The HS Code 73079290 represents a specific classification for iron or steel threaded elbow and bends for tubes/pipes in international trade. This code is used to categorize and track the import and export of these products, ensuring proper documentation, and facilitating international trade.
The product described under the HS Code 73079290 is made of iron or steel (other than stainless) and is not cast. It specifically refers to threaded elbow and bends designed for tubes and pipes. These components are widely used in various industries, including plumbing, construction, and manufacturing.
The threaded elbow and bends are essential for connecting and redirecting pipes in plumbing systems, oil and gas pipelines, and other applications where changes in direction are required. These components provide stability, durability, and flexibility to the overall piping system, ensuring efficient flow and avoiding leaks or breaks.
The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 73079290 is 6.2%. The MFN principle ensures that whenever 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. This duty rate is applicable to all countries unless specific tariff preference programs are in place.
The quantity unit for HS Code 73079290 is kilograms (KG). This unit of measurement allows for accurate and standardized tracking of the weight of the imported or exported threaded elbow and bends. It helps in calculating shipping costs, pricing, and inventory management.
Several countries and regions have established special tariff preference programs that provide preferential treatment for products classified under HS Code 73079290. These programs aim to promote trade and economic cooperation by offering reduced or duty-free rates for eligible goods. The following are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to reduce trade barriers and promote economic growth for both exporting and importing countries. They encourage bilateral and regional trade agreements, fostering cooperation and development.
The importing and exporting of products classified under HS Code 73079290 can involve various US states. The choice of importing or exporting states depends on multiple factors, including production centers, market demand, and transportation infrastructure.
Common US states involved in the importation and exportation of iron or steel threaded elbow and bends for tubes/pipes include:
Importing US States:These states have a significant presence in manufacturing, construction, and infrastructure development, making them key players in the import and export of iron or steel threaded elbow and bends for tubes/pipes.
HS Code 73079290 represents iron or steel threaded elbow and bends for tubes/pipes in international trade. This code enables proper classification, tracking, and regulation of these products. Understanding the product description, duty rates, special tariff preference programs, and the involvement of different US states is crucial for businesses and individuals engaged in the import and export of these essential components.
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