Ferrotitanium and ferrosilicon titanium fall under the HS code 72029100. This code is used to classify these specific products for international trade and customs purposes. Understanding the HS code is crucial for importers, exporters, and customs authorities to accurately identify and categorize goods.
The product description for HS code 72029100 includes ferrotitanium and ferrosilicon titanium. Ferrotitanium is an alloy composed of iron and titanium, while ferrosilicon titanium is an alloy composed of iron, silicon, and titanium. These alloys have various industrial applications and are used in the production of steel and other metal alloys.
The bound or most-favored-nation (MFN) duty rate for HS code 72029100 is 3.7%. This means that whenever a country reduces trade barriers or opens up its market, it must apply the same duty rate to all trading partners for the specified goods or services. This duty rate is applicable for imports classified under HS code 72029100.
The unit of quantity for this HS code is kilograms (KG). This unit is used to measure the weight of ferrotitanium and ferrosilicon titanium during international trade transactions.
There are also special tariff preference programs available for imports classified under HS code 72029100. These programs provide preferential treatment in terms of duty rates for specific countries or regions. The following countries and regions enjoy special tariff rates for ferrotitanium and ferrosilicon titanium:
When importing goods classified under HS code 72029100 to the United States, the following states have reported imports:
On the other hand, the states exporting goods classified under HS code 72029100 to the United States are:
Understanding the HS code and its associated information is important for businesses involved in international trade. It allows for accurate classification, proper documentation, and compliance with customs regulations. Importers and exporters should consult the specific HS code and its related regulations to ensure smooth trade operations.