Wood screws are an essential component in various industries, including construction and woodworking. The HS Code 73181200 specifically refers to iron or steel wood screws, excluding coach screws. This code helps in identifying and classifying these products for import and export purposes.
When it comes to international trade, understanding the HS code is crucial. It allows customs authorities to determine the appropriate duties and tariffs applicable to specific goods. In the case of HS Code 73181200, the bound or most-favored-nation (MFN) duty rate is set at 12.5%. This means that every time 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.
The quantity unit for wood screws classified under HS Code 73181200 is kilograms (KG). This unit of measurement is used to determine the weight of the screws being imported or exported.
There are also special tariff preference programs available for wood screws classified under HS Code 73181200. These programs provide certain countries with preferential treatment or reduced duty rates. The following countries enjoy free duty rates for these products: United States (A), Australia (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), and Panama (PE).
Additionally, Singapore (SG) has a special rate of 1.5% for wood screws under this HS code. This means that when importing wood screws from Singapore, a lower duty rate of 1.5% applies.
It is essential to note that the special tariff preference programs mentioned above have specific requirements and conditions that need to be met. For example, the Generalized System of Preferences (GSP) grants duty-free treatment to eligible countries, promoting economic development and trade.
In the United States, wood screws under HS Code 73181200 can be imported from various states and exported to different states. Importing states include Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA), Washington (WA), West Virginia (WV), Wisconsin (WI), and Wyoming (WY).
On the other hand, wood screws classified under HS Code 73181200 can be exported from the United States to various states, including Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA), Washington (WA), West Virginia (WV), Wisconsin (WI), and Wyoming (WY).
Wood screws classified under HS Code 73181200 are versatile fasteners used in various applications. They provide a secure and reliable means of joining wooden components. Whether it's for building furniture, constructing structures, or engaging in DIY projects, having access to quality wood screws is essential.
Understanding the HS Code 73181200 and its associated information, such as duty rates and special tariff preference programs, allows importers and exporters to navigate the international trade landscape effectively. By adhering to the regulations and requirements, businesses can ensure smooth and compliant transactions.