Toy jewelry is a popular item among children and collectors alike. It adds a touch of glamour and fun to playtime or special occasions. However, not all toy jewelry is made equal. The HS Code 71179060 specifically refers to toy jewelry that is not made of base metal and is priced at less than 8 cents each.
When importing or exporting toy jewelry under this HS code, it is important to be aware of the regulations and trade barriers that may be in place. Understanding the MFN (Most Favored Nation) duty rate is crucial to ensure a smooth and legal transaction.
The bound or MFN duty rate for toy jewelry under HS Code 71179060 is free. 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. This promotes fair trade and equal opportunities for all countries involved.
It is important to note that no units are collected as a quantity unit for this HS code. This means that the quantity of toy jewelry being imported or exported is not measured in specific units but rather based on the value or weight of the goods.
There are also special tariff preference programs available for toy jewelry under HS Code 71179060. These programs may grant certain countries or regions preferential treatment, including duty-free status. The following countries and regions are eligible for special tariff preferences for this HS code:
These special tariff preference programs offer various trade benefits and exemptions for countries involved in trade agreements or initiatives. It is important to check the specific details and requirements of each program when importing or exporting toy jewelry under this HS code.
Currently, the importing US state for toy jewelry under HS Code 71179060 is Rhode Island. This information may vary and it is always advised to check the latest data and regulations for accurate and up-to-date information on importing and exporting toy jewelry under this HS code.
HS Code 71179060 covers toy jewelry that is not made of base metal and is priced at less than 8 cents each. It is important to be aware of the MFN duty rate, special tariff preference programs, and specific importing/exporting states when dealing with toy jewelry under this HS code. By staying informed and following the necessary regulations, businesses and individuals can ensure a smooth and compliant trade of toy jewelry.