The Harmonized System (HS) Code 73079110 pertains to iron or nonalloy steel flanges for tubes/pipes. These flanges are specifically forged, not machined, not tooled, and not otherwise processed after forging. This article aims to provide extensive information about this particular HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product described under HS Code 73079110 is made of iron or nonalloy steel. It refers to flanges that are used for tubes and pipes. These flanges are manufactured through the process of forging, wherein metal is shaped by applying heat and pressure. The flanges covered by this HS code are not machined, tooled, or subjected to any further processing after forging.
The bound or most favored nation (MFN) duty rate for HS Code 73079110 is 3.3%. The MFN duty rate is the rate applied to imports from one country to another, and it signifies the minimum tariff rate a country can impose on a particular product. It ensures 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.
The quantity unit for HS Code 73079110 is kilograms (KG). This unit represents the weight of the imported or exported flanges. It is essential to accurately measure the weight in order to determine the quantity and cost of the product being traded.
Several special tariff preference programs offer preferential treatment for the importation of goods under HS Code 73079110. These programs provide reduced or duty-free rates for specific countries. The following are the special tariff preference programs applicable to this HS code:
HS Code 73079110 covers the importation and exportation of iron or nonalloy steel flanges for tubes/pipes. While the specific states involved in these transactions may vary, the code applies to all states within the United States. The importing states refer to the states where the flanges are being brought into the country, while the exporting states are the states from which the flanges are being shipped out to another country.
HS Code 73079110 governs the importation and exportation of iron or nonalloy steel flanges for tubes/pipes that are forged, not machined, not tooled, and not otherwise processed after forging. The code carries a bound or MFN duty rate of 3.3% and is measured in kilograms (KG). Various special tariff preference programs offer preferential treatment for imports under this HS code, providing reduced or duty-free rates for specific countries. It is important for importers, exporters, and traders to be familiar with this HS code and its associated regulations to ensure compliance and take advantage of available tariff preferences.