Rhodium, a precious metal belonging to the platinum group, has various applications in industries such as jewelry, electronics, and automotive. Its semimanufactured forms are in high demand due to their unique properties and versatility. In this article, we will explore the HS Code 71103900, which specifically covers the product description of Rhodium in semimanufactured forms.
The Harmonized System (HS) is an international standard for classifying traded products. HS Code 71103900 specifically categorizes Rhodium in semimanufactured forms. This code helps customs authorities and traders identify and classify the product for import and export purposes.
The product description covered under HS Code 71103900 is Rhodium in semimanufactured forms. This includes various forms of Rhodium, such as bars, plates, sheets, and wire, that have undergone partial manufacturing processes but are not yet fully finished products. These semimanufactured forms of Rhodium are used as raw materials in various industries.
The bound or Most Favored Nation (MFN) duty rate for HS Code 71103900 is free. This means that countries must provide duty-free treatment to Rhodium in semimanufactured forms when imported or exported. It reflects the principle of non-discrimination, where a country must lower trade barriers and open up its market for the same goods or services from all its trading partners.
The quantity unit component for Rhodium in semimanufactured forms is grams (CGM). This indicates that the weight of the product is measured in grams. The precise measurement of the weight is crucial for accurate valuation and trade transactions.
HS Code 71103900 is eligible for various special tariff preference programs that provide additional benefits to certain countries. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
When it comes to Rhodium in semimanufactured forms (HS Code 71103900), certain US states have been actively involved in importing and exporting the product. The following states have recorded significant import activities:
On the other hand, the following US states have been actively exporting Rhodium in semimanufactured forms:
These states play a crucial role in the trade of Rhodium in semimanufactured forms, contributing to the global supply chain of this valuable material.
HS Code 71103900 encompasses Rhodium in semimanufactured forms, providing a standardized classification for import and export purposes. Understanding this HS code is essential for traders, customs authorities, and industry professionals involved in the trade of Rhodium. With its unique properties and versatile applications, Rhodium continues to play a significant role in various industries worldwide.