Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 74031900: Refined Copper, Unwrought Articles Nesoi

The HS Code 74031900 refers to refined copper and unwrought articles not elsewhere specified or included. This code is used to classify copper products that have been processed and refined, but do not fall under any other specific category.

Refined copper is a valuable metal that is widely used in various industries, including construction, electronics, and transportation. It has excellent electrical and thermal conductivity, making it an essential material for wiring and electronic components.

Unwrought articles refer to copper products that have not been shaped or formed into a specific product. They are typically in the form of bars, rods, or ingots, which can be further processed or used as raw material in various manufacturing processes.

When importing or exporting products classified under HS Code 74031900, it is important to be aware of the applicable duty rates and special tariff preference programs. The bound or most-favored-nation (MFN) duty rate for this HS code is 1%, which 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 this HS code is kilograms (KG), which is the standard unit of measurement for copper and other metals.

There are several special tariff preference programs that offer duty-free treatment for products classified under HS Code 74031900. These programs include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible products from various developing countries.
• Australia Special Rate: Offers a special rate for imports from Australia.
• Bahrain Special Rate: Provides a special rate for imports from Bahrain.
• NAFTA for Canada: Allows duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate: Offers a special rate for imports from Chile.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible products from certain Caribbean countries.
• Israel Special Rate: Offers duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Provides duty-free treatment for eligible products from certain Andean countries.
• Jordan Special Rate: Offers a special rate for imports from Jordan.
• Morocco Special Rate: Provides a special rate for imports from Morocco.
• NAFTA for Mexico: Allows duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Offers a special rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment for eligible products from certain Central American countries and the Dominican Republic.
• Peru Special Rate: Offers a special rate for imports from Peru.
• Singapore Special Rate: Provides a special rate for imports from Singapore.

When importing products classified under HS Code 74031900 into the United States, certain states have been identified as major importers. These states include Arizona, Connecticut, Florida, Georgia, Louisiana, and New Jersey.

On the other hand, the major exporting states of products classified under HS Code 74031900 from the United States are Utah and Missouri.

Overall, the HS Code 74031900 plays a crucial role in the classification and trade of refined copper and unwrought articles. It helps in facilitating international trade by ensuring proper tariff rates and eligibility for special tariff preference programs. Understanding this HS code is essential for importers, exporters, and anyone involved in the copper industry.