The HS Code 72173075 represents a specific product category: iron or nonalloy steel wire with a carbon content of 0.25% or more, which is plated or coated with a base metal other than zinc. This article aims to provide an educational overview of this HS code, including its product description, duty rates, quantity unit, and any special tariff preference programs associated with it.
The product described by HS Code 72173075 is iron or nonalloy steel wire that is not flat or round in shape. It is characterized by having a carbon content of 0.25% or higher and being plated or coated with a base metal other than zinc. This wire is commonly used in various industries, including construction, automotive, and manufacturing.
The bound or most-favored-nation (MFN) duty rate for the HS Code 72173075 is free. This means that countries are not required to impose any import duties or taxes on this specific product category. The purpose of this duty rate is to promote trade liberalization and equal treatment among trading partners. Whenever a country reduces trade barriers or opens up its market, it must do so for all goods and services from its trading partners.
The quantity unit for HS Code 72173075 is kilograms (KG). This means that the weight of the imported or exported iron or nonalloy steel wire is measured in kilograms. The quantity unit is essential for determining the value, volume, and logistics of trade transactions involving this product category.
There may be special tariff preference programs associated with the HS Code 72173075, depending on the country of import or export. These programs provide certain benefits or concessions to eligible countries, encouraging trade and economic cooperation. Examples of such programs include free trade agreements (FTAs) and preferential trade arrangements.
When it comes to importing or exporting products under the HS Code 72173075, the specific states within the United States may have varying levels of involvement. Some states may have higher import volumes of this product category due to their industrial or manufacturing activities. Exporting US states, on the other hand, may have a higher production capacity or technological advantage in producing and exporting iron or nonalloy steel wire with carbon content and base metal coating.
the HS Code 72173075 refers to iron or nonalloy steel wire with a carbon content of 0.25% or more, which is plated or coated with a base metal other than zinc. This article has provided an educational overview of this HS code, including its product description, duty rates, quantity unit, and potential special tariff preference programs. Understanding the details of HS codes is crucial for international trade and customs compliance.