The HS Code 74153900 refers to copper products, specifically screw hooks and other threaded articles that are not elsewhere specified. This code is used to classify these items for import and export purposes.
The product description for HS Code 74153900 is copper, screw hooks, and other threaded articles, nesoi. "Nesoi" stands for "not elsewhere specified or included." This means that this code is used for copper products that do not have a specific classification under any other HS code.
When importing or exporting products classified under HS Code 74153900, it is important to be aware of the bound/MFN (Most Favored Nation) duty rate. The duty rate for this code is set at 3%, which means that a 3% tariff is applied to the value of the imported or exported goods.
One interesting aspect of the bound/MFN duty rate is that it ensures equal treatment for all countries. 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 principle promotes fair and non-discriminatory trade practices.
The quantity unit for HS Code 74153900 is kilograms (KG). This means that the weight of the imported or exported copper products is measured in kilograms when calculating the duty rate and other trade-related factors.
In addition to the duty rate, there are special tariff preference programs available for products classified under HS Code 74153900. These programs provide certain countries with preferential treatment, either through duty-free treatment or special rates. The countries eligible for these programs include:
These tariff preference programs aim to promote trade and economic cooperation between the countries involved, providing benefits such as reduced or eliminated tariffs for qualifying products.
When importing products classified under HS Code 74153900 into the United States, it is essential to consider the specific regulations and requirements of the importing US states. Similarly, when exporting these products from the United States, it is important to be aware of the regulations and requirements of the exporting US states. Compliance with these regulations ensures smooth and legal trade transactions.
HS Code 74153900 is used to classify copper products, including screw hooks and other threaded articles that are not elsewhere specified. Understanding the duty rate, quantity unit, and special tariff preference programs associated with this code is crucial for importers and exporters. Compliance with the regulations of importing and exporting US states is also essential for successful trade in these products.