The HS Code 74101200 refers to copper alloys in the form of foil, with a thickness of 0.15 mm or less, and not backed. This code is used to classify and identify this specific type of copper alloy product for international trade purposes. Understanding the details and implications of this code is essential for importers, exporters, and traders dealing with copper alloys.
The product description for HS Code 74101200 is "Copper alloys, foil, w/thickness of 0.15 mm or less, not backed." This means that the product is made of copper alloys and is in the form of a thin foil. The thickness of the foil is required to be 0.15 mm or less. Additionally, the product should not have any backing material attached to it.
The bound / MFN (Most Favored Nation) duty rate for HS Code 74101200 is 1%. The MFN principle states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This means that the importers or exporters of this copper alloy foil will be subject to a duty rate of 1% when trading with countries that follow the MFN principle.
It is important to note that duty rates can vary depending on specific trade agreements or special tariff preference programs that a country has in place. These programs can offer lower or even duty-free rates for certain products, including copper alloys. It is advisable for traders to research and understand the specific duty rates applicable to their trade partners or regions.
The quantity unit for HS Code 74101200 is kilograms (KG). This means that the weight of the copper alloy foil should be measured and reported in kilograms when conducting international trade transactions. The quantity unit is crucial for accurately determining the value and volume of the product being traded.
There are several special tariff preference programs that provide favorable treatment for imports or exports of copper alloys falling under HS Code 74101200. These programs offer reduced or duty-free rates for specific countries or regions. The following are some of the special tariff preference programs applicable to this HS code:
The HS Code 74101200 is relevant for importers located in various states of the United States. Importers in states such as California, Texas, New York, Illinois, and Florida, among others, may engage in the importation of copper alloys falling under this HS code. Understanding the specific regulations, duty rates, and trade agreements applicable to the importing state is essential for smooth and compliant trade operations.
The HS Code 74101200 is also relevant for exporters located in various states of the United States. Exporters in states such as California, Texas, New York, Illinois, and Florida, among others, may engage in the exportation of copper alloys falling under this HS code. Exporters should ensure compliance with export regulations, documentation requirements, and trade agreements applicable to their specific state and the destination country.
HS Code 74101200 represents copper alloys in the form of foil, with a thickness of 0.15 mm or less, and not backed. Understanding the details of this code, including the product description, duty rate, quantity unit, and special tariff preference programs, is crucial for importers, exporters, and traders involved in the trade of copper alloys. Compliance with applicable regulations and trade agreements ensures seamless trade operations and maximizes the benefits of preferential treatment programs.