HSN CODE - 71123000 : ASH CNTNG PRCS MTL/PRCS MTL CMPNDS

Harmonised System of Nomenclature (HSN Codes) 71123000 are used for the ASH CNTNG PRCS MTL/PRCS MTL CMPNDS 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 71123000

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 (12) represent the heading number which is 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

Next two digits (30) represent the product code which is

Last two digits (00) are for final or deeper classification which is ASH CNTNG PRCS MTL/PRCS MTL CMPNDS

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