Iron (o/than cast) or nonalloy, seamless tubing, of a kind used in drilling for oil or gas falls under HS Code 73042950. This HS code is specifically assigned to this type of product to facilitate international trade and ensure proper classification and identification during customs procedures.
The product description of HS Code 73042950 encompasses iron or nonalloy seamless tubing that is used in drilling operations for oil or gas extraction. This type of tubing is crucial in the petroleum industry as it provides a reliable conduit for the extraction process.
When it comes to trade barriers and market access, the bound/MFN (Most Favored Nation) duty rate for HS Code 73042950 is free. This means that countries are not required to pay any import duties or tariffs when importing this product. This encourages trade and ensures that all trading partners are treated equally in terms of trade barriers.
The quantity unit for HS Code 73042950 is kilograms (KG). This unit of measurement is used to determine the weight of the seamless tubing being imported or exported.
In terms of special tariff preference programs, there may be additional benefits or exemptions available for HS Code 73042950. These programs are designed to promote trade and provide certain advantages to specific countries or regions. However, specific information regarding these programs for this particular HS code is not available in the provided data.
Based on the data provided, the following US states are listed as importers of HS Code 73042950:
While the data does not provide information on the specific US states that export HS Code 73042950, it is important to note that the importers mentioned, such as Alaska, Montana, North Dakota, Texas, and Wyoming, may have a demand for this type of seamless tubing due to their involvement in the oil and gas industry.
Overall, HS Code 73042950 plays a vital role in the oil and gas drilling sector, providing the necessary seamless tubing for extraction operations. Its classification under this HS code ensures proper identification and facilitates international trade by establishing a standardized system for customs procedures and duties.