The HS Code 71181000 refers to a specific product category: coins that are not legal tender and do not consist of gold. This article will provide an extensive overview of this HS code, including its description, duty rates, quantity units, and special tariff preference programs.
The product classified under HS Code 71181000 is a coin that does not hold the status of legal tender and is not made of gold. Legal tender refers to the officially recognized form of payment within a country. These coins may have various uses, such as commemorative or collectible purposes.
The bound or most-favored-nation (MFN) duty rate for the HS Code 71181000 is free. This means that there are no tariffs or duties imposed on the importation of these coins when a country lowers a trade barrier or opens up its market. It is essential to note that this duty rate applies to the same goods or services from all trading partners of the country.
The quantity unit for the HS Code 71181000 is stated as "no units collected (X)." This indicates that there is no specific unit of measurement used for the quantity of these coins. It is likely that the quantity is determined by the number of individual coins imported or exported.
Several special tariff preference programs are applicable to the HS Code 71181000. These programs offer specific duty rates or duty-free treatment for the importation or exportation of these coins. The details of these programs are as follows:
While the data provided does not specify the exporting US states, it does mention that the product under HS Code 71181000 is imported into Rhode Island.
the HS Code 71181000 classifies coins that are not legal tender and are not made of gold. These coins enjoy duty-free treatment in many countries and are subject to various special tariff preference programs. Importing states within the US, such as Rhode Island, engage in the importation of these coins.