Silver rope, curb, etc. in continuous lengths, whether or not plated or clad with other precious metals, suitable for jewelry manufacture, falls under HS Code 71131110. This code is used to classify and identify this specific type of silver product in international trade.
The HS Code system is an internationally recognized standard for classifying and categorizing goods for customs and trade purposes. It helps in the smooth flow of goods across borders by providing a uniform system of product identification.
Importing countries, such as the United States, use HS Codes to determine the applicable customs duties and tariffs for specific products. Let's take a closer look at the details and implications of HS Code 71131110.
The product description for HS Code 71131110 is "Silver rope, curb, etc. in continuous lengths, whether or not plated/clad with other precious metal, suitable for jewelry manufacture." This means that the silver product can be in the form of a rope or curb, and it can be used for making jewelry.
The product may or may not be plated or clad with other precious metals. Plating or cladding refers to the process of applying a thin layer of another metal, such as gold or platinum, onto the surface of the silver. This can enhance the appearance and durability of the jewelry.
The bound / most-favored nation (MFN) duty rate for HS Code 71131110 is 6.3%. The MFN duty rate is the rate that applies to imports from all trading partners, regardless of any special tariff preference programs or free trade agreements.
When a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment for all countries in international trade.
HS Code 71131110 is eligible for various special tariff preference programs. These programs provide preferential treatment, such as duty-free or reduced-duty treatment, for imports of this specific silver product. The following programs apply:
These special tariff preference programs aim to promote trade and economic development between participating countries. Importers can benefit from reduced or eliminated customs duties when importing HS Code 71131110 from these eligible countries.
Based on the available data, the following US states are involved in the import of products classified under HS Code 71131110:
These states are actively involved in importing silver ropes, curbs, and similar products for jewelry manufacturing purposes. The data suggests that there is demand for these products in these states, either for domestic consumption or further distribution to other regions.
On the other hand, the following US states are involved in exporting products classified under HS Code 71131110:
These states are actively engaged in the export of silver ropes, curbs, and similar products. They are likely producers or distributors of these products, supplying them to both domestic and international markets.
HS Code 71131110 plays a crucial role in facilitating the import and export of silver ropes, curbs, and related silver products for jewelry manufacturing purposes. It allows for the smooth classification, identification, and regulation of these products in international trade.