The HS Code 72283020 refers to alloy ball-bearing tool steel, bars, and rods that have not been further worked than being hot-rolled, hot-drawn, or extruded. This code is used to classify and identify this specific type of steel for international trade purposes. Understanding HS codes is essential for importers, exporters, and customs officials as it helps in determining the appropriate duties, taxes, and regulations associated with a particular product.
Alloy ball-bearing tool steel is a high-quality steel that is specifically designed for the manufacturing of ball bearings and other tools that require excellent hardness, wear resistance, and toughness. These steel bars and rods are often used in various industries such as automotive, aerospace, machinery, and manufacturing.
The bound / MFN (Most Favored Nation) duty rate for HS Code 72283020 is free. This means that no duty or tariff is imposed on the import or export of this product. The concept of MFN is based on the principle of non-discrimination, where every country, once it lowers a trade barrier or opens up a market, must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 72283020 is kilograms (KG). This unit of measurement is used to quantify the weight of the imported or exported alloy ball-bearing tool steel bars and rods. It allows for accurate tracking and recording of the quantity of steel being traded, facilitating efficient logistics and supply chain management.
Special tariff preference programs may be available for the import or export of HS Code 72283020, depending on the country and trade agreements in place. These programs provide certain benefits or concessions to eligible countries or products, such as reduced tariffs or duty exemptions. Importers and exporters should research and understand the specific tariff preference programs applicable to their trade transactions to take advantage of any available benefits.
For the import of HS Code 72283020 into the United States, the data indicates that the state of Wyoming is the importing state. This means that businesses or individuals in Wyoming are involved in the importation of alloy ball-bearing tool steel bars and rods. The repeated mention of Wyoming suggests that it is a significant market for this product.
On the other hand, the data shows that the state of Alabama is the exporting state for HS Code 72283020. This suggests that businesses or individuals in Alabama are engaged in the exportation of this specific type of steel. The repeated mention of Alabama indicates that it is a major source of this product.
HS Code 72283020 represents alloy ball-bearing tool steel bars and rods that are not further worked than hot-rolled, hot-drawn, or extruded. It is crucial for importers, exporters, and customs officials to understand this code to ensure compliance with trade regulations and to facilitate smooth international trade transactions.