| HS Code | Official Doc | Tariff Rate | Origin | Destination | Effective Date |
|---|---|---|---|---|---|
| 7115903000 | Doc | 58.9% | CN | US | 2025-05-12 |
| 4205008000 | Doc | 55.0% | CN | US | 2025-05-12 |
Okay, here's a breakdown of the HS codes and tax implications for your declared items, presented in a structured and easy-to-understand format. I'll also provide some important considerations for customs clearance.
Overall Summary: You have two distinct items declared: a Gold Tray and other articles of leather. They fall under different HS code chapters and have different tax rates.
1. GOLD TRAY
- HS Code: 7115.90.30.00
- Description: Other articles of precious metal or of metal clad with precious metal: Other: Other: Of gold, including metal clad with gold.
HS Code Breakdown (First 2 Digits - Chapter):
- 71: This chapter covers Precious Metals; Precious Stones; Pearls; Artificial Stones; Articles of Precious Metal; Clocks and Watches; and Parts thereof. Essentially, anything valuable made of gold, silver, platinum, etc., falls here.
- 11: This heading specifically covers articles of precious metal.
- 15: Other articles of precious metal or of metal clad with precious metal.
- 90: Other.
- 30: Of gold, including metal clad with gold.
Tax Implications:
- Basic Duty: 3.9%
- Additional Tariff: 25.0% (currently)
- Post-April 2, 2025 Additional Tariff: 30.0% (This is a change to be aware of!)
- Total Tax: 58.9%
Important Considerations for GOLD TRAY:
- Gold Purity: Customs will likely want to verify the gold content (karat/fineness) of the tray. Be prepared to provide documentation (e.g., assay reports, supplier invoices) to support your declared gold content.
- Valuation: The declared value of the gold tray is critical. Customs will assess the value based on the current market price of gold. Ensure your declared value is accurate and justifiable.
- Origin: The country of origin of the gold itself (not just where the tray was manufactured) can impact duty rates.
- Certification: Depending on the quantity and value, you may need to provide a certificate of origin or other import licenses. Check with your local customs authority.
2. Other articles of leather or of composition leather
- HS Code: 4205.00.80.00
- Description: Other articles of leather or of composition leather: Other: Other: Other
HS Code Breakdown (First 2 Digits - Chapter):
- 42: This chapter covers Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Wallets; Belts and Wallets; Articles of Animal Hair or Animal Textile Fabrics.
- 05: Other articles of leather or of composition leather.
- 00: Other.
- 80: Other.
Tax Implications:
- Basic Duty: 0.0%
- Additional Tariff: 25.0% (currently)
- Post-April 2, 2025 Additional Tariff: 30.0% (This is a change to be aware of!)
- Total Tax: 55.0%
Important Considerations for Leather Articles:
- Material Composition: Customs may verify the material composition of the leather articles. Ensure you can prove they are genuinely leather (or composition leather) and not made of other materials.
- Valuation: The declared value is important.
- Origin: The country of origin is important.
- Specific Use: The intended use of the leather articles could affect classification.
General Recommendations:
- Accurate Documentation: The most important thing is to have accurate and complete documentation, including commercial invoices, packing lists, bills of lading, and any relevant certificates.
- Supplier Information: Have contact information for your supplier readily available.
- Customs Broker: Consider using a licensed customs broker. They can help you navigate the complex import regulations and ensure a smooth clearance process.
- Check for Updates: Import regulations are subject to change. Always check the latest rules and regulations with your local customs authority before importing.
- Post-April 2, 2025 Tariff Changes: Be prepared for the increased additional tariffs after April 2, 2025. Factor this into your cost calculations.
Disclaimer: I am an AI assistant and cannot provide definitive legal or customs advice. This information is for general guidance only. Always consult with a qualified customs broker or legal professional for specific advice related to your import situation.