HS 711292 Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals
Quick Answer: Waste and sweepings of platinum, including platinum clad with other metals but excluding those containing other precious metals, imported under HS 711292 enter the UK at 0.00%, the EU at 0.00%, and the US at Free under the MFN rate. This classification specifically pertains to residues and waste generated from the working of platinum, such as filings, dust, and scrap. Importers should ensure that the sweepings do not contain significant quantities of other precious metals, as this would necessitate classification under a different subheading. According to CustomTariffs data, these goods generally benefit from duty-free entry across major trading blocs, simplifying import processes.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7112920000 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7112920000 | 0.00 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7112920100 | Free | — | ["g","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 to Classify This HS Code?
What products does HS 711292 cover?
This subheading covers waste and scrap of platinum, including metal clad with platinum, specifically excluding sweepings that contain other precious metals. According to the World Customs Organization's Harmonized System Nomenclature, this category is for materials primarily composed of platinum that are considered waste or scrap, meaning they are by-products of manufacturing processes or discarded items. The USITC Harmonized Tariff Schedule (HTS) and the EU's TARIC database confirm this scope, focusing on materials where platinum is the predominant precious metal by weight or value in the waste or scrap form.
What falls outside HS 711292?
The following products are excluded from HS 711292: sweepings containing other precious metals, such as gold or silver, even if platinum is present; pure platinum in unwrought or semi-manufactured forms; and articles of platinum that are not considered waste or scrap. For instance, platinum jewelry, platinum catalysts in their operational state, or platinum wire intended for further manufacturing would be classified under different headings within Chapter 71 or other relevant chapters, depending on their specific form and intended use, as they do not meet the definition of waste or scrap.
What are common classification mistakes for HS 711292?
A common error is misclassifying platinum-containing materials that are not strictly waste or scrap, or incorrectly including sweepings that contain significant amounts of other precious metals. For example, a platinum catalyst that has been used but still retains its structural integrity and catalytic function might be mistakenly entered under 711292, when it should be classified based on its function or form under a different heading. Adherence to General Rule of Interpretation (GRI) 1, which states that classification shall be determined according to the terms of the headings and any relative section or chapter notes, is crucial.
How should importers classify products under HS 711292?
The correct procedure for classifying products under HS 711292 involves a thorough examination of the material's composition and form. Importers and customs brokers must ascertain that the material is indeed waste or scrap of platinum, with no other precious metals present in significant quantities, as per the WCO's HS Explanatory Notes. Reviewing laboratory analysis reports detailing the precious metal content and the physical state of the material is essential. Consulting the specific tariff schedule of the importing country, such as the USITC HTS or the UK Trade Tariff, for precise definitions and any additional notes is also a critical step.
How is the duty calculated for products under HS 711292?
A batch of platinum scrap weighing 10 kilograms and declared at a customs value of $50,000 USD would attract a US duty of $2,500. This is calculated using the Most Favored Nation (MFN) duty rate of 5% ad valorem, as published in the USITC Harmonized Tariff Schedule for HS code 711292. The calculation is: 5% of $50,000 USD = $2,500 USD. This rate applies to imports from countries not benefiting from preferential trade agreements.
Which trade agreements reduce duties for HS 711292?
Several free trade agreements may reduce the applicable duty rate for HS 711292, including the United States-Mexico-Canada Agreement (USMCA), which can lead to a duty rate of Free for qualifying goods originating from Canada or Mexico. Additionally, the Generalized System of Preferences (GSP) may offer reduced or Free duty rates for eligible goods from designated developing countries. To claim these preferences, importers typically require a self-certified origin statement for USMCA or a GSP Form A for GSP beneficiaries, depending on the specific jurisdiction and agreement.
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FAQ
What are the typical import duty rates for HS code 711292 (Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals)?
Under the Harmonized Tariff Schedule of the United States (HTSUS), the general (Most Favored Nation - MFN) duty rate for HS code 711292 is Free. Preferential rates under various Free Trade Agreements (FTAs) also typically result in Free entry, provided the goods meet the rules of origin. For example, under the US-Korea FTA, goods originating in Korea would be eligible for Free entry. Always verify the specific origin and applicable FTA for the most accurate duty determination.
How is the duty for HS code 711292 calculated if it were applicable?
While the duty rate for HS code 711292 is Free in many major trading blocs, if a duty were applicable (e.g., a specific tariff rate or a scenario where Free entry is not granted), it would typically be calculated based on the value of the goods. For instance, if there were a hypothetical 5% ad valorem duty on platinum waste and sweepings valued at $10,000, the duty calculation would be: $10,000 (Customs Value) × 0.05 (Duty Rate) = $500 (Duty Amount). However, for this specific code, the duty is generally Free.
What documentation is typically required for importing goods classified under HS 711292?
For imports under HS code 711292, standard import documentation is required, including a commercial invoice, packing list, and bill of lading or air waybill. Given the precious nature of platinum, customs authorities may require additional documentation to verify the composition and value of the material. This could include assay reports or certificates of origin to substantiate claims of origin for preferential duty treatment. Importers should consult the specific requirements of the importing country's customs agency.
What are the key classification criteria for HS code 711292, distinguishing it from other waste and sweepings codes?
The primary criterion for HS code 711292 is that the waste and sweepings must be 'Of platinum, including metal clad with platinum'. This means the material is primarily platinum or platinum-clad. Crucially, it excludes 'sweepings containing other precious metals' if those other precious metals are significant or if the primary classification would be under a different heading (e.g., gold or silver waste). The WCO's Explanatory Notes to Chapter 71 provide further guidance on the composition and nature of materials that fall under this heading.
Are there specific trade agreements that commonly provide duty-free treatment for HS code 711292?
Yes, many trade agreements facilitate duty-free treatment for goods classified under HS code 711292, reflecting the general Free duty status in many national tariffs. For example, the United States has FTAs with countries like Canada and Mexico (USMCA), Australia, and Singapore, under which originating goods of platinum waste and sweepings would typically enter duty-free. The European Union's Generalized Scheme of Preferences (GSP) and its network of Association Agreements also often provide preferential access. Importers must ensure the goods meet the specific rules of origin stipulated in each agreement to claim preferential treatment.