The HS Code 72015060: Spiegeleisen in Blocks or Other Primary Forms
Spiegeleisen, categorized under HS Code 72015060, refers to a product that comes in blocks or other primary forms. This article aims to provide an extensive overview of this particular HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and information about importing and exporting states in the United States.
Product Description: Spiegeleisen is a type of iron alloy that contains a high percentage of manganese. It is commonly used in the steel industry as an additive to improve the properties of steel. The blocks or primary forms of spiegeleisen are typically produced through a manufacturing process that involves melting and casting the alloy into specific shapes.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 72015060 is free. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate facilitates fair trade practices among nations and ensures equal treatment for importers and exporters.
Quantity Unit: The quantity unit for HS Code 72015060 is metric tons (T). This unit of measurement is commonly used in international trade to determine the weight or volume of goods being imported or exported.
Special Tariff Preference Programs: The spiegeleisen product under HS Code 72015060 is eligible for various special tariff preference programs. These programs offer preferential duty rates or duty-free treatment to specific countries. The following countries benefit from these programs:
- Generalized System of Preferences (GSP): Provides duty-free treatment.
- Australia Special Rate: Offers special rate benefits.
- Bahrain Special Rate: Provides special rate benefits.
- NAFTA for Canada: Offers duty-free treatment.
- Chile Special Rate: Provides special rate benefits.
- Caribbean Basin Initiative (CBI): Offers duty-free treatment.
- Israel Special Rate: Provides duty-free treatment.
- Andean Trade Preference Act (ATPA): Offers duty-free treatment.
- Jordan Special Rate: Provides special rate benefits.
- Morocco Special Rate: Offers special rate benefits.
- NAFTA for Mexico: Provides duty-free treatment.
- Oman Special Rate: Offers special rate benefits.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Provides special rate benefits.
- Peru Special Rate: Offers special rate benefits.
- Singapore Special Rate: Provides a duty rate of 1.3%.
Importing US States: The following US states import spiegeleisen under HS Code 72015060:
- Rhode Island
- Nevada
- Illinois
- Mississippi
- Ohio
Exporting US States: On the other hand, the spiegeleisen product under HS Code 72015060 is exported from the state of Nevada.
the HS Code 72015060 represents spiegeleisen in blocks or other primary forms. This educational article has provided a comprehensive understanding of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and information about importing and exporting states in the United States. It is essential for importers, exporters, and stakeholders in the steel industry to be aware of these details to ensure compliance and take advantage of any available benefits.
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