HS Code 71103100: Rhodium, Unwrought or in Powder Form
Rhodium is a precious metal that is highly valued for its brilliance and durability. It is commonly used in the production of jewelry, electrical contacts, and catalytic converters. HS Code 71103100 specifically refers to unwrought or powdered rhodium. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. We will also discuss the importing and exporting states for this particular product.
Product Description:
The HS Code 71103100 encompasses unwrought or powdered rhodium. Unwrought rhodium refers to rhodium in its purest form, without any alloying elements or additional processing. Powdered rhodium, on the other hand, refers to rhodium that has been ground into a fine powder. Both forms are used in various industries, with unwrought rhodium often used for high-quality jewelry and powdered rhodium used in catalytic converters and other applications.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 71103100 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. Therefore, there are no additional duties imposed on the importation of rhodium under this HS code.
Quantity Unit Component:
The quantity unit component for HS Code 71103100 is grams (CGM). This means that the weight of rhodium, whether in unwrought or powdered form, is measured in grams. The quantity unit component is an important factor in determining the value and quantity of rhodium being imported or exported.
Special Tariff Preference Programs:
Rhodium under HS Code 71103100 is eligible for several special tariff preference programs. These programs provide preferential treatment and reduced or duty-free rates for certain countries. The countries included in the special tariff preference programs for rhodium are:
- Australia (A*)
- Bahrain (BH)
- Canada (CA)
- Chile (CL)
- European Union (E)
- Israel (IL)
- Japan (J)
- Jordan (JO)
- Morocco (MA)
- Mexico (MX)
- Oman (OM)
- Peru (P)
- Singapore (SG)
These programs aim to promote trade and economic cooperation between the countries involved, providing benefits for both importers and exporters of rhodium.
Importing US States:
The following US states are known to import rhodium under HS Code 71103100:
- Nevada
- New York
- Connecticut
- Florida
- Utah
- Delaware
- Massachusetts
- Idaho
- New Jersey
- Pennsylvania
These states have recognized the value and demand for rhodium in various industries, leading to its importation for further processing or use.
Exporting US States:
The following US states are known to export rhodium under HS Code 71103100:
- New York
- California
- Nevada
- Virgin Islands
- Rhode Island
- New Mexico
- Florida
- Massachusetts
- Utah
- New Jersey
- Pennsylvania
These states have established a presence in the global market for rhodium, exporting the precious metal to meet the demands of international buyers.
HS Code 71103100 covers the importation and exportation of unwrought or powdered rhodium. This valuable precious metal is used in various industries and is subject to different duty rates and special tariff preference programs. Understanding the details of this HS code is essential for businesses and individuals involved in the trade of rhodium.
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