HS Code 73242900: Iron or Steel Baths (Whether or Not Enameled)
Iron and steel baths, whether enameled or not, fall under the HS code 73242900. This code is used to classify these specific products for import and export purposes. In this article, we will explore the product description, duty rates, special tariff preference programs, quantity units, and the importing and exporting states for this HS code.
Product Description: The HS code 73242900 refers to iron or steel baths, excluding cast iron baths. These baths can be enameled or non-enameled. They are commonly used for bathing purposes and can be found in residential and commercial settings.
Duty Rates: The bound or Most Favored Nation (MFN) duty rate for HS code 73242900 is free. This means that countries must apply zero tariffs when importing or exporting iron or steel baths. 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.
Special Tariff Preference Programs: Several special tariff preference programs apply to HS code 73242900. These programs offer duty-free treatment for specific countries. The programs include:
- Generalized System of Preferences (GSP): Provides duty-free treatment for eligible developing countries.
- Australia Special Rate
- Bahrain Special Rate
- Agreement on Trade in Civil Aircraft (duty-free treatment)
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special rates and programs aim to promote trade between countries by reducing or eliminating import duties for specific products.
Quantity Unit: The quantity unit for HS code 73242900 is number (NO). This means that the baths are measured and traded based on the number of units.
Importing US States: Iron or steel baths under HS code 73242900 can be imported into various states in the United States. These states include but are not limited to:
- California (CA)
- Texas (TX)
- New York (NY)
- Florida (FL)
- Illinois (IL)
These states serve as entry points for the importation of iron or steel baths into the US market.
Exporting US States: On the other hand, iron or steel baths under HS code 73242900 can be exported from various states in the United States. These states include but are not limited to:
- California (CA)
- Texas (TX)
- Ohio (OH)
- Michigan (MI)
- Illinois (IL)
These states serve as origin points for the exportation of iron or steel baths from the US to other countries.
HS code 73242900 is used to classify iron or steel baths (whether enameled or not) for import and export purposes. Understanding the product description, duty rates, special tariff preference programs, quantity units, and the importing and exporting states is crucial for businesses involved in the trade of these products. By utilizing the special tariff preference programs, importers and exporters can benefit from duty-free treatment and promote international trade.
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