HS Code 73170020: A Comprehensive Guide to Iron or Steel Nails, Tacks, Corrugated Nails, Staples & Similar Arts.
Iron or steel nails, tacks, corrugated nails, staples, and similar articles are essential components in various industries and applications. They are widely used in construction, carpentry, packaging, and many other sectors. To ensure smooth international trade, a harmonized system (HS) code is assigned to these products for easy identification and categorization. In this article, we will explore the HS code 73170020 and delve into its various aspects.
Product Description:
HS code 73170020 specifically refers to iron or steel nails, tacks, corrugated nails, staples, and similar articles. These products are distinct from threaded nails and are primarily suitable for use in powder-actuated hand tools. They play a crucial role in fastening materials together, providing structural integrity and stability.
Bound / MFN Duty Rate:
The bound / most-favored-nation (MFN) duty rate for HS code 73170020 is free. According to the principle of MFN, 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 ensures equal treatment and fair competition among nations. Therefore, the import of iron or steel nails falling under this HS code is not subjected to any duty charges.
Quantity Unit:
The quantity unit for HS code 73170020 is kilograms (KG). This implies that the measurement and valuation of the goods are based on weight rather than quantity or volume. It is essential for importers and exporters to accurately determine the weight of the shipment to comply with customs regulations and facilitate smooth trade transactions.
Special Tariff Preference Programs:
Certain countries enjoy special tariff preference programs for HS code 73170020. These programs provide additional benefits and exemptions to promote trade and economic cooperation. The following countries have special rates or duty-free treatment for this HS code:
- Australia (A*)
- Austria (AU)
- Belgium (B)
- Bahrain (BH)
- Canada (CA)
- Chile (CL)
- Spain (E)
- Israel (IL)
- Japan (J)
- Jordan (JO)
- Morocco (MA)
- Mexico (MX)
- Oman (OM)
- Portugal (P)
- Peru (PE)
- Singapore (SG)
These countries have established bilateral agreements or trade preferences that grant duty-free treatment or reduced tariffs for the import of iron or steel nails falling under HS code 73170020. Importers and exporters from these countries can take advantage of these special rates to enhance their competitiveness and expand their market reach.
Importing US States:
HS code 73170020 allows the import of iron or steel nails, tacks, corrugated nails, staples, and similar articles into various states of the United States. Importers can ship these products to all states including but not limited to:
- Alabama
- California
- Florida
- New York
- Texas
- Washington
Exporting US States:
Similarly, exporters from the United States can ship iron or steel nails falling under HS code 73170020 to various destinations worldwide. Some prominent exporting states include:
- California
- Texas
- Illinois
- New York
- Florida
- Washington
Conclusion:
HS code 73170020 plays a vital role in facilitating international trade of iron or steel nails, tacks, corrugated nails, staples, and similar articles. Its classification and associated tariff preferences provide clarity and transparency to importers, exporters, and customs authorities. Understanding the details of the HS code ensures compliance, enhances competitiveness, and fosters efficient trade relationships between countries.
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