Analysis
HTS 7108.13.70 covers other: other under heading 7108 (gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in…).
Neighbouring lines carry rates from duty-free to duty-free, so the exact line matters. The widest gap is with 7108.13.55 (rectangular or near rectangular shapes, containing 99.5 percent or…), at duty-free: a product that belongs there but is entered here, or the reverse, changes 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.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 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 |