When it comes to the world of fashion and accessories, jewelry has always held a special place. From precious metals and gemstones to imitation jewelry, there is a wide variety of options available for consumers. One such category is imitation jewelry not made of base metal or plastics, nesoi, with a value of over 20 cents/dozen pcs or pts. This specific type of jewelry falls under the HS Code 71179090.
The HS Code, or Harmonized System Code, is an internationally recognized system used to classify products for import and export. It ensures uniformity in the classification of goods, making it easier for countries to track trade statistics and apply appropriate duties or tariffs. In the case of HS Code 71179090, it helps identify and categorize imitation jewelry not made of base metal or plastics.
Imitation jewelry, as the name suggests, is jewelry that imitates the appearance of more expensive and precious pieces. It is made using materials like glass, rhinestones, or synthetic gemstones, and often features plating or coating to enhance its aesthetic appeal. While it may not have the same intrinsic value as genuine jewelry, imitation pieces offer an affordable alternative for fashion-conscious individuals.
Under the HS Code 71179090, imitation jewelry not made of base metal or plastics must meet certain criteria to be classified under this category. The value of the jewelry must be over 20 cents per dozen pieces or parts. This ensures that the classification only applies to higher-value imitation jewelry, rather than low-cost trinkets.
When it comes to importing imitation jewelry under HS Code 71179090, it is essential to consider the applicable duties or tariffs. The bound or MFN (Most Favored Nation) duty rate for this specific code is 11%. The MFN principle states that any trade barrier reduction or market opening must apply equally to all trading partners for the same goods or services. This ensures fair and non-discriminatory trade practices.
Additionally, there are special tariff preference programs available for imitation jewelry under HS Code 71179090. These programs offer reduced or duty-free treatment for certain countries. The following countries enjoy special tariff rates for importing imitation jewelry:
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering reduced or duty-free treatment, they incentivize imports and exports, benefiting both the importing and exporting nations.
It is important to note that the quantity unit for HS Code 71179090 is "no units collected (X)." This means that the specific unit of measurement or quantity is not collected or specified. The focus is primarily on the value and characteristics of the imitation jewelry.
In terms of trade, the available data does not specify any particular exporting US states for imitation jewelry under HS Code 71179090. However, it is worth mentioning that Rhode Island is listed as an importing US state for this category. This indicates that there is demand for imitation jewelry in Rhode Island, potentially creating opportunities for businesses and entrepreneurs in the state.
Overall, HS Code 71179090 plays a crucial role in classifying and regulating the import and export of imitation jewelry not made of base metal or plastics. It ensures uniformity in trade practices and provides valuable information for businesses, traders, and policymakers. Understanding the HS Code and its associated data can help stakeholders navigate the global market and make informed decisions regarding imitation jewelry trade.