HS Code for Gold scrap

Gold scrap is classified under HS code 7112.91. This code is designated for waste and scrap of gold, including metal clad with gold, but specifically excludes sweepings containing other precious metals. The classification is intended for items that are no longer fit for their original purpose and are intended solely for the recovery of the precious metal content. This includes broken jewelry, industrial rejects, and spent components where the gold can be economically extracted. The Harmonized System places a high priority on the intended use (recovery) and the physical condition (waste) for this heading. It is important to note that for an item to be classified as scrap, it must be rendered unusable for its original function; otherwise, it may be classified as used goods under its original heading.

Products Included

• Broken or damaged gold jewelry intended for melting
• Industrial gold waste from manufacturing processes
• Discarded gold-plated electronic parts for metal recovery
• Gold-clad base metal scrap
• Old gold coins that are damaged and sold for bullion value

Common Misclassification

Gold scrap is frequently misclassified under 7112.30, which is for ash and sweepings containing precious metals. Another common error involves electronic waste; while gold-bearing circuit boards might contain gold, they are often classified under 8549.21 as electrical and electronic waste unless they have been processed specifically into a metallic scrap form.

FAQ

What is the HS code for gold scrap?

The standard HS code for gold waste and scrap is 7112.91.

Does this code include gold-plated scrap?

Yes, 7112.91 includes waste and scrap of base metal clad with gold, provided it is being imported for metal recovery.