When it comes to international trade, the Harmonized System (HS) codes play a pivotal role in classifying products and determining the applicable customs duties. One such HS code that is worth exploring is 74072190, which pertains to copper-zinc base alloys, specifically brass, in the form of bars and rods with a non-rectangular cross-section. In this article, we will delve deeper into the details of this HS code and shed light on various aspects related to it.
The HS code 74072190 encompasses brass bars and rods that do not have a rectangular cross-section. Brass, as a copper-zinc alloy, possesses excellent corrosion resistance, electrical conductivity, and malleability. It finds wide-ranging applications in industries such as construction, automotive, electrical, and plumbing. The non-rectangular shape of the bars and rods adds versatility to their usage, making them suitable for specialized applications.
For products falling under HS code 74072190, the bound or Most Favored Nation (MFN) duty rate is set at 2.2%. The MFN principle ensures 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 applies uniformly to all countries, ensuring fair and equal treatment.
The quantity unit for HS code 74072190 is kilograms (KG). This unit of measurement allows for accurate and standardized trade transactions, ensuring transparency and consistency in international trade.
Several countries have special tariff preference programs in place that provide preferential treatment for products falling under HS code 74072190. These programs offer either duty-free treatment or reduced tariff rates, promoting trade and economic cooperation. The countries and programs relevant to this HS code include:
HS code 74072190 sees imports into various states within the United States. The states that import this product include:
On the other hand, the product under HS code 74072190 is exported from the following US states:
HS code 74072190 plays a significant role in facilitating the international trade of copper-zinc base alloys, specifically brass, in the form of bars and rods with a non-rectangular cross-section. Understanding the details and implications of this HS code is crucial for businesses and individuals involved in the import and export of these products. By adhering to the relevant customs duties and taking advantage of special tariff preference programs, traders can enhance their competitiveness and foster global trade relationships.