Introduction
Have you ever considered the complexities of nephrite jade in international trade? As global demand for gemstones continues to rise, understanding the processing status and tariff classifications of nephrite jade has become increasingly important. The HS code 7103994000 is not only crucial for determining export duties but also serves as a critical element in international trade declarations. Familiarity with these details enables businesses to make more informed decisions.
Basic Information
- HS Code: 7103994000
- Product Name: Worked nephrite jade
- Description: Neither strung nor set
- Code Status: Active
- Last Updated: April 2, 2025
Taxation Details
Tax rates significantly impact trade costs. Below are the applicable rates for HS code 7103994000:
| Category | Rate |
|---|---|
| Unit of Measurement | Carat |
| Export Tax Rate | 0% |
| Export VAT Rebate | 13% |
| Standard VAT Rate | 13% |
| Most-Favored-Nation (MFN) Rate | 4% |
| General Import Tax Rate | 35% |
| Consumption Tax | 10% |
Declaration Requirements
To ensure smooth customs processing, the following elements must be declared:
- Brand type
- Export preferential treatment status
- Variety (e.g., crystal, nephrite jade)
- Processing level (e.g., unworked, roughly sawn)
- Condition (neither strung nor set)
- Origin (natural)
- Quality grade
- Mineralogical name and English designation
- Specifications
- Chemical composition
- Color
- GTIN
- CAS number
- Additional relevant information
Regulatory Conditions
No special regulatory restrictions apply, allowing greater flexibility for exports under this classification.
Inspection and Quarantine Requirements
This commodity has no special inspection or quarantine requirements.
Preferential Trade Agreements
Under various international agreements, HS code 7103994000 enjoys 0% export tariffs to these regions:
- ASEAN members
- Chile
- Pakistan
- New Zealand
- Peru
- Costa Rica
- Switzerland
- Iceland
- Australia
- South Korea
- Georgia
- Mauritius
- Maldives
- Cambodia
- Nicaragua
- Ecuador
- Serbia
- Hong Kong
- Macau
- Asia-Pacific (2% rate)
RCEP Tariff Rates
Under the Regional Comprehensive Economic Partnership (RCEP), these rates apply:
| Country | Rate |
|---|---|
| Australia | 0% |
| Brunei | 0% |
| Cambodia | 0% |
| South Korea | 4.8% |
| Laos | 0% |
| Malaysia | 0% |
| New Zealand | 0% |
| Singapore | 0% |
| Thailand | 0% |
| Vietnam | 0% |
| Japan | 5.1% |
| Indonesia | 0% |
| Philippines | 0% |
| Myanmar | 0% |
Classification Structure
HS code 7103994000 falls under Section XIV, which covers natural or cultured pearls, precious stones, and related articles. The hierarchical classification is:
- Section XIV: Natural or cultured pearls, precious or semi-precious stones
- Chapter 71: Pearls, precious/semi-precious stones (excluding diamonds)
- Heading 7103: Precious/semi-precious stones (excluding diamonds), whether worked or graded
- Subheading 710399: Other precious/semi-precious stones
- Tariff Line 71039940: Worked nephrite jade
CIQ Code
The customs identification code 7103994000999 specifically denotes worked nephrite jade that is neither strung nor set, facilitating seamless import/export procedures.
Conclusion
Comprehensive understanding of the tax structures and declaration requirements associated with HS code 7103994000 is essential for businesses engaged in nephrite jade trade. Staying informed about evolving trade policies ensures competitive advantages in the global marketplace.