When it comes to international trade, it is essential to have a standardized system to classify and identify goods. The Harmonized System (HS) Code is a globally recognized system that assigns a unique code to each product. In this article, we will explore HS Code 73170030, which is assigned to iron or steel nails, tacks, corrugated nails, staples, and similar articles that are threaded and suitable for use in powder-actuated hand tools.
Iron or steel nails, tacks, corrugated nails, staples, and similar articles are commonly used in various industries and applications. These fasteners play a crucial role in construction, carpentry, and manufacturing processes. The threaded nature of these articles allows for a secure and reliable connection, making them ideal for use in powder-actuated hand tools.
HS Code 73170030 specifically identifies this category of iron or steel fasteners. It enables customs officials and traders to accurately classify and track the import and export of these goods. The code ensures uniformity and consistency in trade data and helps in determining the appropriate customs duties, taxes, and regulations applicable to these products.
One important aspect of HS Code 73170030 is the bound or most-favored-nation (MFN) duty rate. The MFN duty rate refers to the rate at which goods are taxed when imported or exported between countries. According to the data, the bound duty rate for this HS code is free. This means that countries are not required to impose any tariffs or duties on the import or export of these goods. It promotes free trade and encourages countries to lower trade barriers and open up their markets.
The quantity unit for HS Code 73170030 is kilograms (KG). This unit of measurement allows for standardized tracking and documentation of the quantity of goods being imported or exported. It helps in accurate record-keeping and facilitates efficient trade transactions.
In addition to the bound duty rate, there are special tariff preference programs that apply to HS Code 73170030. These programs provide certain countries with preferential treatment or exemptions from duties and tariffs. The data states that the following countries are eligible for special tariff preference programs: Australia (A*), Austria (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), E (Ecuador), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Panama (PE), Singapore (SG).
Each of these countries has distinct agreements or arrangements with the United States that allow for duty-free treatment of goods falling under HS Code 73170030. These agreements include the Automotive Products Trade Act (APTA), NAFTA for Canada and Mexico, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), the Dominican Republic-Central American Special Rate (DR-CAFTA), and specific bilateral agreements.
It is important for both importing and exporting US states to be aware of these special tariff preference programs. These programs can offer significant cost savings and competitive advantages in international trade. By taking advantage of duty-free treatment, businesses can enhance their profitability and expand their market reach.
HS Code 73170030 encompasses iron or steel nails, tacks, corrugated nails, staples, and similar threaded articles suitable for use in powder-actuated hand tools. This code ensures standardized classification, facilitates trade transactions, and helps determine customs duties and tariffs. The bound duty rate for this code is free, promoting free trade among nations. Additionally, various special tariff preference programs provide certain countries with duty-free treatment for these goods. Importing and exporting US states should leverage these programs to maximize their trade opportunities.