HS Code 74081130 refers to refined copper wire with a maximum cross-sectional dimension over 9.5 mm. This code is used to classify and identify this specific product for international trade purposes. Understanding the details and implications of this HS code is important for importers, exporters, and anyone involved in the copper wire industry.
The product description for HS Code 74081130 is "Refined copper wire with a maximum cross-sectional dimension over 9.5 mm." This means that the copper wire being traded under this code has been processed and purified to meet specific quality standards. It is important to note that the maximum cross-sectional dimension of the wire should be greater than 9.5 mm.
The bound / MFN (Most Favored Nation) duty rate for HS Code 74081130 is 1%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It means that if a country reduces tariffs or provides preferential treatment to certain goods or services, it must do so for all its trading partners. This ensures fair and equal treatment in international trade.
The quantity unit for HS Code 74081130 is kilograms (KG). This means that the weight of the copper wire being imported or exported is measured in kilograms. It is the standard unit used to determine the quantity of the product in international trade transactions.
Several special tariff preference programs apply to HS Code 74081130. These programs offer certain countries preferential treatment or duty-free access to the United States market. The countries eligible for these programs in relation to HS Code 74081130 are:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries. Importing or exporting HS Code 74081130 from or to these countries may result in preferential treatment or duty-free status.
The following US states are known for importing copper wire classified under HS Code 74081130:
These states have a significant demand for refined copper wire and actively participate in trade involving this product.
The following US states are known for exporting copper wire classified under HS Code 74081130:
These states are major producers or exporters of refined copper wire and contribute to the global trade of this product.
HS Code 74081130 pertains to refined copper wire with a maximum cross-sectional dimension over 9.5 mm. It is important to understand the product description, duty rates, quantity unit, special tariff preference programs, and the states involved in importing and exporting this product. This knowledge is crucial for businesses and individuals operating in the copper wire industry and engaging in international trade.