Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 73159000: Iron or Steel, Parts of Chain

When it comes to international trade, it is important to have a standardized system for classifying products. This is where Harmonized System (HS) codes come into play. The HS Code 73159000 refers to iron or steel parts of chain, excluding articulated link chain. In this article, we will explore this code in detail, including its description, duty rates, quantity units, and special tariff preference programs.

Product Description

The HS Code 73159000 specifically covers parts of chain made of iron or steel. However, it is important to note that this code excludes articulated link chain. This means that any other type of chain parts made of iron or steel falls under this HS code.

Duty Rates

When importing products classified under HS Code 73159000, a bound or most-favored nation (MFN) duty rate of 2.9% is applied. The MFN duty rate ensures that whenever 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.

Quantity Unit

The quantity unit for products classified under HS Code 73159000 is kilograms (KG). This means that the weight of the imported or exported chain parts should be measured in kilograms.

Special Tariff Preference Programs

Several special tariff preference programs exist for products classified under HS Code 73159000. These programs provide preferential treatment, such as duty-free status, for eligible countries. Here are some of the special tariff preference programs for this HS code:

• Free: Certain countries excluded from Generalized System of Preferences (GSP) eligibility for that HTS subheading (duty-free treatment)
• Australia Special Rate
• Automotive Products Trade Act (APTA) (duty-free treatment)
• Bahrain Special Rate
• NAFTA for Canada (duty-free treatment)
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate (duty-free treatment)
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

Importing and Exporting US States

Products classified under HS Code 73159000 can be imported and exported to and from various states in the United States. The specific states involved in the trade of these chain parts may vary depending on market demand and supply. It is essential for importers and exporters to be aware of the regulations and requirements set by the relevant states.

the HS Code 73159000 encompasses iron or steel parts of chain, excluding articulated link chain. Importers and exporters dealing with these chain parts should be familiar with the duty rates, quantity units, and special tariff preference programs associated with this HS code. By understanding the intricacies of this code, businesses can navigate international trade more effectively.