Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 74032901: Copper Alloys (Other Than Copper-Zinc, Copper-Tin Alloys), Unwrought NESOI

Copper is a versatile metal that is widely used in various industries due to its excellent conductivity, corrosion resistance, and malleability. Copper alloys, in particular, offer even greater strength and durability, making them highly sought after in manufacturing and construction. In this article, we will explore the HS code 74032901, which specifically refers to unwrought copper alloys that do not contain copper-zinc or copper-tin compositions.

The HS code 74032901 categorizes copper alloys that are not primarily made up of copper-zinc or copper-tin alloys. This code helps customs authorities and traders identify and classify these specific copper alloy products for international trade purposes.

When importing or exporting copper alloys falling under HS code 74032901, it is essential to be aware of the associated regulations and duty rates. The bound or Most Favored Nation (MFN) duty rate for this HS code is 1%. The MFN duty rate signifies that whenever a country lowers a trade barrier or opens up a market, they must do so for the same goods or services from all their trading partners. This promotes fair and equal treatment in global trade.

The quantity unit for measuring copper alloys under HS code 74032901 is kilograms (KG). This standardized unit helps facilitate accurate measurement and tracking of the imported or exported copper alloy products.

Several special tariff preference programs are available for copper alloys under HS code 74032901. These programs provide certain countries with preferential treatment or duty-free access to the US market. Here are some examples:

• Generalized System of Preferences (GSP): This program grants duty-free treatment for eligible countries, including Australia, Bahrain, Canada (NAFTA), Chile, Israel, Jordan, Mexico (NAFTA), Oman, Peru, Singapore, and others.
• Australia Special Rate: Australia enjoys a special rate under the GSP, allowing them duty-free access to the US market for copper alloys under HS code 74032901.
• Caribbean Basin Initiative (CBI): Certain Caribbean countries benefit from duty-free treatment for their copper alloy exports to the US under this program.
• Andean Trade Preference Act (ATPA): Countries like Chile, Colombia, Ecuador, and Peru enjoy preferential treatment for their copper alloy exports to the US under this program.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program offers preferential treatment for copper alloy exports from the Dominican Republic and Central American countries, including Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.

Now, let's take a look at the importing and exporting US states for copper alloys under HS code 74032901:

Importing US States:

• Arizona
• Connecticut
• Florida
• Georgia
• Louisiana
• New Jersey

Exporting US States:

• Utah
• Missouri

These states have a significant involvement in the import and export of copper alloys falling under HS code 74032901.

HS code 74032901 represents unwrought copper alloys that do not fall under the copper-zinc or copper-tin alloy categories. Traders and customs authorities use this code to classify and regulate international trade of these specific copper alloy products. Understanding the associated duty rates, special tariff preference programs, and the involvement of specific US states in importing and exporting these copper alloys is crucial for conducting successful and compliant trade transactions.