The HS code 74181921 refers to copper-zinc alloy (brass) household articles and parts thereof, which are not coated or plated with precious metals. This code is used to classify and identify these specific products for international trade purposes. Understanding the HS code is essential for importers, exporters, customs officials, and other stakeholders involved in global trade.
The product description provides a clear indication of the items covered under this HS code. It includes various table, kitchen, or other household articles made of brass. These may include utensils, cutlery, decorative items, and various parts used in the production of such articles.
When importing or exporting products classified under HS code 74181921, it is crucial to consider the associated duty rates. The bound or most-favored-nation (MFN) duty rate for this code is 3%. The MFN principle ensures that a country must apply the same trade barriers or market openings to all its trading partners for the same goods or services. Therefore, the duty rate of 3% applies uniformly to all countries.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is commonly used for trade transactions and helps in determining the quantity and value of the imported or exported products.
There are also special tariff preference programs available for products classified under HS code 74181921. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries are eligible for duty-free treatment under various programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties. Importers and exporters should take advantage of these programs when trading with the eligible countries to lower their overall costs.
For businesses importing or exporting products under HS code 74181921, it is essential to understand the specific regulations and requirements of the importing and exporting US states. Different states may have additional regulations, licensing requirements, or documentation procedures that need to be followed. It is crucial to comply with these state-level requirements to ensure smooth customs clearance and trade operations.
the HS code 74181921 pertains to copper-zinc alloy (brass) household articles and parts. It is important for traders to be familiar with this code, as it helps in accurate classification, determining duty rates, and availing special tariff preference programs. By understanding the HS code and associated regulations, businesses can effectively navigate international trade and maximize their opportunities in the global market.