HS Code 71141110: Knives with handles of silver, whether or not plated or clad with other precious metal
Knives are an essential tool in our daily lives, used for various purposes such as cooking, hunting, and crafting. The HS Code 71141110 specifically refers to knives with handles made of silver, whether they are plated or clad with other precious metals. In this article, we will explore the details of this HS Code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
Product Description:
The HS Code 71141110 classifies knives that have handles made of silver. These knives can be made entirely of silver or can have silver handles that are either plated or clad with other precious metals. The classification is important for trade purposes, as it helps in accurately identifying and categorizing these particular knives for import and export.
Bound / MFN Duty Rate:
The bound duty rate for HS Code 71141110 is 2.8%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate ensures fair trade practices and prevents any discrimination against specific goods or trading partners.
Quantity Unit:
The quantity unit for HS Code 71141110 is the number (NO). This means that the quantity of knives being imported or exported is measured in the number of individual items.
Special Tariff Preference Programs:
There are several special tariff preference programs applicable to HS Code 71141110. These programs provide certain countries with preferential treatment, including duty-free treatment. The countries eligible for these programs are:
- Generalized System of Preferences (GSP): Provides duty-free treatment.
- Australia Special Rate: Provides a special rate for Australia.
- Bahrain Special Rate: Provides a special rate for Bahrain.
- NAFTA for Canada: Provides duty-free treatment for Canada.
- Chile Special Rate: Provides a special rate for Chile.
- Caribbean Basin Initiative (CBI): Provides a special rate for participating countries in the Caribbean region.
- Israel Special Rate: Provides duty-free treatment for Israel.
- Andean Trade Preference Act (ATPA): Provides a special rate for participating countries in the Andean region.
- Jordan Special Rate: Provides a special rate for Jordan.
- Morocco Special Rate: Provides a special rate for Morocco.
- NAFTA for Mexico: Provides duty-free treatment for Mexico.
- Oman Special Rate: Provides a special rate for Oman.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Provides a special rate for participating countries in the DR-CAFTA region.
- Peru Special Rate: Provides a special rate for Peru.
- Singapore Special Rate: Provides a special rate for Singapore.
Importing US States:
The following US states are known for importing knives with handles of silver, as classified under HS Code 71141110:
- Connecticut
- Florida
- Hawaii
- New York
- Rhode Island
- Virgin Islands
These states have a demand for knives with silver handles, whether for personal use or for retail purposes. Importers in these states play a crucial role in sourcing and distributing these knives to meet the needs of their customers.
Exporting US States:
On the other hand, the following US states are known for exporting knives with handles of silver, as classified under HS Code 71141110:
- California
- Florida
- Hawaii
- Nevada
- New Jersey
- New York
- Rhode Island
- Virgin Islands
These states have the manufacturing capacity or access to suppliers of knives with silver handles. They export these knives to various markets, meeting the demands of consumers and businesses worldwide.
HS Code 71141110 classifies knives with handles made of silver, whether or not plated or clad with other precious metals. The code helps in accurately categorizing and identifying these knives for trade purposes. The duty rate, special tariff preference programs, and the importing and exporting US states play a significant role in the trade of these knives. Whether you are an importer or exporter, understanding the details of HS Code 71141110 is crucial for successful trade in this particular category of knives.
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