HS Code 72022175 - Ferrosilicon containing by weight more than 80% but not more than 90% of silicon
Ferrosilicon is a widely used alloy in various industries, and its import and export are governed by the HS Code 72022175. This HS code specifically refers to ferrosilicon that contains by weight more than 80% but not more than 90% of silicon. In this article, we will explore the details and implications of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.
Product Description: The product covered by HS Code 72022175 is ferrosilicon, which is an alloy composed primarily of iron and silicon. This particular HS code specifies that the ferrosilicon must contain more than 80% but not more than 90% of silicon by weight. This product is widely used in the steel industry as a deoxidizer and alloying element to improve the properties of steel.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for imports under this HS code is 1.9%. This means that every time 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. The 1.9% duty rate applies to all imports of ferrosilicon falling under this HS code, regardless of the country of origin.
Quantity Unit: The quantity unit for imports and exports of ferrosilicon under HS Code 72022175 is kilograms (KG). This means that the weight of the ferrosilicon is measured in kilograms when determining the quantity for customs purposes.
Special Tariff Preference Programs: There are several special tariff preference programs applicable to imports of ferrosilicon under this HS code. The following countries and regions offer preferential tariff rates:
- Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment.
- Australia Special Rate: Ferrosilicon imports from Australia are subject to a special rate.
- Bahrain Special Rate: Ferrosilicon imports from Bahrain are subject to a special rate.
- NAFTA for Canada: Ferrosilicon imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
- Chile Special Rate: Ferrosilicon imports from Chile are subject to a special rate.
- Africa Growth and Opportunity Act (AGOA): Ferrosilicon imports from eligible countries under AGOA receive duty-free treatment.
- Caribbean Basin Initiative (CBI): Ferrosilicon imports from eligible countries under the CBI receive duty-free treatment.
- Israel Special Rate: Ferrosilicon imports from Israel are subject to a special rate.
- Andean Trade Preference Act (ATPA): Ferrosilicon imports from eligible countries under ATPA receive duty-free treatment.
- Jordan Special Rate: Ferrosilicon imports from Jordan are subject to a special rate.
- NAFTA for Mexico: Ferrosilicon imports from Mexico receive duty-free treatment under NAFTA.
- Oman Special Rate: Ferrosilicon imports from Oman are subject to a special rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Ferrosilicon imports from DR-CAFTA countries receive duty-free treatment.
- Peru Special Rate: Ferrosilicon imports from Peru are subject to a special rate.
- Singapore Special Rate: Ferrosilicon imports from Singapore are subject to a special rate.
- Morocco Special Rate: Ferrosilicon imports from Morocco are subject to a special rate of 0.8%.
Importing US States: The following US states are known for importing ferrosilicon under HS Code 72022175: Rhode Island, Nevada, Illinois, Mississippi, Ohio, Louisiana.
Exporting US States: The primary US state known for exporting ferrosilicon under this HS code is Nevada.
HS Code 72022175 covers the import and export of ferrosilicon containing more than 80% but not more than 90% of silicon by weight. This alloy is widely used in the steel industry, and its trade is subject to specific duty rates, quantity units, and special tariff preference programs. Importing US states include Rhode Island, Nevada, Illinois, Mississippi, Ohio, and Louisiana, while Nevada is the primary exporting US state for ferrosilicon.
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