Silver articles of jewelry and parts thereof fall under the HS Code 71131150. This code is used to classify and categorize these specific products for import and export purposes. The HS code is an internationally recognized system of product classification, which allows for uniformity and consistency in trade documentation and regulations.
The product description for HS Code 71131150 indicates that it includes silver articles of jewelry and their parts, not elsewhere specified or included. These articles should be valued at over $18 per dozen pieces or parts.
When importing or exporting products under HS Code 71131150, it is important to consider the duty rates and any special tariff preference programs that may apply. The bound or most-favored-nation (MFN) duty rate for this HS code is 5%. This means 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 HS Code 71131150 is indicated as "no units collected (X)". This suggests that there is no specific unit of measurement associated with this HS code, and the quantity may vary depending on the specific product being imported or exported.
There are several special tariff preference programs that offer duty-free treatment for products classified under HS Code 71131150. These programs include:
When importing products under HS Code 71131150 into the United States, the following states are known to import these goods:
On the other hand, the known exporting states for products under HS Code 71131150 from the United States are also Maryland and Rhode Island.
HS Code 71131150 represents silver articles of jewelry and parts thereof, valued over $18 per dozen pieces or parts. It is important to consider the duty rates and any special tariff preference programs when importing or exporting these products. The HS code provides a standardized classification system for trade documentation and regulations, ensuring uniformity and consistency in international trade.