Importing Silver into the US - what duty will I pay?

Do I need to declare the silver tableware I am carrying into the U.S.? I will be getting an export certificate from India. The rules are not very clear on what to do at the U.S. end. What is the quantity I can bring into the U.S., and will I pay any duty?

usa customs-and-immigration

Best Answer

According to Duty Calculator :

" The global average import duty rate for Silver jewellery is 6.9%, with a minimum of 0% and a maximum of 35%. "

You can use this to calculate your import. I can't do it for you because it very much depends on what type of tableware.

So on the pop-up, choose "Home and Garden", then "Kitchenware and Tableware" and then the type of Tableware yours fits into.

I chose sterling silver, for example, and for the US it states that the duty rate is 3.3%, and additional taxes will depend on which state you're entering into when you arrive.

Declaring it will depend on the value, but if unsure, ALWAYS declare it, and they'll help you value it. If you're caught not declaring something that you're supposed to, it won't end well.

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What is the import duty on silver?

\u201cGold and silver currently attract a basic customs duty of 12.5 per cent. Since the duty was raised from 10 per cent in July 2019, prices of precious metals have risen sharply.

Can I import silver to USA?

If you are within the USA, the estimated duty rates for importing silver jewelry are as below. Orders below $800 CIF Value (Cost, Insurance, and Freight) are not subject to any tax. Orders above $800 CIF Value (Cost, Insurance, and Freight) are subject to the below tax rates.

How much is import duty to the US?

Mailing and Shipping Goods - Customs Duty GuidanceUp to $1,600 in goods will be duty-free under your personal exemption if the merchandise is from an IP. Up to $800 in goods will be duty-free if it is from a CBI or Andean country. Any additional amount, up to $1,000, in goods will be dutiable at a flat rate (3%).

What is the US import duty on jewelry?

If you are having made up jewelry shipped to the US you can expect to incur a 5.5% Customs Duty as it enters the US.

How To Calculate Import Duty and VAT

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

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