Analysis
HTS 7115.90.40 covers of silver, including metal clad with silver under heading 7115 (other articles of precious metal or of metal clad with precious metal).
Neighbouring lines carry rates from duty-free to 4%, so the exact line matters. The widest gap is with 7115.90.05 (articles of precious metal, in rectangular or near rectangular…), at duty-free: a product that belongs there but is entered here, or the reverse, changes the duty by 3 percentage points.
The column 2 rate, for countries without normal trade relations, is 65%, 21.7 times the general rate.
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 3%. 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 general duty rate is 3% of the customs value, which is in the middle of the rates in chapter 71 (53rd percentile of 108 lines with an ad valorem rate). On a shipment valued at $10,000 that is $300 in duty before any Chapter 99 additions or preference claims.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 7115.90.05 | Articles of precious metal, in rectangular or near rectangular shapes, containing 99.5 percent or more by weight of a precious metal and not otherwise marked or decorated than with weight, purity, or other identifying information | Free |
| 7115.90.30 | Of gold, including metal clad with gold | 3.9% |
| 7115.90.60 | Other: other | 4% |