The HS Code 71129100 refers to gold waste and scrap, including metal clad with gold but excluding sweepings containing other precious metals. This code is used to classify and identify specific goods for international trade purposes. Understanding this code is essential for importers, exporters, and government authorities involved in global trade.
Gold waste and scrap are materials that contain gold but are no longer in their original form or intended use. This can include discarded jewelry, industrial byproducts, and other items that contain gold but are no longer usable in their current state. However, it is important to note that this classification excludes sweepings containing other precious metals.
The bound/MFN duty rate for HS Code 71129100 is free. This means that when a country lowers a trade barrier or opens up a market, it must provide the same treatment for this product from all its trading partners. The duty rate of free encourages trade and ensures fair treatment for all countries involved.
The quantity unit for HS Code 71129100 is grams (GM). This unit of measurement is used to determine the weight of the gold waste and scrap being imported or exported. It helps in calculating the value and quantity of the goods accurately.
HS Code 71129100 is eligible for various special tariff preference programs. These programs provide specific benefits or reduced duty rates for certain countries. The following programs apply:
These special tariff preference programs aim to promote trade, strengthen economic relationships, and provide benefits to specific countries or regions.
When it comes to importing HS Code 71129100 to the United States, the following states are involved:
These states engage in the importation of gold waste and scrap, contributing to the country's overall trade volume in this sector.
On the other hand, the following states are involved in exporting HS Code 71129100 from the United States:
These states play a role in supplying gold waste and scrap to international markets, contributing to the country's export activities in this sector.
HS Code 71129100 represents gold waste and scrap, including metal clad with gold but excluding sweepings containing other precious metals. Understanding the product description, duty rates, special tariff preference programs, and the involvement of specific states in import and export activities is crucial for anyone involved in the global gold waste and scrap trade.