The HS Code 71132030 refers to a specific product description: base metal clad with precious metal clasps and parts thereof. This code is used to classify and identify this particular type of product for international trade purposes. It is essential for importers, exporters, and customs officials to use the correct HS code to ensure accurate and efficient trade transactions.
The product description "base metal clad w/precious metal clasps and parts thereof" indicates that the item in question consists of a base metal material that is coated or clad with a layer of precious metal, such as gold or silver. This can include various components, such as clasps, fasteners, or other parts that are made from this base metal clad with precious metal.
When it comes to the duty rate for this product, the bound or most-favored nation (MFN) duty rate is 5.8%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. This means that if a country reduces its trade barriers or grants preferential treatment to certain trading partners, it must do so for the same goods or services from all its trading partners.
The quantity unit for this product is reported as "no units collected (X)." This indicates that the specific quantity or measurement unit for this product is not applicable or not collected. It is important to note that different products may have different quantity units, depending on their nature and characteristics.
There are also special tariff preference programs available for this particular HS code. The product is eligible for free trade under the following programs: Generalized System of Preferences (GSP) (duty-free treatment), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada (duty-free treatment), Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate (duty-free treatment), Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate. These programs provide preferential treatment for eligible imports, allowing for reduced or zero import duties.
When it comes to importing this product into the United States, the following states have reported importing activities: Connecticut, Florida, Hawaii, New York, Rhode Island, and the Virgin Islands. These states have engaged in trade transactions involving this specific HS code. It is important for importers and exporters to be aware of the specific states involved in trade activities to ensure compliance with local regulations and requirements.
On the other hand, the following states have reported exporting activities for this product: California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and the Virgin Islands. These states have exported this specific product to other countries or regions. Exporters should be familiar with the states involved in their export activities to facilitate trade operations and documentation.
the HS Code 71132030 refers to a base metal clad with precious metal clasps and parts thereof. This code is used to classify and identify this specific product for international trade purposes. It is important for importers, exporters, and customs officials to use the correct HS code to ensure accurate and efficient trade transactions. The duty rate, special tariff preference programs, and importing/exporting states provide additional information and considerations for businesses involved in the trade of this product.