7110 - Platinum, unwrought or in semimanufactured forms, or in powder form:
Sub-classifications
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7110 1100
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Overview
Chapter 71, Section XIV of the Harmonized Tariff Schedule (HTS) deals with precious metals and articles thereof. HTS Code 7110 specifically addresses platinum and its allied metals in various forms. This category encompasses platinum in its unwrought state, such as ingots or bars, as well as semimanufactured forms like wire, plates, or sheets. It also includes platinum in powder form, which is often used in industrial applications or for further manufacturing.
The primary distinction of HTS 7110 from its sibling categories lies in its exclusive focus on platinum group metals. While other headings in Section XIV might cover different precious metals (e.g., gold, silver) or articles made from them, 7110 is dedicated to the specific classification of platinum. This ensures precise customs declarations for these high-value materials, differentiating them from other precious metals and non-precious metals.
Within HTS 7110, the goods are further categorized based on the specific platinum group metal. The subcategories are: "Platinum," "Palladium," "Rhodium," and "Iridium, osmium and ruthenium." This granular breakdown allows for accurate tracking and accounting of individual precious metals within this group, reflecting their distinct properties, uses, and market values. Each of these subdivisions represents a distinct commodity with unique industrial or commercial applications.