Silver articles of jewelry and parts thereof fall under the HS Code 71131120. This code is used to classify and identify these specific products for international trade purposes. The description of the products covered by this HS code is as follows: silver articles of jewelry and parts thereof, not elsewhere specified or included, valued at not more than $18 per dozen pieces or parts.
The bound or most-favored-nation (MFN) duty rate for products falling under this HS code is 13.5%. The MFN duty rate signifies that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is not collected, denoted by "no units collected (X)". This indicates that the quantity of the product is not considered for import or export purposes.
There are several special tariff preference programs that apply to products classified under HS Code 71131120. These programs provide either duty-free treatment or reduced duty rates for eligible countries. The special tariff preference programs for this HS code include:
When importing products classified under HS Code 71131120, the following US states have reported the highest number of imports:
On the other hand, the following US states have reported the highest number of exports for products classified under HS Code 71131120:
HS Code 71131120 is used to classify and identify silver articles of jewelry and parts thereof, valued at not more than $18 per dozen pieces or parts. This HS code is subject to a bound or MFN duty rate of 13.5%. Various special tariff preference programs provide either duty-free treatment or reduced duty rates for eligible countries. When it comes to imports and exports, states like New York, Connecticut, Florida, and Rhode Island have reported significant activity in this product category.