Analysis
HTS 7108.12.50 covers other unwrought forms: other under heading 7108 (gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in…). US Customs collects import statistics for it under 2 ten-digit suffixes, reported in Au g.
Within this group the rate runs from duty-free to 4.1%. Compared with 7108.20.00 (gold (including gold plated with platinum) unwrought or in…), which pays duty-free, a misclassification either way moves the duty by 4.1 percentage points.
The general duty rate is 4.1% of the customs value, which is in the middle of the rates in chapter 71 (69th percentile of 108 lines with an ad valorem rate). On a shipment valued at $10,000 that is $410 in duty before any Chapter 99 additions or preference claims.
Goods that qualify under GSP, the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, and 12 others can enter duty-free instead of paying 4.1%. It is also eligible under GSP, the developing-country programme, which Congress has to renew; check whether GSP is in force on the entry date.
The column 2 rate, for countries without normal trade relations, is 65%, 15.9 times the general rate.
For statistics it divides in two: 7108.12.50.10 for containing by weight not less than 99.95 percent of gold and 7108.12.50.50 for other. Both pay the same duty; the suffix records which kind was imported.
Statistical suffixes
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 7108.11.00 | Nonmonetary: powder | Free |
| 7108.12.10 | Other unwrought forms: bullion and dore | Free |
| 7108.13.10 | Other semimanufactured forms: gold leaf | Free |
| 7108.13.55 | Rectangular or near rectangular shapes, containing 99.5 percent or more by weight of gold and not otherwise marked or decorated than with weight, purity, or other identifying information | Free |
| 7108.13.70 | Other: other | 4.1% |
| 7108.20.00 | Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form: monetary | Free |