HS Code 7108
Unwrought and Semi-manufactured Gold
HS code 7108 covers gold in unwrought forms, including bullion and powder, and semi-manufactured forms like sheets and wire, including gold for monetary use.
4-digit Section XIVAir
HS Code 7108 — Unwrought and Semi-manufactured Gold
This code covers gold in forms such as bullion, ingots, powder, and semi-manufactured shapes like wire or sheets. It includes monetary gold, non-monetary gold, and gold plated with platinum.
What's included
- Gold bullion bars
- Gold coins (non-legal tender)
- Gold powder
- Gold wire
- Gold leaf
What's excluded
- Gold jewellery → use
711319(Finished jewellery items are classified under the jewellery heading.) - Waste and scrap of gold → use
7112(Gold waste and scrap must be classified under 7112.)
Common examples
- 24k gold investment bar
- Dental gold alloy
- Gold soldering wire
- Industrial gold sputtering target
Frequently asked questions
Is investment gold VAT exempt?
In many jurisdictions like the EU and UK, investment-grade gold bars and coins are VAT exempt, but they must still be declared under 7108.
Trade & shipping notes
- Typical duty range: 0% - 15%
- Documentation: Requires Assay Certificate and proof of origin to comply with AML (Anti-Money Laundering) regulations.
- Typical shipping mode: Air
- Top exporters: Switzerland, United Arab Emirates, South Africa, Australia
- Top importers: China, India, Switzerland, United Kingdom
Related HS codes
Key takeaway
The primary code for gold as a commodity or raw material.
Related HS codes
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