HS Code 73202010: Iron or Steel Helical Springs for Motor-Vehicle Suspension
The HS Code 73202010 refers to iron or steel helical springs that are specifically designed for motor-vehicle suspension. These springs play a critical role in maintaining the stability and comfort of a vehicle's suspension system.
When a country lowers trade barriers or opens up its market, it must apply the same rules to all its trading partners. This means that the bound or most-favored-nation (MFN) duty rate for HS Code 73202010 is 3.2% for all countries.
The quantity unit for this product is kilograms (KG). This unit is used to measure the weight of the helical springs being imported or exported.
There are several special tariff preference programs that provide duty-free treatment for HS Code 73202010. These programs include:
- Generalized System of Preferences (GSP) - This program allows certain developing countries to export their products to the United States duty-free.
- Australia Special Rate - This program provides duty-free treatment for helical springs imported from Australia.
- Automotive Products Trade Act (APTA) - This program offers duty-free treatment for automotive products, including helical springs, imported from specific countries.
- Bahrain Special Rate - This program provides duty-free treatment for helical springs imported from Bahrain.
- NAFTA for Canada - Under the North American Free Trade Agreement (NAFTA), helical springs imported from Canada are eligible for duty-free treatment.
- Chile Special Rate - This program offers duty-free treatment for helical springs imported from Chile.
- Caribbean Basin Initiative (CBI) - This program provides duty-free treatment for products imported from eligible countries in the Caribbean region.
- Israel Special Rate - Helical springs imported from Israel receive duty-free treatment under this program.
- Andean Trade Preference Act (ATPA) - This program offers duty-free treatment for products imported from eligible countries in the Andean region.
- Jordan Special Rate - This program provides duty-free treatment for helical springs imported from Jordan.
- Morocco Special Rate - Helical springs imported from Morocco receive duty-free treatment under this program.
- NAFTA for Mexico - Similar to NAFTA for Canada, helical springs imported from Mexico are eligible for duty-free treatment.
- Oman Special Rate - This program offers duty-free treatment for helical springs imported from Oman.
- Dominican Republic-Central American Special Rate (DR-CAFTA) - This program provides duty-free treatment for products imported from eligible countries in the Dominican Republic and Central America.
- Peru Special Rate - Helical springs imported from Peru receive duty-free treatment under this program.
- Singapore Special Rate - This program offers duty-free treatment for helical springs imported from Singapore.
It is important to note that the duty-free treatment under these special tariff preference programs is subject to certain conditions and eligibility criteria. Importers and exporters should review the specific requirements of each program before taking advantage of the duty-free treatment.
Based on the provided data, it is evident that there is a significant demand for iron or steel helical springs for motor-vehicle suspension in the state of Michigan. The repeated mention of Michigan as the exporting and importing state indicates that the automotive industry in Michigan heavily relies on these helical springs for the production of motor vehicles.
HS Code 73202010 represents iron or steel helical springs used in motor-vehicle suspension systems. The code is associated with a bound or MFN duty rate of 3.2% for all countries. However, there are several special tariff preference programs that provide duty-free treatment for these springs, benefiting both importing and exporting countries. The state of Michigan, in particular, plays a significant role in the import and export of these helical springs, highlighting the importance of the automotive industry in the region.
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