Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 72022900: Ferrosilicon containing by weight 55% or less of silicon

The HS Code 72022900 refers to a specific category of products known as Ferrosilicon, which contains 55% or less of silicon by weight. This code is used for international trade purposes to classify and track the import and export of these goods.

When importing or exporting Ferrosilicon under the HS Code 72022900, it is important to understand the associated regulations, duties, and special tariff preference programs. Let's dive deeper into these details:

Bound / MFN Duty Rate

The Bound / MFN duty rate for Ferrosilicon under HS Code 72022900 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This encourages fair and equal trade practices.

Quantity Unit

The quantity unit for Ferrosilicon under HS Code 72022900 is kilograms (KG). This unit is used to measure the weight of the imported or exported goods.

Special Tariff Preference Programs

Under the HS Code 72022900, Ferrosilicon may qualify for special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries. Here are the details:

• Free: Imports from least-developed beneficiary developing countries eligible for GSP under that subheading receive duty-free treatment. This means that these imports are not subject to any duty charges.
• Australia Special Rate: Ferrosilicon imported from Australia may qualify for a special rate.
• Bahrain Special Rate: Ferrosilicon imported from Bahrain may qualify for a special rate.
• NAFTA for Canada: Ferrosilicon imported from Canada under the North American Free Trade Agreement (NAFTA) receives duty-free treatment.
• Chile Special Rate: Ferrosilicon imported from Chile may qualify for a special rate.
• Africa Growth and Opportunity Act (AGOA): Ferrosilicon imported from eligible African countries under AGOA receives duty-free treatment.
• Caribbean Basin Initiative (CBI): Ferrosilicon imported from eligible Caribbean countries under CBI receives duty-free treatment.
• Israel Special Rate: Ferrosilicon imported from Israel may qualify for a special rate.
• Andean Trade Preference Act (ATPA): Ferrosilicon imported from eligible Andean countries under ATPA receives duty-free treatment.
• Jordan Special Rate: Ferrosilicon imported from Jordan may qualify for a special rate.
• NAFTA for Mexico: Ferrosilicon imported from Mexico under NAFTA receives duty-free treatment.
• Oman Special Rate: Ferrosilicon imported from Oman may qualify for a special rate.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Ferrosilicon imported from eligible countries under DR-CAFTA receives duty-free treatment.
• Peru Special Rate: Ferrosilicon imported from Peru may qualify for a special rate.
• Singapore Special Rate: Ferrosilicon imported from Singapore may qualify for a special rate.
• 2.5% (MA): Ferrosilicon imported from Morocco may be subject to a duty rate of 2.5%.

Importing US States

When it comes to importing Ferrosilicon under HS Code 72022900, certain US states are more active in this trade. The states that commonly import this product include:

• Rhode Island
• Nevada
• Illinois
• Mississippi
• Ohio
• Louisiana (repeated 4 times)

Exporting US States

On the other hand, the US states that commonly export Ferrosilicon under HS Code 72022900 are:

• Nevada

Understanding the HS Code 72022900 and its associated details is crucial for importers, exporters, and anyone involved in the international trade of Ferrosilicon. By knowing the duty rates, quantity unit, and special tariff preference programs, businesses can make informed decisions and ensure compliance with regulations.