HSN CODE - 71110000 : SMI MNFCTRD BS MTLS;SLVR/GLD,CLD WTH PLTNM

Harmonised System of Nomenclature (HSN Codes) 71110000 are used for the SMI MNFCTRD BS MTLS;SLVR/GLD,CLD WTH PLTNM 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 71110000

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 (11) represent the heading number which is PLATINUM, UNWROUGHT OR IN SEMI- MANUFACTURED FORM, OR IN POWDER FORM

Next two digits (00) represent the product code which is Iridium, osmium and ruthenium

Last two digits (00) are for final or deeper classification which is SMI MNFCTRD BS MTLS;SLVR/GLD,CLD WTH PLTNM

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