Refined copper cathodes and sections of cathodes fall under the HS Code 74031100. This code is used to classify and identify these specific products in international trade. In this article, we will explore more about this HS code, its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 74031100 represents refined copper cathodes and sections of cathodes. Copper cathodes are flat, rectangular slabs of metal that have undergone a refining process to remove impurities. These high-quality copper cathodes are widely used in various industries, including electrical, construction, and manufacturing.
The bound / MFN (Most Favored Nation) duty rate for HS Code 74031100 is 1%. The MFN principle states 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. This means that the duty rate of 1% applies to imports of refined copper cathodes and sections of cathodes from all countries.
The quantity unit for HS Code 74031100 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported copper cathodes and sections of cathodes.
There are several special tariff preference programs associated with HS Code 74031100. These programs provide specific countries with duty-free treatment or special rates for importing refined copper cathodes and sections of cathodes. Some of these programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved, providing them with benefits for importing copper cathodes and sections of cathodes under HS Code 74031100.
HS Code 74031100 allows the importation of refined copper cathodes and sections of cathodes into various US states. The states that are permitted to import products under this HS code include:
On the other hand, the exporting US state for refined copper cathodes and sections of cathodes under HS Code 74031100 is Utah. This means that Utah is a significant source of these products for international trade.
HS Code 74031100 encompasses refined copper cathodes and sections of cathodes. This code plays a crucial role in classifying and identifying these products in global trade. Importers and exporters need to be aware of the duty rates, special tariff preference programs, and the specific US states involved in the importation and exportation of these copper products. Understanding and complying with these regulations can help facilitate smooth international trade transactions.