The HS Code 74130090 represents a specific category of products within international trade. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity units, and special tariff preference programs. Understanding these aspects can be helpful for businesses engaged in importing and exporting activities.
The product description associated with HS Code 74130090 is "Copper, stranded wire, cables, plaited bands and the like, not electrically insulated, fitted with fittings or made up into articles." This means that the HS Code covers various copper-based products that are not electrically insulated and may come in the form of stranded wire, cables, or plaited bands.
These copper products are commonly used in various industries, including electrical and electronics, telecommunications, construction, and automotive. They serve as essential components for conducting electricity and transmitting signals.
The bound (or Most Favored Nation - MFN) duty rate for HS Code 74130090 is 3%. The MFN principle ensures 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 duty rate applies to the importation of products falling under HS Code 74130090. Importers need to consider this duty rate when calculating the cost of their goods and determining their pricing strategies.
The quantity unit used for HS Code 74130090 is kilograms (KG). This unit indicates the weight measurement for the products classified under this HS Code. Importers and exporters need to specify the quantity in kilograms when declaring the goods for customs purposes.
Several special tariff preference programs are available for products classified under HS Code 74130090. These programs offer reduced or duty-free treatment for eligible countries or regions. Here are some of the special tariff preference programs associated with this HS Code:
These special tariff preference programs provide opportunities for businesses to benefit from reduced or exempted import duties, depending on the trade agreements and eligibility criteria. Importers should carefully evaluate the requirements and conditions of these programs to maximize cost savings and competitiveness.
HS Code 74130090 is relevant for both importing and exporting activities involving the United States. Importers from various states in the US can source copper products falling under this HS Code from international suppliers. Similarly, US-based exporters can ship these products to customers located in different states or export them to other countries.
Some of the major US states engaged in importing copper, stranded wire, cables, plaited bands, and similar products include California, Texas, New York, Florida, and Illinois. These states have significant industrial activities where copper-based products find extensive usage.
On the exporting side, US states such as Arizona, Utah, Nevada, and New Mexico have copper mines and refineries, contributing to the country's copper exports. Additionally, states with strong manufacturing industries, like Michigan, Ohio, and Pennsylvania, may also export copper products classified under HS Code 74130090.
HS Code 74130090 covers various copper products, including stranded wire, cables, plaited bands, and more. Importers and exporters need to be aware of the product description, duty rates, quantity units, and special tariff preference programs associated with this HS Code. Understanding the details of HS Code 74130090 is crucial for businesses involved in international trade, as it enables them to comply with customs regulations, calculate costs accurately, and leverage available trade benefits.