Gold mixed link necklaces and neck chains fall under the HS code 71131925. This code is used to classify and identify these specific products for international trade purposes. Understanding the HS code is essential for importers, exporters, and customs officials as it helps in determining the duty rates and any special tariff preference programs applicable to the goods.
The bound / MFN (Most Favored Nation) duty rate for this HS code is 5.8%. The MFN duty rate is the rate applied to a country's trading partners, ensuring that any trade barrier reduction or market opening is extended to all countries equally. This means that regardless of the country of origin, the duty rate for gold mixed link necklaces and neck chains will be 5.8%.
The quantity unit for this HS code is "no units collected (X)." This means that there is no specific unit of measurement associated with the product quantity. It could be sold by weight, length, or any other relevant measure.
There are several special tariff preference programs applicable to gold mixed link necklaces and neck chains under this HS code. These programs provide certain countries with preferential treatment, including duty-free access to the US market. The countries eligible for these programs include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic, Central American countries (under DR-CAFTA), Peru, and Singapore.
It is important to note that certain countries may be excluded from the Generalized System of Preferences (GSP) eligibility for this HTS subheading, meaning they do not receive duty-free treatment. However, the countries listed above still enjoy special rates or duty-free treatment under specific trade agreements or programs.
In terms of importing, the following US states have reported importing gold mixed link necklaces and neck chains under HS code 71131925: Maryland, Rhode Island, Connecticut, Florida, Hawaii, New York, and the Virgin Islands. These states are the primary entry points for these products into the United States.
On the other hand, the following US states have reported exporting gold mixed link necklaces and neck chains under HS code 71131925: Maryland, Rhode Island, California, Florida, Hawaii, Nevada, New Jersey, New York, and the Virgin Islands. These states have a significant presence in the export market for these products, indicating a robust domestic production or distribution network.
HS code 71131925 identifies gold mixed link necklaces and neck chains for international trade purposes. Importers, exporters, and customs officials should be aware of the duty rates and special tariff preference programs associated with this HS code. The information provided in this article serves as a comprehensive guide to understanding the various aspects of this specific HS code.