The HS Code 74040060 refers to copper waste and scrap containing 94% or more by weight of copper. This article will provide an extensive educational overview of this product, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
Copper waste and scrap are materials that are no longer used or needed and are made up of copper. The HS Code 74040060 specifically applies to copper waste and scrap that contains 94% or more by weight of copper. This code helps identify and classify this specific type of copper waste in international trade.
The bound / MFN (Most Favored Nation) duty rate for HS Code 74040060 is free. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate promotes fair trade practices and equal treatment among countries.
The quantity unit for HS Code 74040060 is kilograms (KG). This unit of measurement is used to quantify the weight of copper waste and scrap being imported or exported under this HS code. It allows for accurate documentation and tracking of the quantity of the product being traded.
Under HS Code 74040060, there are several special tariff preference programs available. These programs provide certain countries with preferential treatment or exemption from duties when importing or exporting copper waste and scrap. The following countries enjoy special tariff rates:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duties on copper waste and scrap.
For HS Code 74040060, the following US states are known for importing copper waste and scrap:
These states have a demand for copper waste and scrap, and they engage in international trade to fulfill their requirements.
The following US states are known for exporting copper waste and scrap under HS Code 74040060:
These states have a surplus of copper waste and scrap, which they export to fulfill the demands of other countries.
HS Code 74040060 represents copper waste and scrap containing 94% or more by weight of copper. This article provided an extensive overview of the product, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states. Understanding the details of this HS code is essential for international trade and compliance with customs regulations.