Precious metal clasps and parts are essential components in the jewelry industry. They play a crucial role in ensuring the functionality and aesthetics of various jewelry pieces. HS code 71131930 specifically covers precious metal clasps and parts, excluding those made of silver.
When importing goods classified under this HS code, it is important to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for this product is 5.8%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate to similar goods or services from all its trading partners.
The quantity unit for HS code 71131930 is "no units collected (X)." This indicates that the quantity of these clasps and parts is not measured in a specific unit but rather recorded as "X."
Several special tariff preference programs are available for this product, providing specific benefits to certain countries. The following countries enjoy duty-free treatment for imports of precious metal clasps and parts under HS code 71131930:
When importing HS code 71131930 into the United States, the following states have reported imports of this product:
This information can be useful for businesses involved in the jewelry industry, as it provides insights into the potential market for precious metal clasps and parts. Knowing the importing and exporting states allows businesses to strategically plan their distribution and marketing efforts.
Overall, HS code 71131930 plays a significant role in international trade, facilitating the import and export of precious metal clasps and parts. Understanding the duty rates and special tariff preference programs associated with this code is essential for businesses looking to engage in the global jewelry market.