HS Code 72279020 refers to alloy tool steel that is not of high-speed variety. This product is in the form of bars and rods, which are hot-rolled and packaged in irregularly wound coils. It is important to note that this HS code is exclusive to this specific type of steel and does not include other variations or types.
When importing or exporting goods with HS Code 72279020, it is crucial to understand the relevant information and regulations associated with it. This article aims to provide an extensive overview of HS Code 72279020, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS Code 72279020 is "Alloy tool steel (o/than hi-speed), bars and rods in irregularly wound coils, hot-rolled, nesoi." This means that the steel being referred to is an alloy tool steel, excluding the high-speed variety. It is presented in the form of bars and rods, which are packaged in irregularly wound coils. The manufacturing process involves hot-rolling the steel to achieve the desired shape and properties.
The bound or most-favored-nation (MFN) duty rate for HS Code 72279020 is "Free." This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. Therefore, there are no additional duties or tariffs imposed on the import or export of alloy tool steel falling under this HS code.
The quantity unit for HS Code 72279020 is kilograms (KG). This means that the weight of the steel being imported or exported is measured in kilograms. It is essential to accurately determine and declare the weight of the alloy tool steel to ensure compliance with customs regulations and facilitate smooth trade transactions.
At present, there is no information available regarding any special tariff preference programs associated specifically with HS Code 72279020. However, it is always advisable to stay updated with the latest trade agreements and preferential trade programs as they may change over time. Utilizing special tariff preference programs can provide cost advantages and boost trade between countries.
HS Code 72279020 pertains to alloy tool steel (o/than hi-speed), bars and rods in irregularly wound coils, hot-rolled, nesoi. It is important to understand the product description, duty rates, quantity units, and any special tariff preference programs associated with this HS code. Additionally, staying updated with the importing and exporting states can provide insights into the trade flow of this particular product.