Sets of two or more knives or forks with silver handles, or spoons and ladles of silver, whether or not clad or plated with precious metal, fall under the HS code 71141145. These sets are commonly used in households and restaurants for dining purposes. The silver handles add a touch of elegance and sophistication to the cutlery sets.
The bound or most favored nation (MFN) duty rate for products falling under HS code 71141145 is 3%. 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. This duty rate applies to all imports of sets of knives, forks, spoons, and ladles with silver handles, regardless of their origin.
The quantity unit for sets of knives, forks, spoons, and ladles with silver handles is measured in pieces (PCS). This unit indicates the number of individual items included in a set.
Under certain special tariff preference programs, imports of sets of knives, forks, spoons, and ladles with silver handles may be eligible for duty-free treatment. The following programs provide special rates or exemptions:
These special tariff preference programs aim to facilitate trade and promote economic development between countries.
Sets of knives, forks, spoons, and ladles with silver handles falling under HS code 71141145 can be imported into the United States and distributed to various states. The following states are known to import these products:
These states have a demand for sets of knives, forks, spoons, and ladles with silver handles and serve as potential markets for importers.
On the other hand, the following states in the United States are known to export sets of knives, forks, spoons, and ladles with silver handles falling under HS code 71141145:
These states have businesses that export sets of knives, forks, spoons, and ladles with silver handles to international markets.
sets of knives, forks, spoons, and ladles with silver handles falling under HS code 71141145 are valuable and elegant dining items. They are subject to a 3% bound or MFN duty rate, but may qualify for duty-free treatment under various special tariff preference programs. Importers in the United States can target states such as Connecticut, Florida, Hawaii, New York, Rhode Island, and the Virgin Islands, while exporters can be found in states like California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and the Virgin Islands.