HS 711011 Platinum
Quick Answer: Platinum unwrought or in powder form, classified under HS code 711011, enters the UK at 0.00%, the EU at 0.00%, and the US at Free under the Most Favored Nation (MFN) rate. This classification specifically covers platinum that has not undergone further manufacturing processes, such as ingots, bars, or powders. Importers should note that while duty rates are currently zero in these major markets, compliance with other regulations, such as those related to precious metals and conflict minerals, remains essential. CustomTariffs aggregates this duty information, highlighting the duty-free entry for this commodity across key trade blocs.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7110110000 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7110110000 | 0.00 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 71101100 | Free | — | — |
| 7110110020 | — | — | ["Pt g"] |
| 7110110010 | — | — | ["Pt g"] |
| 7110110050 | — | — | ["Pt g"] |
Duty rates sourced from the USITC (US International Trade Commission) Harmonized Tariff Schedule (HTS) (accessed 2/22/2026), EU TARIC – DG TAXUD (Directorate-General for Taxation and Customs Union) (accessed 2/22/2026), and UK Trade Tariff – HMRC (His Majesty's Revenue and Customs) (accessed 2/22/2026).
Data compiled and presented by HSRates.
How Has Trade Volume Developed?
Trade Volume 2023
How to Classify This HS Code?
What products does HS 711011 cover?
This subheading covers unwrought platinum, including platinum sponge, and powder. According to the World Customs Organization (WCO) Harmonized System Nomenclature, this category specifically pertains to platinum in its primary, unworked forms, such as granules, ingots, or bars, before any significant manufacturing processes are applied. The US International Trade Commission (USITC) Harmonized Tariff Schedule (HTS) and the EU's TARIC database confirm that this classification is for raw platinum materials, not finished or semi-finished goods.
What falls outside HS 711011?
The following products are excluded from HS 711011: platinum that has undergone any significant working or processing, such as alloys of platinum, platinum in semi-manufactured forms (e.g., wire, plate, foil), or finished articles made from platinum. For instance, platinum jewelry, catalytic converters containing platinum, or platinum electrodes would be classified under different headings. Platinum compounds, even if containing a high percentage of platinum, are also typically classified elsewhere, often in Chapter 28.
What are common classification mistakes for HS 711011?
A common error is misclassifying platinum alloys or semi-manufactured platinum products under this subheading. General Rule of Interpretation (GRI) 1 of the Harmonized System dictates that classification shall be determined according to the terms of the headings and any relative Section or Chapter Notes. Importers may mistakenly classify platinum-containing catalysts or platinum recovered from scrap as unwrought platinum, when specific notes or subsequent headings often provide for these more processed or recovered forms.
How should importers classify products under HS 711011?
The correct procedure for classifying products under HS 711011 involves a thorough examination of the product's physical form and degree of processing. Importers and customs brokers must consult the official tariff schedule of the importing country, such as the USITC HTS or the UK Trade Tariff. Verification of whether the platinum is in unwrought form (sponge, powder, ingots) is crucial, and if it is an alloy or semi-manufactured, a different classification will apply.
How is the duty calculated for products under HS 711011?
A 10-kilogram shipment of unwrought platinum powder declared at a customs value of $350,000 USD would attract a US duty of $0.00. This is because the Most Favored Nation (MFN) duty rate for unwrought platinum (HTS code 7110.11.0000) is 0% ad valorem, as published in the USITC Harmonized Tariff Schedule. Therefore, the duty calculation is 0% × $350,000 = $0.00.
Which trade agreements reduce duties for HS 711011?
Several free trade agreements may reduce the applicable duty rate for HS 711011, including the United States-Mexico-Canada Agreement (USMCA), which can result in a duty rate of Free for qualifying goods originating from Canada or Mexico. Additionally, the Generalized System of Preferences (GSP) may offer preferential rates for eligible developing countries. To claim these preferences, a self-certified origin statement for USMCA or a GSP Form A may be required, depending on the specific agreement and importing jurisdiction.
```Which HS Codes Are Related?
Not the right code? Search all HS codes to find the correct tariff classification.
FAQ
What are the import duty rates for HS code 711011 (Platinum)?
Under the Harmonized Tariff Schedule of the United States (HTSUS), unwrought platinum and platinum base metals, not alloyed, falling under HS code 711011, are generally subject to a 0.00% ad valorem duty rate. This means no duty is charged on imports. For the European Union, under the TARIC system, platinum in unwrought forms (which aligns with 711011) is typically free of duty. Similarly, the UK Trade Tariff lists platinum in unwrought forms as free of duty. Always verify the specific rate applicable at the time of import, as trade agreements or temporary measures can influence duty rates.
What specific criteria define 'unwrought platinum' under HS code 711011?
HS code 711011 specifically covers 'unwrought platinum' and 'platinum base metals, not alloyed'. Unwrought refers to forms that have not been worked or processed beyond basic metallurgical operations. This includes forms such as ingots, powders, granules, sponge, and bars that are intended for further refining or manufacturing. It excludes platinum that has been shaped, worked, or alloyed into specific articles or semi-finished products, which would be classified under different HS codes.
What documentation is typically required for importing unwrought platinum (HS 711011)?
When importing unwrought platinum under HS code 711011, standard import documentation is required, including a commercial invoice, packing list, and bill of lading or air waybill. Given the high value of platinum, importers may need to provide proof of origin to substantiate any claims for preferential duty rates under trade agreements. Depending on the importing country's regulations, specific declarations regarding the source and purity of the metal might also be necessary. Customs brokers should ensure all documentation accurately reflects the nature and value of the goods.
How is the duty calculated for HS code 711011 if a duty were applicable, and can you provide an example?
While HS code 711011 for unwrought platinum typically carries a 0.00% ad valorem duty rate in major markets like the US, EU, and UK, if a duty were applicable, it would be calculated as a percentage of the declared value of the goods. For example, if a hypothetical duty rate of 2% ad valorem applied to a shipment of unwrought platinum valued at $100,000, the duty would be calculated as: Duty = Value × Duty Rate = $100,000 × 0.02 = $2,000. Since the actual rates are 0.00%, the duty amount is $0.00.
Do any major trade agreements offer preferential duty rates for unwrought platinum (HS 711011)?
Currently, major trade agreements generally do not impose duties on unwrought platinum (HS 711011), meaning the Most Favored Nation (MFN) rates are already free. Therefore, preferential rates under agreements like the US-Mexico-Canada Agreement (USMCA) or EU trade agreements would also result in 0.00% duty. The World Trade Organization (WTO) agreement on Information Technology (ITA) and its expansion also covers certain precious metals, but the primary benefit for unwrought platinum is its general duty-free status across most developed economies, irrespective of specific preferential agreements.