HS 711319 Of other precious metal, whether or not plated or clad with precious metal

Import duty rates for HS code 711319, which applies to articles of other precious metal (e.g., platinum, palladium, rhodium, ruthenium, iridium, osmium), whether or not plated or clad with precious metal, can vary significantly by country. For example, the U.S. Most Favored Nation (MFN) rate is typically 2.50% ad valorem. The EU's TARIC system may show rates around 2.50% ad valorem, while the UK Trade Tariff often lists a rate of 3.50% ad valorem. It is crucial to consult the specific tariff schedule of the importing country for the definitive rate applicable to your shipment. Some preferential trade agreements may offer reduced or free entry; for instance, rates can be Free (A*, AU, BH, CL, CO, D, E, IL, JO, KR, MA, OM, P, PA, PE, S, SG) under various agreements, indicating the importance of verifying eligibility for preferential treatment.

The import duty for HS code 711319 is typically calculated on an ad valorem basis, meaning it is a percentage of the declared customs value of the goods. For example, if a shipment of platinum jewelry valued at $10,000 is imported into the U.S. and the applicable duty rate is 2.50%, the duty would be calculated as: $10,000 (Customs Value) × 0.025 (Duty Rate) = $250.00. Always ensure the customs value is determined according to the importing country's valuation rules, which often align with the WTO Customs Valuation Agreement.

To ensure correct classification under HS code 711319, importers must verify that the articles are primarily made of precious metals other than gold or silver (e.g., platinum, palladium, rhodium). The 'other precious metal' designation is critical. Additionally, the goods must be articles of jewelry or parts thereof, or other ornamental articles, and precious metal wares. The presence of plating or cladding with precious metal does not preclude classification here, as long as the base metal is also a precious metal (excluding gold and silver). Conversely, if the base metal is not precious, the classification would differ. Consulting the Explanatory Notes to the Harmonized System (WCO) and national tariff rulings is recommended for complex cases.

When importing articles under HS code 711319, standard import documentation is required, including a commercial invoice, packing list, and bill of lading or air waybill. Specific to this classification, a detailed description of the precious metal content (e.g., '950 Platinum', '999 Palladium') is essential for customs authorities to verify the classification and duty rate. If claiming preferential duty rates under a trade agreement, a Certificate of Origin or other proof of origin acceptable to the importing country's customs administration will be mandatory. For high-value items, assay certificates or manufacturer declarations attesting to the metal purity may also be requested.

Several trade agreements can significantly reduce or eliminate duties for HS code 711319. For instance, the United States has agreements like the USMCA (formerly NAFTA) with Canada and Mexico, and various Free Trade Agreements (FTAs) with countries like South Korea (KORUS FTA) and Australia. The EU has its network of FTAs with numerous countries, and the UK has its own set of trade deals post-Brexit. To leverage these agreements, importers must ensure their goods meet the rules of origin specified in the relevant trade agreement. This typically involves obtaining a compliant Certificate of Origin from the exporter and maintaining records to substantiate the claim. Consulting the specific text of the trade agreement and the importing country's customs guidance is crucial for successful preferential treatment.