The HS Code 72149900 refers to iron and nonalloy steel bars and rods that have not been further worked than being hot-rolled, hot-drawn, or hot-extruded. These bars and rods have a non-rectangular cross-section and are not in coil form. This HS code is used to classify and identify this specific type of product in international trade.
When it comes to trade barriers and market openness, the bound and MFN (Most Favored Nation) duty rate for this product is set at free. This means that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. In the case of HS Code 72149900, there are no additional duties imposed on the import or export of these iron and nonalloy steel bars and rods.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported iron and nonalloy steel bars and rods. It helps in calculating the total quantity and value of the goods being traded.
There are also special tariff preference programs that may apply to the import or export of products classified under HS Code 72149900. These programs provide certain benefits or exemptions to countries participating in specific trade agreements or arrangements. Importers and exporters should be aware of these programs and their eligibility criteria to take advantage of any preferential treatment.
When it comes to importing this product into the United States, all states are eligible to receive shipments of iron and nonalloy steel bars and rods classified under HS Code 72149900. Similarly, all states in the US are permitted to export this product to other countries. The HS code ensures uniformity in the classification and regulation of international trade, making it easier for businesses and customs authorities to identify and track specific products.
HS Code 72149900 refers to iron and nonalloy steel bars and rods that have not been further worked than hot-rolled, hot-drawn, or hot-extruded, with a non-rectangular cross-section and not in coil form. The bound and MFN duty rate for this HS code is free, ensuring equal treatment for all trading partners. The quantity unit is kilograms (KG), and there are special tariff preference programs that may provide additional benefits. Importing and exporting of this product is allowed for all US states, promoting trade and economic growth.