Iron or steel containers are widely used for various purposes, from industrial storage to personal use. HS Code 73269035 specifically refers to containers made of iron or steel that are designed to be carried on the person, in the pocket, or in the handbag. These containers are classified as "nesoi," which stands for "not elsewhere specified or included," indicating that they do not fit into any other specific category within the HS code system.
The HS code system is an internationally recognized standard for classifying traded goods. It helps to streamline customs procedures and facilitate international trade by providing a uniform system for identifying and categorizing products. Each HS code consists of a unique combination of numbers and letters that represents a specific product or group of products.
When importing or exporting goods, it is important to correctly identify the HS code for the products in question. This ensures that the appropriate customs duties, taxes, and regulations are applied to the goods. In the case of HS code 73269035, the bound/MFN (most-favored-nation) duty rate is 7.8%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS code 73269035 is dozens (DOZ). This unit of measurement is commonly used for products that are sold in sets or multiples of twelve. It is important to note that the quantity unit may vary depending on the specific product within the HS code category.
There are also several special tariff preference programs that apply to HS code 73269035. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries included in these programs for HS code 73269035 are:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of their products in the global market.
When it comes to importing HS code 73269035 into the United States, there are specific states that are known for their import activities. These states include Alaska, Minnesota, New Mexico, Oklahoma, and the Virgin Islands. These states have a higher demand for iron or steel containers for personal use and therefore tend to import more of these products.
On the other hand, when it comes to exporting HS code 73269035 from the United States, the states of New Mexico and Wyoming are known for their export activities. These states have a higher production capacity for iron or steel containers for personal use, making them key players in the global market.
Overall, HS code 73269035 plays a crucial role in international trade, specifically for iron or steel containers designed for personal use. Understanding the HS code system, its associated duty rates, and special tariff preference programs can help businesses navigate the complexities of global trade and optimize their import/export operations.