Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 74152900: Copper, rivets, cotters, cotter pins and similar non-threaded articles (o/than washers)

When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in the classification of goods. In this article, we will explore the HS Code 74152900, which is specifically assigned to copper, rivets, cotters, cotter pins, and similar non-threaded articles (other than washers).

The HS Code 74152900 provides a clear identification for customs authorities and traders alike, ensuring that the correct duties, tariffs, and regulations are applied to the goods being imported or exported. Let's delve deeper into the details of this HS Code and understand its implications in international trade.

Product Description

• Copper: The articles covered under this HS Code are primarily made of copper. Copper is a versatile metal known for its excellent electrical conductivity, corrosion resistance, and durability.
• Rivets: Rivets are fasteners used to join two or more materials together permanently. They are commonly used in industries like aerospace, automotive, and construction.
• Cotters: Cotters are pins or pegs used to secure two parts together. They are commonly found in mechanical assemblies and machinery.
• Cotter Pins: Cotter pins are similar to cotters but are specifically designed in a pin-like form. They are used for securing various components in place.
• Non-threaded Articles (other than washers): This HS Code specifically excludes washers, which are classified under a different HS Code category.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 74152900 is 3%. The MFN principle ensures 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 duty rate is applicable to all countries unless specified otherwise through special tariff preference programs.

Quantity Unit

The quantity unit for HS Code 74152900 is kilograms (KG). It provides a standardized measurement for the weight of the imported or exported goods.

Special Tariff Preference Programs

Several special tariff preference programs offer exemptions or reduced duty rates for goods classified under HS Code 74152900. These programs aim to promote trade, economic cooperation, and development among countries. The following countries or regions have special rates or duty-free treatment for the import or export of goods falling under this HS Code:

• Australia (A): Generalized System of Preferences (GSP) provides duty-free treatment for eligible products.
• Australia (AU): Automotive Products Trade Act (APTA) offers duty-free treatment for automotive products.
• Bahrain (B): Special rate applicable to goods imported from Bahrain.
• Canada (CA): NAFTA (North American Free Trade Agreement) provides duty-free treatment for goods traded between Canada, the United States, and Mexico.
• Chile (CL): Special rate applicable to goods imported from Chile.
• European Union (E): No specific special tariff preference program mentioned for this HS Code.
• Israel (IL): Special rate applicable to goods imported from Israel.
• Japan (J): No specific special tariff preference program mentioned for this HS Code.
• Jordan (JO): Special rate applicable to goods imported from Jordan.
• Morocco (MA): Special rate applicable to goods imported from Morocco.
• Mexico (MX): NAFTA provides duty-free treatment for goods traded between Canada, the United States, and Mexico.
• Oman (OM): Special rate applicable to goods imported from Oman.
• Peru (P): Special rate applicable to goods imported from Peru.
• Singapore (SG): Special rate applicable to goods imported from Singapore.

Importing and Exporting US States

The HS Code 74152900 applies to imports and exports of copper, rivets, cotters, cotter pins, and similar non-threaded articles (other than washers) across various US states. Some of the major importing and exporting US states for goods falling under this HS Code include:

• California
• Texas
• New York
• Florida
• Illinois

These states have significant trade volumes and play a vital role in the import and export of goods classified under HS Code 74152900.

the HS Code 74152900 provides a standardized classification for copper, rivets, cotters, cotter pins, and similar non-threaded articles (other than washers). Traders and customs authorities rely on this HS Code to determine the appropriate duties, tariffs, and regulations for international trade. Understanding the specific details and implications of this HS Code is crucial for smooth and compliant trade operations.