HS Code for Gold waste

Gold waste is classified under HS code 7112.91 because it falls within the category of waste and scrap of precious metals. Chapter 71 of the Harmonized System is dedicated to natural or cultured pearls, precious or semi-precious stones, and precious metals. Within this chapter, heading 7112 specifically addresses waste and scrap of precious metal or of metal clad with precious metal. The subheading 7112.91 is reserved for gold, including metal clad with gold, but explicitly excludes sweepings containing other precious metals, which are categorized elsewhere. This classification is determined by the primary material value and the intended use of the item, which is typically for the recovery of the precious metal content through refining processes. The classification remains consistent regardless of whether the gold is in the form of discarded jewelry, industrial residues, or obsolete electronic components, provided the gold content is the defining characteristic for its recovery value. According to the General Rules of Interpretation (GRI), specifically GRI 1, classification is determined by the terms of the headings and any relative section or chapter notes. Chapter Note 4 to Chapter 71 defines \"precious metal\" to include gold. Furthermore, the waste must be fit only for the recovery of metal or for use in the manufacture of chemicals. If the item is still usable for its original purpose, it cannot be classified as waste. The distinction between waste and scrap is also important; scrap generally refers to worn-out or broken articles, while waste refers to residues from manufacturing. Both are covered under this code if they consist of gold or gold-clad materials.

Products Included

• Old or broken jewelry made of gold
• Industrial gold scrap from manufacturing
• Gold-plated electronic scrap intended for metal recovery
• Gold filings and dust from jewelry workshops
• Discarded gold-clad base metal parts

Common Misclassification

Gold waste is frequently confused with HS code 7112.30, which covers ash containing precious metal or sweepings. While both involve gold recovery, 7112.30 is specifically for the fine residues collected from floors or filters. Another common error is using 2616.90, which is for precious metal ores and concentrates; however, 2616.90 applies to naturally occurring minerals rather than man-made waste or scrap.

FAQ

What is the HS code for gold waste?

The primary HS code for gold waste and scrap, including metal clad with gold, is 7112.91.

Does this code include gold-plated circuit boards?

Yes, if the circuit boards are being imported specifically for the recovery of the gold content and are no longer functional as electronics, they are classified under 7112.91.