Iron or steel helical springs are an essential component in many industries, providing support, tension, and flexibility in a variety of applications. HS code 73202050 specifically refers to helical springs made of iron or steel, excluding those designed for motor-vehicle suspension. This article will explore the product description, duty rates, quantity units, special tariff preference programs, and importing/exporting US states related to this HS code.
HS code 73202050 encompasses helical springs made of iron or steel. These springs are designed to provide support and resilience in various applications. However, it is important to note that this HS code specifically excludes springs suitable for motor-vehicle suspension.
The bound or MFN (Most Favored Nation) duty rate for HS code 73202050 is 3.9%. This 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.
The quantity unit for HS code 73202050 is kilograms (KG). This unit of measurement is used to determine the weight of the helical springs being imported or exported.
Several special tariff preference programs offer duty-free treatment for helical springs classified under HS code 73202050. These programs aim to promote trade and economic cooperation between countries. The following countries and programs provide special rates for these springs:
When it comes to importing and exporting helical springs classified under HS code 73202050, certain US states play a significant role. The following US states are prominent in both import and export activities related to these springs:
Michigan has a strong presence in the import and export of helical springs, indicating the importance of this industry in the state's economy.
HS code 73202050 represents iron or steel helical springs, excluding those suitable for motor-vehicle suspension. These springs are used in various industries and applications, providing support and flexibility. Understanding the product description, duty rates, special tariff preference programs, and the involvement of US states in importing and exporting these springs is crucial for businesses and policymakers. By leveraging the information provided, stakeholders can make informed decisions and foster successful trade relationships.