The HS Code 71132029 refers to base metal clad with gold necklaces and neck chains that are not elsewhere specified or included. This code is used to classify and identify these specific types of jewelry items for international trade purposes. Understanding the HS code is important for importers, exporters, and customs officials to accurately categorize and track these products.
Base metal clad with gold necklaces and neck chains are popular accessories that are worn by people around the world. They are made by coating a base metal, such as brass or copper, with a layer of gold. This creates an attractive and affordable alternative to solid gold jewelry. These necklaces and chains come in various designs, lengths, and styles, catering to different fashion preferences.
When it comes to international trade, the HS code plays a crucial role in determining the import and export duties, as well as any special tariff preference programs that may apply. The MFN (Most-Favored Nation) duty rate for HS Code 71132029 is 5.2%, which means that this rate applies to all countries unless a special tariff preference program is in place.
One of the special tariff preference programs that applies to base metal clad with gold necklaces and neck chains is the Generalized System of Preferences (GSP). Under the GSP, these products receive duty-free treatment when imported from certain countries. Some of the countries that enjoy this special rate include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and others.
It is worth noting that the quantity unit for HS Code 71132029 is "no units collected (X)". This means that the quantity of these necklaces and neck chains is not specified in a particular unit of measurement. The absence of a specific quantity unit suggests that the relevant authorities do not collect data on the quantity of these products.
In terms of importing, the data shows that the following US states import base metal clad with gold necklaces and neck chains under HS Code 71132029: Connecticut, Florida, Hawaii, New York, Rhode Island, and the Virgin Islands. These states have a demand for these jewelry items, either for retail or wholesale purposes.
On the other hand, the exporting US states for HS Code 71132029 include California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and the Virgin Islands. These states are involved in the production and distribution of these necklaces and neck chains to other states or countries.
HS Code 71132029 represents base metal clad with gold necklaces and neck chains that are not elsewhere specified or included. This code is used to classify and track these jewelry items in international trade. Importers, exporters, and customs officials need to be familiar with this HS code to ensure accurate categorization and compliance with import and export regulations. The special tariff preference programs, such as the GSP, offer duty-free treatment for these products when imported from certain countries. Understanding the HS code and its associated data helps facilitate smooth and efficient international trade for base metal clad with gold necklaces and neck chains.