HS Code for Silver scrap
Silver scrap is classified under HS code 7112.99. This subheading 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. Subheading 7112.99 specifically refers to waste and scrap of precious metals other than gold or platinum, which includes silver. This classification is used for items that are no longer fit for their original purpose due to breakage, cutting-up, wear, or other reasons, and are imported or exported primarily for the value of the silver they contain. It includes silver-plated scrap and silver alloys. However, it excludes ash containing precious metals, which is classified under 2620. The classification of scrap is often complex because it requires determining whether the item is truly waste or if it retains its character as a functional object. Under the Harmonized System, if an item is being traded for its metal content rather than its utility, it falls under Chapter 71. This ensures that the recovery and recycling of precious metals are monitored and taxed appropriately across international borders, supporting the circular economy in the precious metals industry.
Products Included
- Broken silver jewelry intended for melting
- Industrial silver waste from manufacturing
- Scrap silver-plated cutlery
- Spent silver catalysts (if for metal recovery)
Common Misclassification
Silver scrap is frequently misclassified under 2620.99, which covers ash and residues containing metals. However, if the scrap is metallic, it belongs in 7112. It is also sometimes incorrectly declared as 7106.10 (silver powder) if the scrap has been finely ground, but 7112.99 is more appropriate for waste material.
FAQ
What is the HS code for Silver scrap?
The HS code for silver scrap is 7112.99, covering waste and scrap of precious metals excluding gold and platinum.
Does silver scrap include silver-plated items?
Yes, heading 7112 specifically includes waste and scrap of base metals clad with precious metal, which encompasses silver-plated scrap.
Industry
Frequently Asked Questions
What is the HS code for Silver scrap?
The HS code for Silver scrap is 711299 (Waste and scrap of precious metals; waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds).
How do I classify Silver scrap for customs?
Silver scrap is classified under HS code 711299 — Waste and scrap of precious metals; waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds. This is a 6-digit subheading level code.
Is the HS code for Silver scrap the same in all countries?
The base HS code 711299 for Silver scrap is internationally standardized for the first 6 digits across 200+ countries. Individual countries may add additional digits for national tariff lines and specific classifications.