Question 1

What is the duty rate for valued not over $40 per piece?

Accepted Answer

The general duty rate for HTS code 7116.20.05.00 (Valued not over $40 per piece) is 3.3%. Additional tariffs may apply depending on the country of origin, including Section 301, reciprocal, and Section 232 tariffs.

Question 2

What is HS code 7116.20.05.00?

Accepted Answer

HS code 7116.20.05.00 classifies "Valued not over $40 per piece" under Chapter 71 (Precious Metals and Stones; Jewelry). This code is used for U.S. customs classification and duty assessment.

Question 3

Does valued not over $40 per piece have Section 301 tariffs?

Accepted Answer

Yes, valued not over $40 per piece (HS 7116.20.05.00) is subject to Section 301 tariffs of 25% when imported from China.

7116.20.05.00

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