Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 73201030: Iron or Steel Leaf Springs for Motor Vehicles

Iron or steel leaf springs are an essential component used in motor vehicles with a Gross Vehicle Weight (G.V.W.) not exceeding 4 metric tons. These leaf springs provide support and stability to the vehicle's suspension system, ensuring a smooth ride and efficient handling.

The HS code 73201030 specifically refers to leaf springs and leaves thereof made from iron or steel. This code helps customs authorities classify and track the import and export of these products.

The quantity unit for this HS code is kilograms (KG), which indicates the weight of the leaf springs being imported or exported.

Bound / MFN Duty Rate

The bound / MFN duty rate for HS code 73201030 is 3.2%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the import or export of iron or steel leaf springs from all its trading partners. This promotes fair and equal trade practices among countries.

Special Tariff Preference Programs

Iron or steel leaf springs classified under HS code 73201030 may be eligible for special tariff preference programs. These programs allow for duty-free treatment or reduced duty rates when importing or exporting these products based on specific trade agreements or preferences.

The following special tariff preference programs apply to HS code 73201030:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for iron or steel leaf springs imported from countries eligible for GSP benefits.
• Australia Special Rate: Iron or steel leaf springs from Australia may be eligible for duty-free treatment under the Automotive Products Trade Act (APTA).
• Bahrain Special Rate: Bahrain offers duty-free treatment for iron or steel leaf springs under specific conditions.
• NAFTA for Canada: Iron or steel leaf springs imported from Canada are eligible for duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile provides a special rate for the import of iron or steel leaf springs.
• Caribbean Basin Initiative (CBI): Certain countries in the Caribbean region offer duty-free treatment for iron or steel leaf springs under the CBI program.
• Israel Special Rate: Israel provides duty-free treatment for iron or steel leaf springs under specific conditions.
• Andean Trade Preference Act (ATPA): Iron or steel leaf springs imported from countries eligible for ATPA benefits may receive duty-free treatment.
• Jordan Special Rate: Jordan offers a special rate for the import of iron or steel leaf springs.
• Morocco Special Rate: Morocco provides a special rate for the import of iron or steel leaf springs.
• NAFTA for Mexico: Iron or steel leaf springs imported from Mexico are eligible for duty-free treatment under NAFTA.
• Oman Special Rate: Oman offers a special rate for the import of iron or steel leaf springs.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Certain countries in the Dominican Republic-Central American region provide a special rate for iron or steel leaf springs.
• Peru Special Rate: Peru offers a special rate for the import of iron or steel leaf springs.
• Singapore Special Rate: Singapore provides a special rate for the import of iron or steel leaf springs.

Importing and Exporting US States

Based on the provided data, it is evident that Michigan is both importing and exporting iron or steel leaf springs classified under HS code 73201030. Michigan's involvement in the import and export of these products suggests a thriving automotive industry in the state.

The import and export of iron or steel leaf springs contribute to the growth and development of the automotive sector, supporting the manufacturing and assembly of motor vehicles in Michigan.

As an essential component in motor vehicle suspension systems, iron or steel leaf springs play a crucial role in ensuring safe and comfortable rides for drivers and passengers alike.

Overall, HS code 73201030 encompasses the classification of iron or steel leaf springs used in motor vehicles with a G.V.W. not exceeding 4 metric tons. The data provided highlights the duty rates, special tariff preference programs, and the involvement of Michigan in the import and export of these products.