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Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum

HS Code: 7112922001

SECTION 14

NATURAL OR CULTURED PEARLS, PRECIOUS OR SEMI-PRECIOUS STONES, PRECIOUS METALS, METALS CLAD WITH PRECIOUS METAL, AND ARTICLES THEREOF; IMITATION JEWELLERY; COIN

CHAPTER 71

Natural or cultured pearls, precious or semi- precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

HEADING 7112

 Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds

HS Code Structure Breakdown

LevelCodeDescription
Section14NATURAL OR CULTURED PEARLS, PRECIOUS OR SEMI-PRECIOUS STONES, PRECIOUS METALS, METALS CLAD WITH PRECIOUS METAL, AND ARTICLES THEREOF; IMITATION JEWELLERY; COIN
Chapter71Natural or cultured pearls, precious or semi- precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Heading7112 Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds
Subheading711292Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum
Commodity7112922001Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum
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HS Code 7112922001 for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum

Product Wiki

Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum has a clear classification code under the Harmonized Commodity Description and Coding System (HS Code), serving as an essential basis for customs authorities worldwide to conduct trade statistics and levy tariffs.

Cross-border trade data shows that China holds a non-negligible market share in the manufacturing and export supply of Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum, with its export volume maintaining a high level over the long term.

Governments and industry associations worldwide usually set different market access standards, quality certifications, and environmental requirements for the import and export of Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum.

With technological advancements and the diversification of market demands, the scope of application for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum continues to expand, driving the development of related industries.

Currently, the global supply-demand balance of Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum is profoundly affected by macroeconomic fluctuations and geopolitics, with market prices and trade flows exhibiting cyclical variations.

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HS Code FAQ

What is the HS code for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum? Which HS classification does it belong to?

The HS code for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum is 7112922001. This product is classified under: Section 14, Chapter 71 (if applicable, otherwise not shown), Heading 7112 (if applicable, otherwise not shown). This code is used in international trade for the standardized classification and customs declaration of Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum.

What are the import VAT rate and export tax rebate rate for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum?

The import VAT rate and export tax rebate rate for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum depend on its specific HS Code, product category, and the latest customs tariff policies. In general, import VAT rates may fall under different brackets such as 13% or 9%, while export tax rebate rates may vary between 0%, 9%, and 13%. Different products are subject to different tax regulations and rebate policies. Please refer to the latest information released by customs and tax authorities for the most accurate rates.

Is the HS code for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum the same across different countries?

The HS code for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum under the internationally standardized HS coding system is 7112922001, but some countries may use different suffix extensions. It is recommended to confirm based on the customs regulations of the destination country.

How can I confirm whether Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum corresponds to the correct HS code?

You can determine this by checking the function, material, and usage of Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum, and verifying whether the corresponding HS code matches the actual classification rules. If necessary, official classification guidelines or historical declaration cases can also be referenced for validation.

How are the taxes and duties for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum calculated?

The taxes and duties for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum usually consist of customs duties, value-added tax , and other additional charges. The exact amount depends on the declared value and the import policies of the destination country.

What happens if the HS code 7112922001 for Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum is declared as a different HS code?

If Other waste and scraps containing 3% or more of platinum, but excluding sweepings containg other precious metals, used principally for recycling platinum (HS Code: 7112922001) is declared incorrectly, it may result in customs clearance delays, tax adjustments, or compliance risks. It is recommended to correct the declaration as soon as possible or contact the customs clearance service provider for assistance. Platforms such as XTransfer can also provide declaration and risk control support to help reduce risks.