The HS Code 74102200 refers to copper alloys foil that has a maximum thickness of 0.15mm and is backed. This code is used to classify the specific type of copper alloy foil being imported or exported. Understanding HS codes is essential for international trade as they help in identifying and categorizing goods for customs and tariff purposes.
The product description clearly states that the copper foil is made from copper alloys. Copper alloys are materials that consist of copper as the main component, along with other elements such as zinc, nickel, tin, or aluminum. These alloys are chosen for their specific properties, which make them suitable for various applications.
One important aspect to note is the bound/MFN duty rate associated with this HS code. The bound duty rate is the maximum rate at which a country can impose tariffs on imported goods. In this case, the duty rate is 1.5%. It is important to understand that this duty rate applies every time 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.
The quantity unit for this HS code is kilograms (KG). This means that the weight of the copper alloy foil is measured in kilograms when importing or exporting. It is crucial to accurately measure and report the weight to ensure compliance with customs regulations.
There are also special tariff preference programs associated with HS Code 74102200. These programs provide specific tariff benefits to certain countries. The following countries are eligible for free trade under this HS code:
These special tariff preference programs aim to promote trade between countries by reducing or eliminating tariffs on specific goods. Importers and exporters need to be aware of these programs and ensure they meet the criteria to take advantage of the preferential tariff rates.
In terms of importing and exporting, HS Code 74102200 applies to both the importing and exporting US states. This means that the code is used for goods being imported into the United States as well as goods being exported from the United States. It is important for businesses engaging in international trade to understand the regulations and requirements associated with this HS code to ensure smooth customs clearance.
HS Code 74102200 refers to copper alloys foil with a thickness of 0.15mm or less, backed. This code is used to classify and categorize these specific types of copper alloy foils for customs and tariff purposes. It is important for businesses involved in international trade to understand the HS code system and the associated regulations to ensure compliance and take advantage of any available tariff preference programs.