Gold has always been one of the most sought-after precious metals in the world. Its beauty, rarity, and durability have made it a symbol of wealth and status throughout history. The HS Code 71159030 specifically refers to gold articles, excluding jewelry or goldsmiths' wares, that are not classified under any other specific HS code.
When it comes to international trade, the HS Code plays a crucial role in identifying and classifying goods. It is a standardized system used by customs authorities worldwide to ensure consistent and accurate classification of products. The HS Code provides a common language for traders, simplifying the process of import and export documentation.
The product description for HS Code 71159030 is "Gold (including metal clad with gold) articles (o/than jewelry or goldsmiths' wares), nesoi." This means that it includes various gold items that are not classified as jewelry or goldsmiths' wares. These could include gold-plated items, gold-coated items, or miscellaneous gold objects.
The quantity unit for this HS Code is grams (GM). This means that the weight of the gold articles is measured in grams. This unit is commonly used in the gold industry for determining the weight and value of gold.
When importing goods classified under HS Code 71159030 into the United States, certain states have been identified as major importers. These states include Connecticut, Florida, Hawaii, New York, Rhode Island, and the Virgin Islands. If you are an importer in any of these states, it is important to be aware of the specific regulations and customs procedures related to importing gold articles.
On the other hand, when exporting goods classified under HS Code 71159030 from the United States, California, Florida, Hawaii, Nevada, New Jersey, New York, Rhode Island, and the Virgin Islands are the major exporting states. These states have a significant presence in the gold industry and contribute to the global trade of gold articles.
It is worth noting that certain special tariff preference programs apply to HS Code 71159030. These programs offer preferential treatment or duty-free status to certain countries. The countries eligible for these programs include Australia, Bahrain, Canada (under NAFTA), Chile, certain countries under the Caribbean Basin Initiative (CBI), Israel, certain countries under the Andean Trade Preference Act (ATPA), Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American countries (DR-CAFTA), Peru, and Singapore. These special rates and exemptions aim to promote trade and economic cooperation between the United States and these countries.
HS Code 71159030 encompasses various gold articles that are not classified as jewelry or goldsmiths' wares. This code is used to identify and classify these products for import and export purposes. It is important for traders and importers/exporters to be familiar with the regulations, duty rates, and special tariff preference programs associated with this HS Code, as well as the major importing and exporting states for these gold articles.