When it comes to international trade, it is important to have a standardized system for classifying goods. This is where the Harmonized System (HS) Code comes into play. The HS Code 74102160 refers to a specific product - in this case, refined copper foil with a thickness of 0.15mm or less, backed.
Refined copper foil is a versatile material that is used in various industries. Its thin profile and excellent electrical conductivity make it ideal for applications such as electronics, telecommunications, and automotive components. The backing provides additional support and protection to the foil, enhancing its durability and usability.
When importing or exporting this product, it is important to be aware of the relevant duty rates. The bound/Most Favored Nation (MFN) duty rate for HS Code 74102160 is 1.5%. This means 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.
The quantity unit for this product is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the amount of goods being imported or exported.
Additionally, there are special tariff preference programs in place for HS Code 74102160. These programs provide certain countries with preferential treatment, including duty-free access to the market. The following countries enjoy special tariff rates for this product: Australia, Bahrain, Canada (under NAFTA), Chile, the European Union, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States (under the Caribbean Basin Initiative and the Dominican Republic-Central American Special Rate).
It is worth noting that these special tariff preference programs are designed to promote trade and economic cooperation between countries. They aim to reduce trade barriers and create a more level playing field for all participating nations.
When it comes to the importing and exporting of HS Code 74102160, it is important to consider both the origin and destination. Different US states may have different regulations and requirements for this product. Similarly, the exporting US states may have their own set of rules and procedures.
the HS Code 74102160 pertains to refined copper foil with a thickness of 0.15mm or less, backed. This versatile product finds application in various industries and is subject to a 1.5% bound/MFN duty rate. However, certain countries enjoy special tariff preference programs, allowing them duty-free access to the market. It is essential for importers and exporters to be aware of these programs and any specific regulations in the importing and exporting US states.