Goldsmiths' or silversmiths' wares of base metal clad with precious metal fall under HS Code 71142000. This code is used to classify and regulate the import and export of these particular types of products. In this article, we will explore the details of this HS code, including its description, duty rates, special tariff preference programs, and the importing and exporting US states.
The HS Code 71142000 refers to goldsmiths' or silversmiths' wares that are made of base metal but are clad or coated with precious metal. This means that the underlying material of these wares is a common metal, such as copper or brass, but they are covered with a layer of precious metal like gold or silver. This process enhances the appearance and value of the wares, making them desirable in the market.
The bound/MFN (Most Favored Nation) duty rate for HS Code 71142000 is 3%. The MFN principle states that whenever 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 means that the duty rate of 3% applies uniformly to all countries trading in goldsmiths' or silversmiths' wares of base metal clad with precious metal.
HS Code 71142000 is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries or regions. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries by providing favorable conditions for the import and export of goldsmiths' or silversmiths' wares of base metal clad with precious metal.
When it comes to importing HS Code 71142000 products into the United States, the following states are actively involved:
These states serve as significant entry points for goldsmiths' or silversmiths' wares of base metal clad with precious metal, indicating the demand for such products in these regions.
When it comes to exporting HS Code 71142000 products from the United States, the following states are actively involved:
These states play a significant role in supplying goldsmiths' or silversmiths' wares of base metal clad with precious metal to international markets, showcasing the export capabilities of the United States in this sector.
HS Code 71142000 represents goldsmiths' or silversmiths' wares of base metal clad with precious metal. This code helps in regulating the import and export of these products, ensuring fair trade practices. The bound/MFN duty rate for this HS code is 3%, and it is eligible for various special tariff preference programs. Importing US states include Connecticut, Florida, Hawaii, New York, Rhode Island, and Virgin Islands, while exporting US states include California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and Virgin Islands.