HS Code 71141170: Silversmiths' Wares
Silversmiths' wares are exquisite handcrafted items made from silver. These items are not meant for household, table, kitchen, or toilet and sanitary use. Silversmiths' wares encompass a wide range of products, including jewelry, decorative pieces, and artistic creations.
HS Code 71141170 specifically covers silversmiths' wares that are not classified under other categories and are not intended for household, table, kitchen, or toilet and sanitary use. It is important to note that the HS code system is used internationally to classify and identify products for import and export purposes.
When importing silversmiths' wares with HS Code 71141170, a certain duty rate is applicable. The bound or most-favored-nation (MFN) duty rate for this HS code is 3%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 71141170 is "no units collected (X)," indicating that the specific quantity of silversmiths' wares imported or exported is not recorded or measured in a standardized unit.
There are also special tariff preference programs available for silversmiths' wares classified under HS Code 71141170. The following countries or regions provide tariff preferences for these products:
- Free: Generalized System of Preferences (GSP) - This program grants duty-free treatment to eligible products from various developing countries.
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada - This trade agreement between the United States, Canada, and Mexico provides duty-free treatment for eligible goods.
- Chile Special Rate
- Caribbean Basin Initiative (CBI) - This program offers duty-free treatment to eligible products from designated Caribbean countries.
- Israel Special Rate - Duty-free treatment for eligible products from Israel.
- Andean Trade Preference Act (ATPA) - This program provides duty-free treatment for eligible products from designated Andean countries.
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA) - This trade agreement between the United States, Dominican Republic, and Central American countries offers duty-free treatment for eligible goods.
- Peru Special Rate
- Singapore Special Rate
When it comes to importing silversmiths' wares with HS Code 71141170, several US states are prominent in their demand. Connecticut, Florida, Hawaii, New York, Rhode Island, and the Virgin Islands are known for their imports of these exquisite silver products.
On the other hand, when exporting silversmiths' wares, California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and the Virgin Islands are the major US states involved in this trade.
HS Code 71141170 represents silversmiths' wares that are not intended for household, table, kitchen, or toilet and sanitary use. The duty rate for this HS code is 3%, and various special tariff preference programs provide opportunities for duty-free treatment. Silversmiths' wares are highly sought after by importers in states such as Connecticut, Florida, Hawaii, New York, Rhode Island, and the Virgin Islands, while exporters from California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and the Virgin Islands cater to the international demand for these exquisite silver products.
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