HS Code for Platinum scrap

Platinum scrap is classified under HS code 7112.92. This code is part of heading 7112, which covers waste and scrap of precious metal or of metal clad with precious metal, as well as other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal. Specifically, 7112.92 is designated for waste and scrap of platinum, including metal clad with platinum. This classification is essential for the global recycling and refining industry. To qualify for this code, the material must be in a condition that renders it fit only for the recovery of the metal or for use as a basis for the manufacture of chemicals. This includes worn-out industrial catalysts, broken jewelry, or manufacturing offcuts. The classification is driven by the intent of use and the physical state of the material, following the Section XIV notes which prioritize the recovery aspect of these materials over their original manufactured purpose.

Products Included

• Worn-out platinum laboratory crucibles
• Broken platinum jewelry intended for melting
• Platinum-clad metal offcuts and shavings
• Spent platinum-bearing catalysts (not on a support)
• Discarded platinum electrical contacts

Common Misclassification

A common misclassification occurs with HS code 7112.30, which is for ash containing precious metal (sweepings). While both are waste products, 7112.30 is specifically for the residues from the working of precious metals, whereas 7112.92 is for the scrap metal itself. Another error is classifying scrap under 7110.11 (unwrought platinum). While scrap is often melted into unwrought forms, the material must be classified as scrap (7112) until it has been refined and cast into a primary form. Finally, spent catalysts on a support (like a ceramic honeycomb) are often classified under 3815.12, though they may be moved to 7112 if they are being traded solely for metal recovery.

FAQ

What is the HS code for platinum scrap?

The HS code for platinum scrap, including metal clad with platinum, is 7112.92.

Can broken platinum jewelry be classified as scrap?

Yes, if the jewelry is broken or worn to the point of being unusable and is being sold for its metal value for refining, it is classified under 7112.92.