Gold powder, classified under HS Code 71081100, is a finely ground form of gold that is used in various industries and applications. This article provides an in-depth overview of this product, including its description, quantity unit, duty rates, special tariff preference programs, and information on importing and exporting US states.
Gold powder, as described by HS Code 71081100, refers to finely ground gold particles. It is a valuable and versatile material that finds applications in different industries, including electronics, jewelry making, and pharmaceuticals. Gold powder is known for its lustrous appearance, malleability, and excellent conductivity.
The quantity unit for gold powder is grams (GM). This unit is commonly used to measure the weight of small and precious materials like gold. Gold powder is often sold or traded in grams, allowing for precise measurements and transactions.
The bound or MFN (Most Favored Nation) duty rate for gold powder is free. This means that when 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. As a result, there are no additional duties or tariffs imposed on the import or export of gold powder.
Gold powder enjoys special tariff preference programs in several countries. These programs provide favorable duty rates or duty-free treatment for imports and exports. The following programs apply to HS Code 71081100:
Gold powder is imported into various US states. The following states are known for importing gold powder:
Gold powder is exported from different US states. The following states are known for exporting gold powder:
HS Code 71081100 plays a crucial role in facilitating the trade of gold powder globally. With its various applications and favorable duty rates, the demand for this valuable material remains high. Whether it's used in electronics, jewelry production, or other industries, gold powder continues to be a sought-after commodity around the world.