Question 1

What is the duty rate for articles of precious metal, in rectangular or near rectangular shapes, containing 99.5 percent or more by weight of a precious metal and not otherwise marked or decorated than with weight, purity, or other identifying information?

Accepted Answer

The general duty rate for HTS code 7115.90.05 (Articles of precious metal, in rectangular or near rectangular shapes, containing 99.5 percent or more by weight of a precious metal and not otherwise marked or decorated than with weight, purity, or other identifying information) is Free. Additional tariffs may apply depending on the country of origin, including Section 301, reciprocal, and Section 232 tariffs.

Question 2

What is HS code 7115.90.05?

Accepted Answer

HS code 7115.90.05 classifies "Articles of precious metal, in rectangular or near rectangular shapes, containing 99.5 percent or more by weight of a precious metal and not otherwise marked or decorated than with weight, purity, or other identifying information" under Chapter 71 (Precious Metals and Stones; Jewelry). This code is used for U.S. customs classification and duty assessment.

Question 3

Does articles of precious metal, in rectangular or near rectangular shapes, containing 99.5 percent or more by weight of a precious metal and not otherwise marked or decorated than with weight, purity, or other identifying information have Section 301 tariffs?

Accepted Answer

Yes, articles of precious metal, in rectangular or near rectangular shapes, containing 99.5 percent or more by weight of a precious metal and not otherwise marked or decorated than with weight, purity, or other identifying information (HS 7115.90.05) is subject to Section 301 tariffs of 25% when imported from China.

7115.90.05

Calculate landed cost for this product

Related