HS Code for Unwrought platinum

Unwrought platinum is classified under HS code 7110.11. This classification is part of Chapter 71, which governs precious metals and their alloys. Platinum is the lead metal of the platinum-group metals (PGMs), which also includes palladium, rhodium, iridium, osmium, and ruthenium. Under Chapter 71, Note 4(b), the expression "platinum" means platinum, iridium, osmium, palladium, rhodium, and ruthenium; however, heading 7110 provides specific subheadings for each. HS code 7110.11 is reserved for platinum itself in its unwrought or powder form. "Unwrought" refers to the metal in its primary state after refining, typically cast into ingots or bars, or in the form of grains. The inclusion of powder in this subheading is a specific rule for precious metals, distinguishing it from base metals where powders are often classified separately. This classification is vital for the global trade of platinum used in industrial catalysts, laboratory equipment, and investment bullion.

Products Included

• Platinum ingots
• Platinum powder
• Platinum grains
• Platinum sponge
• Platinum cast bars
• Platinum lumps

Common Misclassification

A frequent error is misclassifying platinum under 7110.19, which is for semi-manufactured platinum. Semi-manufactured forms include products that have been further processed into sheets, strips, wires, or tubes. Another common mistake is confusing platinum with other PGMs like palladium (7110.21) or rhodium (7110.31). Furthermore, platinum-clad base metals or silver are classified under 7111.00. Finally, waste and scrap of platinum are classified under 7112.91, which is distinct from the primary unwrought metal.

FAQ

What is the HS code for Unwrought platinum?

The HS code for unwrought platinum or platinum in powder form is 7110.11.

Is platinum bullion classified here?

Yes, platinum investment bullion in the form of cast ingots or bars is typically classified under 7110.11, provided it has not been worked beyond casting.