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HSN Code 2616 refers to "Precious-metal ores and concentrates." This classification code is essential for identifying precious metals and their derivatives for import/export purposes based on their nature, composition, and intended use. Common products under HSN Code 2616 include gold ores, silver ores, platinum concentrates, and other precious metal concentrates. Additionally, the GST rate for precious-metal ores and concentrates under this code ensures accurate trade compliance.
HSN Code2616
| HSN Code | Description | GST% | Effective Date |
|---|---|---|---|
| 261610 | Silver ores and concentrates | 5% | 01/07/2017 |
| 261690 | Precious-metal ores and concentrates (excluding silver ores and oncentrates) | 5% | 01/07/2017 |
| 26161000 | SILVER ORES AND CONCENTRATES | 5% | 01/07/2017 |
| 26169010 | GOLD ORES AND CONCENTRATES | 5% | 01/07/2017 |
| 26169090 | OTHER PRECIOUS METALORES AND CONCENTRATES | 5% | 01/07/2017 |
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