In international trade, the Harmonized System (HS) code is a standardized system for classifying goods. Each product is assigned a unique HS code, which is used by customs authorities to determine the appropriate duty rates and regulations for imports and exports. In this article, we will focus on HS Code 74050010, which pertains to copper master alloys containing a specific percentage of phosphorus.
Product Description: Copper master alloys classified under HS Code 74050010 are alloys that contain 5% or more, but not more than 15% by weight of phosphorus. These alloys are primarily used in the manufacturing and production of various copper-based products, such as electrical wires, plumbing fixtures, and industrial machinery.
Bound/Most Favored Nation (MFN) Duty Rate: The bound or MFN duty rate for products under HS Code 74050010 is free. This means that when a country lowers a trade barrier or opens up a market, it must provide the same duty-free treatment for copper master alloys containing phosphorus from all its trading partners. This promotes fair and equal trade practices among nations.
Quantity Unit: The quantity unit for products classified under HS Code 74050010 is kilograms (KG). This unit of measurement is used to determine the weight of the copper master alloys being imported or exported.
Special Tariff Preference Programs: Copper master alloys containing phosphorus under HS Code 74050010 may qualify for special tariff preference programs. The following countries or territories offer duty-free treatment for these products:
Importing US States: If you are importing copper master alloys containing phosphorus under HS Code 74050010 to the United States, the following states are major destinations:
Exporting US States: If you are exporting copper master alloys containing phosphorus under HS Code 74050010 from the United States, the following states are major sources:
HS Code 74050010 represents copper master alloys containing 5% or more but not more than 15% by weight of phosphorus. These alloys have various applications in industries such as electrical, plumbing, and machinery manufacturing. Importers and exporters should be aware of the duty-free treatment available under special tariff preference programs and the major states involved in trade related to this HS code.