What is HSN Code 7112?
HSN code 7112 is the Harmonized System of Nomenclature classification for Waste And Scrap Of Precious Metal Or Of Metal Clad With Precious Metal under India's Goods and Services Tax (GST). It is a 4-digit code sitting at the heading (4-digit) level of the HSN hierarchy.
This code belongs to Chapter 71 — Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, which is part of Section XIV: Pearls, Precious Stones & Metals. Every GST-registered business supplying waste and scrap of precious metal or of metal clad with precious metal must quote HSN 7112 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.