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of <h1>Tariff item 7112 in Schedule IV: GST set at 3% from 22 September 2025 for precious metal scrap recovery</h1> Tariff item 7112 (waste and scrap of precious metal, metal clad with precious metal, and other waste and scrap containing precious metal or compounds used principally for recovery of precious metal) is classified in Schedule IV and will be subject to GST at 3% effective 22 September 2025. The entry establishes the taxable rate and scope for recovery-grade precious metal scrap under the amended schedule.
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