Air Freight News

US customs service publishes ruling for gold bars tariff classification

Argor-Heraeus' CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo

The U.S. Customs and Border Protection Service said on its website on Friday that the HS customs code of 7108.13.5500 should be used for deliveries of gold kilo bullion bar and 100 ounce bullion bar to the United States.

The ruling, published on its website, was its reply from July 31 in regards to cast gold bars from Switzerland, clarifying what HS customs codes should be used for U.S. most-traded sizes of gold products.

(Reporting by Polina Devitt; Editing by Louise Heavens)

Reuters
Reuters

Similar Stories

https://www.ajot.com/images/uploads/article/Jim_Berlin_Signing_MOU.jpg_copy_.png
Berlin and UkraineInvest establish first U.S. partner office to expand American investment in Ukraine
View Article
US, Australia sign Customs Mutual Assistance Agreement

CMAA enhances trade and security cooperation

View Article
https://www.ajot.com/images/uploads/article/CHINA-ECONOMY_6.JPG
‘China Shock 2.0’: EU primed for action?
View Article
Afreximbank Africa Trade Report shows Africa can turn geopolitical disruptions into long-term growth opportunity

The report highlights Africa’s continued growth resilience despite significant headwinds occasioned by escalating geopolitical tensions and ensuing economic shifts

View Article
https://www.ajot.com/images/uploads/article/Do%C4%9Fukan_%C5%9Eim%C5%9Fek%2C_General_Manager%2C_AVS_Global_Ship_Supply.jpg
Strait of Hormuz tensions highlight need to put seafarer welfare at the center of contingency planning, says AVS Global Ship Supply
View Article
Freight forwarders helped make Brexit-era UK–EU trade manageable

As the UK marks ten years since the Brexit referendum, the British International Freight Association (BIFA) is highlighting the vital role played by its members in helping businesses adapt to…

View Article