The HS Code 74071015 refers to refined copper in the form of hollow profiles. This code is used to classify and identify this specific type of copper product for international trade purposes. Understanding the HS code system is essential for importers, exporters, and customs officials to ensure accurate classification and proper tariff application.
Refined copper is a valuable and versatile metal that is widely used in various industries, including construction, electrical, and electronics. Hollow profiles, as the name suggests, are copper shapes with empty interiors, often used in the manufacturing of pipes, tubes, and other cylindrical components.
When importing or exporting refined copper hollow profiles, it is important to be aware of the applicable tariff rates. The bound or Most Favored Nation (MFN) duty rate for this HS code is 3%. This means that every country must apply the same trade barrier reduction or market opening for refined copper hollow profiles to all its trading partners.
The quantity unit for this HS code is kilograms (KG). This unit is used to measure the weight of the imported or exported refined copper hollow profiles.
There are also special tariff preference programs available for this product. Under these programs, certain countries enjoy duty-free treatment when trading refined copper hollow profiles with the United States. The countries that qualify for this special tariff preference include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the participating countries.
When it comes to importing refined copper hollow profiles into the United States, certain states are more active in this trade. The states that import this product the most include Arizona, Connecticut, Florida, Georgia, Louisiana, and New Jersey. These states have a significant demand for refined copper hollow profiles, likely due to their industrial and construction activities.
On the other hand, the states that export refined copper hollow profiles from the United States include Utah, Missouri, Hawaii, New Mexico, and New York. These states have a strong manufacturing base and are able to produce and export these copper products to meet the global demand.
the HS Code 74071015 represents refined copper in the form of hollow profiles. This code is used to classify and identify this specific type of copper product for international trade purposes. Importers, exporters, and customs officials must be familiar with this code to ensure accurate classification, proper tariff application, and compliance with special tariff preference programs.