HS Code for Platinum bars

Platinum bars are classified under HS code 7110.19 when they are in a "semi-manufactured" state. In the context of precious metals, semi-manufactured refers to products that have undergone some degree of processing beyond simple casting or sintering but are not yet finished articles like jewelry. This includes bars that have been rolled, drawn, or extruded. Heading 7110 covers platinum and its alloys, while subheading 7110.19 specifically excludes unwrought forms or powders. The classification is vital for the trade of bullion and industrial-grade platinum used in chemical or electrical applications. It requires precise metallurgical testing to ensure the platinum content meets the definitions provided in the Chapter 71 notes, which specify that platinum includes iridium, osmium, palladium, rhodium, and ruthenium for certain classification purposes. These bars are typically traded based on their weight and purity, often reaching 99.9% fineness, and are used as both an investment vehicle and a raw material for high-tech manufacturing.

Products Included

• Rolled platinum bars for industrial use
• Semi-finished platinum rods and profiles
• Platinum alloy bars (where platinum predominates)
• Extruded platinum rectangular bars
• Platinum sheets or strips in semi-manufactured form

Common Misclassification

Platinum bars are often misclassified under 7110.11, which is strictly for unwrought platinum or platinum in powder form (such as cast bars that have not been further worked). They may also be confused with 7113.19 if they are intended for jewelry but have already been shaped into specific settings. If the bar is made of palladium or another platinum-group metal where that metal predominates over platinum, it would fall under different subheadings within 7110.

FAQ

What is the HS code for Platinum bars?

The HS code for semi-manufactured platinum bars is 7110.19.

What is the difference between unwrought and semi-manufactured bars?

Unwrought bars (7110.11) are typically cast or sintered without further processing, while semi-manufactured bars (7110.19) have been rolled, drawn, or worked after initial casting.