In international trade, the Harmonized System (HS) Code is a standardized numerical code used to classify and categorize products for customs and tariff purposes. This article focuses on HS Code 71132010, which refers to base metal clad with precious metal, such as rope, curb, and similar articles in continuous lengths that are suitable for use in jewelry manufacture.
When importing or exporting goods categorized under HS Code 71132010, it is important to understand the relevant information and regulations associated with this code.
HS Code 71132010 covers base metal articles that are clad with precious metal and are designed in continuous lengths. These articles are specifically suitable for use in the manufacture of jewelry. This code encompasses various types of articles like ropes, curbs, and similar designs.
Base metal refers to any non-precious metal, such as copper, brass, or nickel, which is coated or clad with a layer of precious metal, such as gold, silver, or platinum. The continuous length of these articles allows for easy manipulation and incorporation into jewelry designs.
The bound / most favored nation (MFN) duty rate for HS Code 71132010 is 7%. The MFN principle states that whenever 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. This duty rate applies uniformly to all countries, ensuring fairness and non-discrimination in international trade.
For HS Code 71132010, no units are collected (X). This indicates that the quantity of the product is not a factor in determining the duty rate or other tariff-related considerations. Instead, the focus is on the value or classification of the goods.
Several special tariff preference programs are available for products classified under HS Code 71132010. These programs provide certain countries with preferential treatment, including duty-free access to the importing country's market. The following programs apply to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on eligible products.
When it comes to the importation of products classified under HS Code 71132010, the following US states have been recorded as importers:
These states have engaged in importing base metal clad with precious metal articles suitable for jewelry manufacture.
On the other hand, the following US states are known to export products classified under HS Code 71132010:
These states are actively involved in exporting base metal clad with precious metal articles suitable for jewelry manufacturing to various destinations.
Understanding the details associated with HS Code 71132010 is crucial for importers, exporters, and industry professionals involved in the jewelry manufacturing sector. Compliance with applicable regulations and tariff preferences can help businesses optimize their trading activities and enhance their competitiveness in the international market.