When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products for import and export purposes. In this article, we will delve into the details of HS Code 74091150, which corresponds to refined copper plates, sheets, and strip with a thickness over 0.15mm but less than 5 mm.
HS Code 74091150 encompasses refined copper products in the form of plates, sheets, and strip. These products are typically rolled into coils and have a thickness exceeding 0.15mm but not exceeding 5mm. Refined copper is a versatile material widely used in various industries, including construction, electrical, and manufacturing.
The bound or Most Favored Nation (MFN) duty rate associated with HS Code 74091150 is 1%. The MFN principle stipulates 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 ensures fair and non-discriminatory treatment among nations.
The quantity unit for HS Code 74091150 is kilograms (KG). This unit is commonly used in international trade to specify the weight or mass of goods being imported or exported.
Several special tariff preference programs apply to imports of refined copper plates, sheets, and strip classified under HS Code 74091150. These programs offer preferential treatment, including duty-free access, to eligible countries. Here are some of the notable programs:
These programs aim to foster trade relations and provide certain countries with preferential treatment, allowing them to import refined copper products at reduced or zero tariffs.
HS Code 74091150 is imported into the following US states:
These states play a significant role in the importation of refined copper plates, sheets, and strip under HS Code 74091150, contributing to the country's supply and demand dynamics.
On the other hand, the following US states are major exporters of refined copper plates, sheets, and strip:
These states play a crucial role in meeting international demand for refined copper products, including those classified under HS Code 74091150.
HS Code 74091150 covers refined copper plates, sheets, and strip with specific characteristics. Understanding the details of this HS code is essential for importers, exporters, and stakeholders involved in the international trade of copper products.