The HS Code 74181951 refers to a specific category of copper products that are used for table, kitchen, or other household articles. These products are made of copper, excluding brass, and are not coated or plated with precious metals.
When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing goods. It is a standardized system used by countries around the world to classify and track imports and exports. This helps in ensuring smooth trade transactions and accurate tariff calculations.
The product description mentioned in the HS Code 74181951 provides a clear understanding of the items included in this category. It specifies that the copper articles covered by this code are primarily intended for household use. They can include various items such as utensils, cutlery, decorative pieces, and other similar products.
One important aspect to note is that the bound or MFN (Most Favored Nation) duty rate for HS Code 74181951 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 promotes fair and equal treatment among trading nations.
Unfortunately, the quantity unit for this HS Code is not available (NA). This means that the specific unit of measurement for the products categorized under this code is not specified. It could vary depending on the type of product being imported or exported.
However, there are special tariff preference programs that provide certain benefits for imports under HS Code 74181951. These programs offer reduced or zero-duty rates for specific countries. Some of the special tariff preference programs applicable to this HS Code include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for certain products. Importers and exporters dealing with HS Code 74181951 can take advantage of these programs to reduce their import costs or gain preferential market access.
It is also worth mentioning that the HS Code 74181951 applies to both importing and exporting US states. This means that the code is relevant for identifying and classifying copper products under this category regardless of whether they are being imported into or exported from the United States.
Overall, the HS Code 74181951 plays a vital role in international trade by accurately categorizing and tracking copper products used for table, kitchen, or other household articles. Understanding the specific details and tariff implications associated with this HS Code is essential for importers, exporters, and customs authorities to ensure smooth and compliant trade transactions.