Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 72022190: Ferrosilicon with more than 90% silicon

Ferrosilicon is a commonly used alloy that contains a high percentage of silicon. The HS Code 72022190 specifically refers to ferrosilicon that contains more than 90% silicon by weight. This article will provide an in-depth look at this HS code and the relevant information associated with it.

Product Description

The product described under HS Code 72022190 is ferrosilicon with a silicon content exceeding 90% by weight. Ferrosilicon is primarily used as a deoxidizer and alloying agent in the production of steel. It helps improve the quality and strength of steel by removing impurities and enhancing certain properties.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 72022190 is 5.8%. 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 5.8% duty rate is applicable to the import of ferrosilicon with more than 90% silicon content.

Quantity Unit

The quantity unit for ferrosilicon under HS Code 72022190 is kilograms (KG). This unit of measurement is commonly used for trade transactions and allows for accurate tracking and assessment of the quantity of ferrosilicon being imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs applicable to the import of ferrosilicon under HS Code 72022190. These programs offer reduced or duty-free rates for specific countries. The following is a list of special tariff preference programs and their associated rates:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This program promotes economic growth and development in these countries.
• Australia Special Rate: Ferrosilicon imports from Australia enjoy duty-free treatment.
• Bahrain Special Rate: Ferrosilicon imports from Bahrain receive duty-free treatment.
• NAFTA for Canada: Ferrosilicon imports from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
• Chile Special Rate: Ferrosilicon imports from Chile receive duty-free treatment.
• Africa Growth and Opportunity Act (AGOA): Ferrosilicon imports from eligible African countries receive duty-free treatment under this program.
• Caribbean Basin Initiative (CBI): Ferrosilicon imports from eligible Caribbean countries receive duty-free treatment.
• Israel Special Rate: Ferrosilicon imports from Israel receive duty-free treatment.
• Andean Trade Preference Act (ATPA): Ferrosilicon imports from eligible Andean countries receive duty-free treatment.
• Jordan Special Rate: Ferrosilicon imports from Jordan receive duty-free treatment.
• NAFTA for Mexico: Ferrosilicon imports from Mexico under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
• Oman Special Rate: Ferrosilicon imports from Oman receive duty-free treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Ferrosilicon imports from eligible countries under DR-CAFTA receive duty-free treatment.
• Peru Special Rate: Ferrosilicon imports from Peru receive duty-free treatment.
• Singapore Special Rate: Ferrosilicon imports from Singapore receive duty-free treatment.
• 2.5%: Ferrosilicon imports from Morocco receive a special rate of 2.5%.

Importing US States

The following US states are known for importing ferrosilicon classified under HS Code 72022190:

• Rhode Island
• Nevada
• Illinois
• Mississippi
• Ohio
• Louisiana

Exporting US States

The following US state is known for exporting ferrosilicon classified under HS Code 72022190:

• Nevada

the HS Code 72022190 refers to ferrosilicon with a silicon content exceeding 90% by weight. This alloy is widely used in the steel industry for its deoxidizing and alloying properties. Importers and exporters should be aware of the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code to make informed trade decisions.