Silver has been used for centuries to create beautiful and functional household items. From tableware to kitchen utensils, silver products add a touch of elegance to any home. In this article, we will explore the HS Code 71141160, which includes various articles of silver for household, table, or kitchen use, as well as toilet and sanitary wares, including their parts.
The HS Code 71141160 refers to articles of silver that are not specified elsewhere. This category includes a wide range of products made of silver, such as cutlery, serving dishes, tea sets, candle holders, and much more. These items are designed for use in the household, on the dining table, or in the kitchen. Additionally, the code also covers toilet and sanitary wares, including their parts, made of silver.
The bound or Most Favored Nation (MFN) duty rate for HS Code 71141160 is set at 3%. This means that every country must apply this duty rate when importing or exporting these silver articles, regardless of their trading partner. The MFN principle ensures equal treatment for all trading partners, promoting fair and non-discriminatory trade practices.
Several special tariff preference programs apply to HS Code 71141160. These programs offer preferential treatment, including duty-free access, to certain countries. The following countries benefit from specific tariff preferences for this HS code:
These countries enjoy special rates or duty-free treatment when importing or exporting articles of silver covered by HS Code 71141160. This encourages trade and strengthens economic ties between the participating nations.
When it comes to importing articles of silver under HS Code 71141160, certain US states play a significant role. The following states are known for their import activities related to these silver items:
These states have a high demand for silver household, table, and kitchen items, leading to increased imports. On the other hand, the following US states are major exporters of these silver products:
These states have a thriving silver industry and export their products to various domestic and international markets. They contribute significantly to the global trade of articles of silver covered by HS Code 71141160.
HS Code 71141160 encompasses a wide range of articles made of silver for household, table, or kitchen use, as well as toilet and sanitary wares. Understanding the HS code and its associated information, such as duty rates, special tariff preference programs, and importing/exporting states, is crucial for businesses and individuals involved in the trade of these silver products.