The HS Code 72166100 refers to iron and non-alloy steel angles, shapes, and sections that are not further worked than cold-formed or cold-finished, and are made from flat-rolled products. This code is used to classify these specific types of products for international trade purposes.
When it comes to international trade, it is essential to have a standardized system for classifying and identifying goods. The Harmonized System (HS) is an international nomenclature developed by the World Customs Organization (WCO) that provides a standardized coding system for classifying goods. The HS Code 72166100 falls under the broader category of iron and steel products.
The product description for HS Code 72166100 specifies that the iron or non-alloy steel angles, shapes, and sections covered by this code are not further worked than cold-formed or cold-finished. This means that they have undergone minimal processing and are primarily produced through cold-forming or cold-finishing techniques. Flat-rolled products are used as the starting material for manufacturing these products.
Iron and steel products play a crucial role in various industries such as construction, manufacturing, and infrastructure development. Angles, shapes, and sections made from iron or non-alloy steel are commonly used in structural applications, including building frames, supports, and reinforcements. They provide strength, stability, and durability to structures.
It is important to note that the HS Code 72166100 specifically covers angles, shapes, and sections that are not further worked than cold-formed or cold-finished. This means that any additional processing, such as hot rolling or heat treatment, would result in a different HS code classification. Cold-forming and cold-finishing techniques involve shaping or forming the metal at room temperature, often through processes like bending, folding, or rolling. This results in the desired angles, shapes, or sections.
Duty rates are an important consideration when it comes to international trade. The bound or most favored nation (MFN) duty rate for HS Code 72166100 is free. This means that there are no import duties or tariffs imposed on this specific product category. However, it is essential to stay updated with the latest trade agreements and tariff preferences between countries, as duty rates can change over time.
Special tariff preference programs may also apply to HS Code 72166100. These programs are designed to promote trade and economic cooperation between countries and provide preferential treatment for certain goods. For example, some countries may have free trade agreements that reduce or eliminate import duties on specific products, including iron and steel items. Importers and exporters should familiarize themselves with these programs to take advantage of any tariff benefits.
In terms of quantity unit, the HS Code 72166100 uses kilograms (KG) as the standard unit of measurement. This unit is commonly used in international trade to quantify the weight or quantity of goods being imported or exported. The use of a standardized unit of measurement helps ensure consistency and accuracy in trade transactions.
HS Code 72166100 refers to iron and non-alloy steel angles, shapes, and sections that are not further worked than cold-formed or cold-finished, and are made from flat-rolled products. This code plays a crucial role in classifying and identifying these specific products for international trade purposes. Importers and exporters should be aware of the duty rates, special tariff preference programs, and quantity unit associated with this HS code to facilitate smooth and compliant trade transactions.