Gold rope necklaces and neck chains fall under HS Code 71131921, which is specific to this type of jewelry. This HS code is used to classify and identify these products for import and export purposes. Understanding the HS code is important for businesses involved in international trade as it helps in customs clearance, tariff calculation, and trade statistics.
The product description for HS Code 71131921 is clear - it refers to gold rope necklaces and neck chains. These pieces of jewelry are made of gold and have a rope-like design. They are commonly worn as accessories and can be found in various lengths and styles.
When importing gold rope necklaces and neck chains classified under HS Code 71131921, a 5% bound or most-favored nation (MFN) duty rate applies. The MFN duty rate is a standard duty rate that applies to all countries equally. This means that whenever 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.
The quantity unit for HS Code 71131921 is "no units collected (X)." This means that there is no specific unit of measurement used to determine the quantity of gold rope necklaces and neck chains. Instead, the quantity is not collected or reported.
There are several special tariff preference programs associated with HS Code 71131921. These programs provide specific countries with preferential treatment in terms of duty rates. The following countries enjoy free or special rates for importing gold rope necklaces and neck chains:
When it comes to importing gold rope necklaces and neck chains under HS Code 71131921, several states in the United States engage in these trade activities. The states that import these products include Maryland, Rhode Island, Connecticut, Florida, Hawaii, and New York.
On the other hand, the states involved in exporting gold rope necklaces and neck chains under HS Code 71131921 include Maryland, Rhode Island, California, Florida, Hawaii, Nevada, New Jersey, New York, and the Virgin Islands.
Understanding the HS code and the associated data is crucial for businesses engaged in international trade. It helps in navigating customs procedures, determining duty rates, and identifying potential market opportunities for specific products. In the case of HS Code 71131921, it provides valuable information about the classification and trade of gold rope necklaces and neck chains.