When it comes to international trade, it is essential to have a standardized system that classifies products. The Harmonized System (HS) provides this classification, and each product is assigned a unique HS code. One such code is HS Code 74032200, which refers to copper-tin base alloys (bronze), unwrought nesoi. In this article, we will explore this HS code in detail, including its description, duty rates, quantity units, special tariff preference programs, and the US states involved in its import and export.
HS Code 74032200 represents copper-tin base alloys, also known as bronze, in an unwrought form. Unwrought means that the alloy has not undergone any shaping or processing, and it is classified as "nesoi," which stands for "not elsewhere specified or included." Bronze is a metal alloy composed mainly of copper and tin, with varying proportions of other elements such as zinc, aluminum, and nickel. It is widely used in various industries, including architecture, art, construction, and electrical engineering.
The bound or most-favored-nation (MFN) duty rate for HS Code 74032200 is 1%. The MFN duty rate ensures that when 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 rate applies to all imports of copper-tin base alloys (bronze) classified under this HS code.
The quantity unit for HS Code 74032200 is kilograms (KG). This means that the weight of the imported or exported bronze is measured in kilograms. This standard unit helps in accurately calculating the quantity of the product involved in international trade transactions.
There are several special tariff preference programs associated with HS Code 74032200. These programs provide specific benefits or duty-free treatment to eligible countries. Here are some of the programs and the corresponding countries:
HS Code 74032200 has specific importing and exporting US states associated with it. The following states are involved in the importation of copper-tin base alloys (bronze) classified under this HS code:
On the other hand, the following US state is involved in the exportation of copper-tin base alloys (bronze) classified under this HS code:
These states play a crucial role in the international trade of copper-tin base alloys (bronze) and contribute to the global supply chain of this product.
HS Code 74032200 represents copper-tin base alloys (bronze), unwrought nesoi. It is important to understand this HS code and its associated details for anyone involved in international trade. The product description, duty rates, quantity units, special tariff preference programs, and the involvement of specific US states in importation and exportation help create a comprehensive understanding of this HS code. By following the regulations and utilizing the available tariff preference programs, businesses can navigate the international trade landscape more effectively.