The HS Code 73170010 is used to classify thumb tacks made of iron or steel. Thumb tacks, also known as push pins or drawing pins, are small metal pins with a flat head used for fastening papers or other lightweight materials to surfaces such as bulletin boards or walls. This article will provide an extensive overview of this HS code, including its product description, quantity unit, duty rates, and special tariff preference programs.
The HS Code 73170010 specifically covers thumb tacks made of iron or steel. These thumb tacks are commonly used in offices, schools, and homes for various purposes such as displaying documents, artwork, or decorations. They are designed to easily penetrate surfaces and securely hold lightweight materials in place.
The bound or most-favored-nation (MFN) duty rate for HS Code 73170010 is free. This means that countries applying this HS code are not required to impose any import duties or taxes on thumb tacks made of iron or steel. It is important to note that bound duty rates are the maximum rates that a country can legally impose, but they are often set at zero or very low levels to promote trade.
Trade barriers, such as import duties, can hinder international trade by increasing the cost of imported goods. However, the bound duty rate of free for HS Code 73170010 ensures that countries that apply this code must provide the same treatment for thumb tacks made of iron or steel from all their trading partners. This promotes fair and equal trade opportunities.
The quantity unit for HS Code 73170010 is kilograms (KG). This means that thumb tacks made of iron or steel are typically measured and traded in kilograms. The quantity unit is essential for accurately determining the weight and quantity of thumb tacks during import or export transactions.
Several special tariff preference programs offer duty-free treatment for thumb tacks made of iron or steel under HS Code 73170010. These programs are designed to promote trade and provide preferential treatment to certain countries or regions. The following are examples of special tariff preference programs applicable to this HS code:
These special tariff preference programs enable eligible countries to import or export thumb tacks made of iron or steel under HS Code 73170010 without paying any customs duties or taxes. They aim to enhance trade relationships and provide economic benefits to participating countries.
The HS Code 73170010 is relevant for both importing and exporting thumb tacks made of iron or steel to and from the United States. Importing states refer to the states within the United States that receive thumb tacks from other countries, while exporting states are the states that send thumb tacks to other countries.
The specific importing and exporting states for thumb tacks made of iron or steel under HS Code 73170010 may vary depending on various factors such as supply chains, market demand, and trade agreements. However, thumb tacks are commonly traded between all states within the United States and with international trading partners.
the HS Code 73170010 classifies thumb tacks made of iron or steel. This article provided an extensive overview of this HS code, including its product description, quantity unit, duty rates, and special tariff preference programs. Thumb tacks are essential office and household items used for fastening papers or lightweight materials. The duty-free treatment and special tariff preference programs aim to promote fair trade and economic cooperation among participating countries.