Analysis
HTS 7115.90.60 covers other: other under heading 7115 (other articles of precious metal or of metal clad with precious metal).
Rates on the nearby lines range from duty-free to 3.9%. The costliest confusion would be with 7115.90.05 (articles of precious metal, in rectangular or near rectangular…) at duty-free, a difference of 4 points on the customs value.
The general duty rate is 4% of the customs value, which is in the middle of the rates in chapter 71 (68th percentile of 108 lines with an ad valorem rate). On a shipment valued at $10,000 that is $400 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%. 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%, 16.2 times the general rate.
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% |
| 7115.90.40 | Of silver, including metal clad with silver | 3% |