Platinum Investment Ingot
A 1-troy ounce cast ingot of .9995 fine platinum, stamped for bullion trading. It is unwrought, not further manufactured, and thus falls under tariff item 7110.11.00 for unwrought platinum.
Import Duty Rates by Country of Origin
| Origin Country | MFN Tariff | Surtaxes | Total Effective Rate |
|---|---|---|---|
| 🇨🇳China | Free | — | Free |
| 🇲🇽Mexico | Free | — | Free |
| 🇺🇸United States | Free | — | Free |
| 🇩🇪Germany | Free | — | Free |
| 🇯🇵Japan | Free | — | Free |
More Specific Codes
This product may fall under a more specific subheading:
Alternative Classifications
This product could be classified differently depending on its characteristics or intended use.
If the ingot is minted as a coin or legal tender.
Coins and legal tender are classified under heading 71.18, not as unwrought platinum.
Not sure which classification is right?
The Tariff Assistant works through the GRI rules on your specific product to reach the right tariff item — and can price the duty on it in the same conversation.
Import Tips & Compliance
• Ensure the ingot is not considered a coin or legal tender, which would fall under a different heading
• Provide assay certificates to prove purity
• Check if the ingot qualifies for any duty relief programs for investment bullion
Related Products under Tariff item 7110.11.00
10 Ounce Platinum Nugget
A 10-troy ounce irregular platinum nugget marketed to investors, pure and unwrought. It falls under tariff item 7110.11.00 as unwrought platinum, not further manufactured.
1 Gram Platinum Nugget Specimen
A 1-gram natural-shaped platinum nugget sold to collectors, unwrought and not manufactured. It falls under tariff item 7110.11.00 for unwrought platinum.
Cast Platinum Grain
Cast grains or shot of pure platinum used as melting stock for jewelry casting. They are unwrought, not rolled, drawn, or powdered, and thus fall under tariff item 7110.11.00 for unwrought platinum.
Fine Platinum Powder for Catalysts
High-purity platinum black powder, with 90% or more passing a 0.5mm sieve, used as a catalyst. It qualifies as platinum in powder form under subheading note 1, falling under tariff item 7110.11.00.
Platinum Casting Grain 1mm
Spherical platinum grains of 1mm diameter, cast for lost-wax jewelry casting. They are unwrought, not further processed, and thus fall under tariff item 7110.11.00 for unwrought platinum.
Platinum Grain for Jewelry Casting
Granular platinum grains of 1-3mm irregular shapes for jewelry casting, unwrought and not powdered. They fall under tariff item 7110.11.00 for unwrought platinum.