HSN CODE - 71082000 : MONETARY GOLD

Harmonised System of Nomenclature (HSN Codes) 71082000 are used for the MONETARY GOLD products under Goods and Service Tax classification.

India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.

Understanding HSN Code 71082000

First two digits (71) represent the chapter number which is Chapter 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewellery; coin.

Next two digits (08) represent the heading number which is GOLD (INCLUDING GOLD PLATED WITH PLATINUM) UNWROUGHT OR IN SEMI-MANUFACTURED FORMS, OR IN POWDER FORM

Next two digits (20) represent the product code which is Non-Monetary

Last two digits (00) are for final or deeper classification which is MONETARY GOLD

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.