Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 71070000: Base metals clad with silver, not further worked than semimanufactured

The HS code 71070000 refers to base metals that are clad with silver and are not further worked than semimanufactured. This code is used to classify and identify specific products for international trade purposes. It helps customs authorities, importers, and exporters to easily categorize and track different goods.

Base metals clad with silver can include various items such as jewelry, coins, silver-plated utensils, and decorative objects. These products are typically made by bonding a layer of silver onto a base metal, such as copper or brass, to enhance their appearance or functionality.

The quantity unit for this HS code is grams (GM). This means that the weight of the product is measured in grams when it is imported or exported. It is important to accurately determine the weight to calculate the customs duties and taxes applicable to the shipment.

When importing or exporting products classified under HS code 71070000, it is essential to consider the applicable duty rates. The bound or MFN (Most Favored Nation) duty rate for this HS code is 3.3%. This rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.

In addition, there are special tariff preference programs available for products under HS code 71070000. These programs provide preferential treatment or duty exemptions for eligible countries. Some of the special tariff preference programs applicable to this HS code include:

• Generalized System of Preferences (GSP) - Provides duty-free treatment for eligible countries.
• Australia Special Rate - Offers a specific duty rate for imports from Australia.
• Bahrain Special Rate - Provides a special duty rate for imports from Bahrain.
• NAFTA for Canada - Allows duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate - Offers a specific duty rate for imports from Chile.
• Caribbean Basin Initiative (CBI) - Provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate - Offers duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA) - Provides duty preferences for eligible countries in the Andean region.
• Jordan Special Rate - Offers a specific duty rate for imports from Jordan.
• Morocco Special Rate - Provides a special duty rate for imports from Morocco.
• NAFTA for Mexico - Allows duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate - Offers a specific duty rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides duty preferences for eligible countries in the Dominican Republic and Central America.
• Peru Special Rate - Offers a specific duty rate for imports from Peru.
• Singapore Special Rate - Provides a special duty rate for imports from Singapore.

When it comes to importing products under HS code 71070000, the data shows that the most frequent importing US states are New York, Florida, Connecticut, and Nevada. These states have a higher demand for base metals clad with silver, possibly due to their large population and thriving jewelry and luxury goods markets.

On the other hand, the exporting US states for products under this HS code are primarily New York, California, and Nevada. These states might have a significant presence of manufacturers and exporters of silver-clad base metals, supplying both domestic and international markets.

HS code 71070000 represents base metals clad with silver, which are not further worked than semimanufactured. This code helps classify and track these products for international trade purposes. Importers and exporters need to be aware of the applicable duty rates and special tariff preference programs to optimize their trade activities. The data provided highlights the importing and exporting US states, giving insights into the geographical distribution of trade in products classified under this HS code.