HS Code 73181540: Iron or steel, machine screws (o/than cap screws), 9.5 mm or more in length and 3.2 mm in diameter
Iron or steel machine screws, with a length of 9.5 mm or more and a diameter of 3.2 mm, fall under HS Code 73181540. This HS code is used to classify these specific types of screws for international trade purposes. Understanding the HS code system is crucial for importers, exporters, and customs officials as it provides a standardized way to identify and categorize different products.
The product description provided in the HS code includes important details about the screws. They are made of either iron or steel, distinguishing them from other materials. Machine screws are specifically mentioned, excluding cap screws from this particular classification. The size requirements of the screws are also specified, with a minimum length of 9.5 mm and a diameter of 3.2 mm.
When it comes to trade barriers and market access, the bound and most-favored-nation (MFN) duty rate is an important consideration. The bound duty rate refers to the maximum tariff rate that a country can impose on a particular product. In the case of HS Code 73181540, the bound duty rate is "Free," indicating that no tariff is applied when importing these machine screws.
Additionally, the concept of MFN duty rate means that 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 principle ensures equal treatment for all trading partners and promotes fair trade practices.
The quantity unit for the product under HS Code 73181540 is kilograms (KG). This means that the quantity of machine screws is measured and reported in kilograms when importing or exporting them.
Furthermore, there are special tariff preference programs available for these machine screws. The following countries offer duty-free treatment for imports under HS Code 73181540:
- A+ (Least-developed beneficiary developing countries eligible for GSP under that subheading)
- AU (Australia Special Rate)
- B (Automotive Products Trade Act - APTA)
- BH (Bahrain Special Rate)
- CA (NAFTA for Canada)
- CL (Chile Special Rate)
- D (Africa Growth and Opportunity Act - AGOA)
- E (Caribbean Basin Initiative - CBI)
- IL (Israel Special Rate)
- J (Andean Trade Preference Act - ATPA)
- JO (Jordan Special Rate)
- MX (NAFTA for Mexico)
- OM (Oman Special Rate)
- P (Dominican Republic-Central American Special Rate - DR-CAFTA)
- PE (Peru Special Rate)
- SG (Singapore Special Rate)
These countries have implemented special trade agreements or programs that provide either duty-free treatment or specific preferential rates for imports of machine screws falling under HS Code 73181540. For example, under the Africa Growth and Opportunity Act (AGOA), imports from certain African countries receive duty-free treatment. Similarly, NAFTA provides duty-free treatment for imports between Canada, Mexico, and the United States.
It is important to note that Morocco has a special rate of 3.8% for imports under HS Code 73181540. This means that when importing these machine screws from Morocco, a duty of 3.8% will be applied.
When it comes to the specific states involved in the import and export of machine screws under HS Code 73181540, Michigan is mentioned twice. This indicates that Michigan is both an importing and exporting state for these screws. However, further information regarding the volume of trade or specific companies involved is not provided in the given data.
HS Code 73181540 classifies iron or steel machine screws with specific size requirements. The code helps in identifying and categorizing the product for international trade purposes. Understanding the HS code system, along with the associated duty rates and tariff preference programs, is crucial for importers, exporters, and customs officials. This knowledge ensures smooth and compliant trade operations.
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