Iron or nonalloy steel, not cast, butt welding fittings for tubes/pipes, with an inside diameter less than 360mm, fall under the HS Code 73079330. This code is used to classify and identify these specific types of fittings in international trade.
The HS Code system is a standardized classification system for traded goods, developed by the World Customs Organization (WCO). It helps in the uniformity and accuracy of trade statistics, tariff calculations, and customs procedures across different countries.
Butt welding fittings are used to connect pipes or tubes together in a seamless and leak-proof manner. They are commonly used in various industries such as oil and gas, chemical, petrochemical, and water treatment. These fittings are made from iron or nonalloy steel, which ensures durability and strength.
When importing butt welding fittings with HS Code 73079330, a bound or Most Favored Nation (MFN) duty rate of 6.2% applies. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
However, there are special tariff preference programs in place that offer reduced or duty-free rates for imports of these fittings. The specific programs and rates applicable to HS Code 73079330 are as follows:
These special rates and programs aim to promote trade and economic development between countries by providing preferential treatment for certain goods based on various criteria.
The quantity unit for imports of butt welding fittings with HS Code 73079330 is kilograms (KG). This unit is used to measure the weight of the imported goods.
HS Code 73079330 is relevant for imports and exports between different US states. The specific states involved in the import and export of these fittings may vary based on the trade patterns and requirements of the businesses involved.
It is important for importers and exporters to be aware of the applicable duties, tariffs, and trade preferences based on the HS Code classification of the goods they are dealing with. Understanding the HS Code system and its implications can help businesses navigate international trade more effectively and efficiently.
HS Code 73079330 represents iron or nonalloy steel butt welding fittings for tubes/pipes with an inside diameter less than 360mm. This code is used to classify and identify these fittings in international trade, helping in the standardization of trade statistics and customs procedures. Import duties and tariffs, as well as special tariff preference programs, apply to these fittings, offering reduced or duty-free rates based on specific eligibility criteria. The quantity unit for imports is kilograms (KG), and the importing and exporting US states can vary based on trade patterns and business requirements.