- 0%
- Singapore
- 0%
- Thailand
- 0%
- Vietnam
- 0%
- Japan
- 4.4%
- Indonesia
- 0%
- Philippines
- 0%
- Myanmar
- 0%
CIQ codes
- 7112991000999Waste and scrap containing silver or silver compounds (chiefly for recovery of silver, but excluding goods of heading 85.49)含有银及银化合物的废碎料(主要用于回收银,但税目85.49的货品除外)
7112.99.20Waste and scrap containing other precious metals or precious metal compounds, principally used for the recovery of precious metals
7112.99.20.00Waste and scrap containing other precious metals or precious metal compounds含其他贵金属或贵金属化合物废碎料
Mainly used for the recovery of precious metals, excluding goods of heading 85.49主要用于回收贵金属,但税目 85.49的货品除外
- Unit
- g
- MFN import duty
- 6%
- Provisional import duty
- None
- General import duty
- 35%
- Import VAT
- 13%
- Consumption tax
- 0%
- Export duty
- 0%
- Provisional export duty
- None
- Export VAT rebate
- 0%
- Updated by China
- 7 Sep 2026
Licences and certificates
- 9Import prohibited禁止进口商品
Inspection and quarantine
None.
What the customs declaration must state
- 0.Brand type品牌类型
- 1.Export preferential status出口享惠情况
- 2.Condition (waste and scrap, ash)状态(废碎料、灰)
- 3.Source (obtained by crushing circuit boards containing precious metals, etc.)来源(由破碎含有贵金属的电路板而得等)
- 4.Content of precious metal贵金属的成分含量
- 5.GTIN
- 6.CAS
- 7.Other其他
China's agreement rates
- ASEAN
- 0%
- Chile
- 0%
- Pakistan
- 0%
- New Zealand
- 0%
- Peru
- 0%
- Costa Rica
- 0%
- Switzerland
- 0%
- Iceland
- 0%
- Australia
- 0%
- South Korea
- 0%
- Georgia
- 0%
- Mauritius
- 0%
- Maldives
- 0%
- Cambodia
- 0%
- Nicaragua
- 0%
- Ecuador
- 0%
- Serbia
- 0%
- Hong Kong
- 0%
- Macao
- 0%
RCEP rates
- Australia
- 0%
- Brunei
- 0%
- Cambodia
- 0%
- South Korea
- 0%
- Laos
- 0%
- Malaysia
- 0%
- New Zealand
- 0%
- Singapore
- 0%
- Thailand
- 0%
- Vietnam
- 0%
- Japan
- 0%
- Indonesia
- 0%
- Philippines
- 0%
- Myanmar
- 0%
CIQ codes
- 7112992000999Waste and scrap containing other precious metals or precious metal compounds (chiefly for the recovery of precious metals, but excluding goods of heading 85.49)含其他贵金属或贵金属化合物废碎料(主要用于回收贵金属,但税目85.49的货品除外)
7112.99.90Waste and scrap of precious metal or of metal clad with precious metal, not elsewhere specified or included
7112.99.90.00Other waste and scrap of precious metal or precious metal compounds其他贵金属或贵金属化合物废碎料
Mainly used for the recovery of precious metals, excluding goods of heading 85.49主要用于回收贵金属,但税目 85.49的货品除外
- Unit
- g
- MFN import duty
- 0%
- Provisional import duty
- None
- General import duty
- 50%
- Import VAT
- 13%
- Consumption tax
- 0%
- Export duty
- 0%
- Provisional export duty
- None
- Export VAT rebate
- 0%
- Updated by China
- 7 Sep 2026
Licences and certificates
None.
Inspection and quarantine
None.
What the customs declaration must state
- 0.Brand type品牌类型
- 1.Export preferential status出口享惠情况
- 2.Condition (waste and scrap, ash)状态(废碎料、灰)
- 3.Source (obtained by crushing circuit boards containing precious metals, etc.)来源(由破碎含有贵金属的电路板而得等)
- 4.Content of precious metal贵金属的成分含量
- 5.GTIN
- 6.CAS
- 7.Other其他
China's agreement rates
- ASEAN
- 0%
- Chile
- 0%
- Pakistan
- 0%
- New Zealand
- 0%
- Peru
- 0%
- Costa Rica
- 0%
- Switzerland
- 0%
- Iceland
- 0%
- Australia
- 0%
- South Korea
- 0%
- Georgia
- 0%
- Mauritius
- 0%
- Maldives
- 0%
- Cambodia
- 0%
- Nicaragua
- 0%
- Ecuador
- 0%
- Serbia
- 0%
- Hong Kong
- 0%
- Macao
- 0%
RCEP rates
- Australia
- 0%
- Brunei
- 0%
- Cambodia
- 0%
- South Korea
- 0%
- Laos
- 0%
- Malaysia
- 0%
- New Zealand
- 0%
- Singapore
- 0%
- Thailand
- 0%
- Vietnam
- 0%
- Japan
- 0%
- Indonesia
- 0%
- Philippines
- 0%
- Myanmar
- 0%
CIQ codes
- 7112999000999Other waste and scrap of precious metal or of precious metal compounds (chiefly for the recovery of precious metal, but excluding goods of heading 85.49)其他贵金属或贵金属化合物废碎料(主要用于回收贵金属,但税目85.49的货品除外)
China's tariff as compiled by HS编码网 from China Customs, the State Council Tariff Commission and the State Taxation Administration. The Chinese is the original.
Nearby codes
Previous7110 11Unwrought or in powder formOne level up7112Waste 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 8549Next7113 11Of silver, whether or not plated or clad with other precious metal
Sources
- GSTN HSN code masterChecked 13 Oct 2026
- DGFT ITC(HS) import and export policyChecked 9 Oct 2026
- GST rate per HSN (archived GSTZen extract)Checked 29 Sep 2026
- Customs Tariff of India (First Schedule): sections, chapters, notes and statutory BCDChecked 19 Oct 2026
- GST rates on goods, before and after 22 September 2025Checked 18 Oct 2026
- BIS compulsory certification: products and Quality Control OrdersChecked 18 Oct 2026
- Anti-dumping, countervailing and safeguard duties in force (India)Checked 19 Oct 2026
- India's export duty (Second Schedule to the Customs Tariff Act and notifications 27/2011, 55/2022, 22/2024)Checked 18 Oct 2026
- India's All Industry Rates of duty drawback (notification 77/2023-Customs (N.T.))Checked 19 Oct 2026
- China customs tariff (HS编码网)Checked 19 Oct 2026
For information, not a customs ruling. Only notifications published in the Gazette have legal force; confirm the duty with your customs broker or ICEGATE before you price a deal.