HS Code 71102100: Palladium, Unwrought or in Powder Form
Palladium is a precious metal that is highly valued in various industries, including jewelry, electronics, and automobile manufacturing. This article will provide an overview of HS Code 71102100, which refers to unwrought or powdered form of palladium. We will discuss the product description, duty rates, quantity unit component, special tariff preference programs, as well as the importing and exporting US states associated with this HS code.
Product Description:
HS Code 71102100 specifically covers palladium in its unwrought or powder form. Unwrought palladium refers to the metal in its purest state, without any additional alloys or manufacturing processes. Powdered palladium, on the other hand, is finely ground palladium that can be used for various applications.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 71102100 is free. This means that importing countries do not need to pay any customs duties when importing unwrought or powdered palladium. It is important to note that whenever 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.
Quantity Unit Component:
The quantity unit component for HS Code 71102100 is measured in grams (CGM). This unit of measurement helps facilitate international trade by providing a standardized way to quantify the amount of palladium being imported or exported.
Special Tariff Preference Programs:
Several special tariff preference programs are available for HS Code 71102100. These programs provide specific countries with preferential treatment in terms of duty rates. The following countries enjoy duty-free treatment for palladium imports under this HS code:
- Australia
- Bahrain
- Canada (under NAFTA)
- Chile
- Caribbean Basin Initiative (CBI)
- Israel
- Andean Trade Preference Act (ATPA)
- Jordan
- Morocco
- Mexico (under NAFTA)
- Oman
- Dominican Republic-Central American (DR-CAFTA)
- Peru
- Singapore
It is worth mentioning that certain countries are excluded from the Generalized System of Preferences (GSP) eligibility for this HTS subheading, which means they do not receive duty-free treatment for palladium imports.
Importing US States:
The following US states are known to import palladium under HS Code 71102100:
- Nevada
- New York
- Connecticut
- Florida
- Utah
- Delaware
- Massachusetts
- Idaho
- New Jersey
- Pennsylvania
Exporting US States:
The following US states are known to export palladium under HS Code 71102100:
- New York
- California
- Nevada
- Virgin Islands
- Rhode Island
- New Mexico
- Florida
- Massachusetts
- Utah
HS Code 71102100 refers to unwrought or powdered palladium. This article provided an in-depth look at the product description, duty rates, quantity unit component, special tariff preference programs, as well as the importing and exporting US states associated with this HS code. Palladium is a valuable metal that plays a crucial role in various industries, and understanding its trade regulations is essential for international commerce.
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