Imitation jewelry has become increasingly popular over the years, providing an affordable and fashionable alternative to expensive precious metal and gemstone jewelry. One of the key HS Codes associated with imitation jewelry is 71179075, which specifically refers to imitation jewelry made of plastics, not elsewhere specified or included.
This HS Code is used to classify and identify the specific type of imitation jewelry made from plastic materials. It is important to note that this code only applies to products that have a value of over 20 cents per dozen pieces or parts. This ensures that lower-priced imitation jewelry items are not included under this particular HS Code.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for HS Code 71179075 is free. This means that no duty charges are imposed when importing or exporting imitation jewelry made of plastics under this HS Code. It is essential to understand that this duty rate applies when a country lowers a trade barrier or opens up a market. Furthermore, this duty rate is applicable to all trading partners of a country, ensuring fair trade practices.
Quantity Unit:
For HS Code 71179075, no units are collected (X). This means that the quantity of the product is not measured or quantified using a specific unit. Instead, the focus is on the value and price per dozen pieces or parts. This approach simplifies the import and export process for imitation jewelry made of plastics.
Special Tariff Preference Programs:
There are various special tariff preference programs that may be applicable to imitation jewelry of plastics under HS Code 71179075. These programs aim to promote trade and reduce barriers for specific products. However, it is important to check with the relevant authorities and trade agreements to determine if any special tariff preference programs are applicable to your specific situation.
Importing US States:
One of the US states that import imitation jewelry made of plastics under HS Code 71179075 is Rhode Island. Rhode Island has a vibrant fashion and jewelry industry and is known for its high-quality imitation jewelry products. Importers in Rhode Island can take advantage of the bound duty rate of free, making it more cost-effective to bring in imitation jewelry made of plastics.
Exporting US States:
When it comes to exporting imitation jewelry made of plastics under HS Code 71179075, there is no specific information available regarding the US states involved in such exports. However, it is essential to consider the market demand and potential trading partners when exploring opportunities for exporting imitation jewelry products.
HS Code 71179075 plays a crucial role in classifying and identifying imitation jewelry made of plastics. The bound duty rate of free and the absence of specific quantity units make it easier to import and export these products. It is important for traders and businesses to stay updated on any special tariff preference programs and explore potential markets for both importing and exporting imitation jewelry made of plastics.