Iron or steel washers are an essential component in various industries and applications. The HS Code 73182200 specifically refers to washers made of iron or steel, excluding spring washers and other lock washers. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting states related to this HS code.
Iron or steel washers are small, flat discs with a hole in the center. They are used to distribute the load of a threaded fastener, such as a bolt or a screw, over a larger surface area. This helps prevent damage to the material being fastened and ensures a secure connection.
The HS Code 73182200 specifically excludes spring washers and other lock washers. Spring washers are designed to provide a spring-like action, exerting a constant force to prevent loosening of fasteners due to vibrations or other external factors. Lock washers, on the other hand, have special features such as teeth or serrations to prevent the fasteners from rotating or loosening.
The bound or Most Favored Nation (MFN) duty rate for HS Code 73182200 is free. This means that countries do not impose any customs duties on the import or export of iron or steel washers. Free trade barriers encourage international trade and help promote economic growth.
It is important to note 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 fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 73182200 is kilograms (KG). This unit of measurement is commonly used to determine the weight of iron or steel washers being imported or exported.
Several special tariff preference programs provide duty-free treatment for iron or steel washers under HS Code 73182200. These programs include:
While the HS Code 73182200 is applicable globally, it is also important to consider the importing and exporting US states. Based on the provided data, it appears that the iron or steel washers under this HS code were imported/exported multiple times to the state of Michigan. The repetition of "Michigan" suggests a significant trade flow of iron or steel washers in and out of the state.
This data indicates the demand for iron or steel washers in Michigan, potentially due to the presence of industries or manufacturing sectors that heavily rely on these components. The reliable supply of iron or steel washers is crucial for supporting various applications, including automotive, construction, machinery, and more.
the HS Code 73182200 encompasses iron or steel washers (excluding spring washers and other lock washers). These washers play a vital role in numerous industries and applications. The duty rates associated with this HS code are generally free, promoting international trade. Additionally, various special tariff preference programs offer duty-free treatment for iron or steel washers, enhancing trade relations between countries. The importing/exporting US states, such as Michigan, reflect the demand and trade flow of these washers in specific regions. Understanding the details of HS code 73182200 helps facilitate efficient trade and ensures compliance with relevant regulations and tariffs.