The goods are having major portion of their value due to the silver component, and are sold only at jewelry shops.
Along with the above question, what is the scope of Note 1 of Chapter 71 which covers the phrase 'wholly or partly of precious metal' ? It is known that base metal clad with precious metal falls under Chapter 71, but what is the case when the base material is wood ? Would this fall under the term 'partly made of precious metal' ?
Clarification Sought on GST Applicability for Silver-Clad Wooden Items Withdrawn; Concerns on Chapter 71 Coverage Unresolved. A query was raised regarding the applicability of GST on silver-clad wooden items sold for decorative purposes, specifically when sold in jewelry shops. The question focused on whether such items, primarily valued for their silver content, fall under the scope of Chapter 71, which covers goods 'wholly or partly of precious metal.' The query sought clarification on whether items with a wooden base clad in silver would be considered 'partly made of precious metal.' However, the individual who initiated the query decided to withdraw it. (AI Summary)
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