HS Code for Gold Doré Bars (HS 7108.12)
Doré is semi-refined gold (typically 60-90% Au, balance Ag and base metals) cast at mine site for shipment to a refinery. LBMA Responsible Gold Guidance mandates KYC on all doré inputs. Switzerland (Metalor, Argor-Heraeus, PAMP, Valcambi), UAE (Kaloti, Emirates Gold) and India (MMTC-PAMP) are the major refining hubs.
Sample 6-digit codes
| Code | Description |
|---|---|
| 7108.11 | Gold in powder form, non-monetary |
| 7108.12 | Gold in other unwrought forms, non-monetary (includes doré) |
| 7108.13 | Gold in semi-manufactured forms |
| 7108.20 | Gold, monetary |
Typical import duty by market
| Market | Duty |
|---|---|
| Switzerland | 0% Free-port refining regime. |
| UAE | 0% Federal Decree Law 20/2018 KYC + Kimberley-style due diligence from 2023. |
| India | 10% BCD Plus 5% AIDC + 3% GST; MMTC/nominated agencies scheme. |
| Turkey | 0% Istanbul Gold Refinery hub. |
Numerical Example: 50 kg doré (75% Au, 20% Ag), FOB Accra USD spot-referenced, CIF Dubai (refining)
50 kg doré (75% Au, 20% Ag), FOB Accra USD spot-referenced, CIF Dubai (refining). Run your own numbers in the Import Duty & Tax calculator.
- · LBMA Responsible Gold Guidance v9 (2021).
- · OECD Due Diligence Guidance for Minerals from Conflict-Affected Areas.
- · US Dodd-Frank Section 1502 (conflict minerals) - indirect gold reporting.
- · EU Conflict Minerals Regulation 2017/821.
- · Ghana
- · Peru
- · Mali
- · Burkina Faso
- · Papua New Guinea
Frequently asked questions
Zero import duty, mature logistics (DGCX, Emirates NBD gold-backed finance), and until 2023 lighter KYC. Post-FATF grey listing and Federal Decree 20/2018, UAE now requires OECD-aligned due diligence - flows are stabilising but still command ~35% of African doré.
Import duty and tax by destination market
Typical MFN duty, consumption tax and the tax base applied to metals (HS 7108.12) in each market we cover. Rates are indicative at the 6-digit line | confirm the national 8/10-digit code with your broker.
| Market | Duty | Consumption tax | Tax base | Tax as % of CIF |
|---|---|---|---|---|
| India | 15% | IGST 18% | Assessable value + duty | 36.1% |
| United Arab Emirates | 0% | VAT 5% | CIF + duty | 5.0% |
| Saudi Arabia | 0% | VAT 15% | CIF + duty | 15.0% |
| Singapore | 0% | GST 9% | CIF + duty | 9.0% |
| China | 0% | VAT 13% | CIF + duty | 13.0% |
| United States | 0% | Federal VAT 0% | CIF | 0.3% |
| United Kingdom | 0% | VAT 20% | CIF + duty | 20.0% |
| Germany | 0% | USt 19% | CIF + duty | 19.0% |
| Netherlands | 0% | BTW 21% | CIF + duty | 21.0% |
| Vietnam | 0% | VAT 10% | CIF + duty | 10.0% |
| Türkiye | 0% | KDV 20% | CIF + duty | 20.0% |
| Japan | 0% | JCT 10% | CIF + duty | 10.0% |
| South Korea | 0% | VAT 10% | CIF + duty | 10.0% |
| Brazil | 0% | IPI+PIS/COFINS+ICMS 32% | CIF + duty | 32.0% |
| Indonesia | 0% | PPN 11% | CIF + duty | 13.5% |
| Mexico | 0% | IVA 16% | CIF + duty | 16.9% |
| Egypt | 0% | VAT 14% | CIF + duty | 14.0% |
| Nigeria | 0% | VAT 7.5% | CIF + duty | 9.1% |
| South Africa | 0% | VAT 15% | Assessable value + duty | 16.5% |
| Australia | 0% | GST 10% | CIF + duty | 10.0% |
Run your own numbers with the landed cost calculator or check documentation requirements in the LC document checklist.