When it comes to international trade, it is essential to have a standardized system that categorizes and identifies different products. The Harmonized System (HS) Code is a globally recognized system used for this purpose. In this article, we will explore HS Code 74199930, which refers to copper articles that are not elsewhere specified, coated or plated with precious metal.
The product description for HS Code 74199930 is quite straightforward. It covers copper articles that have been coated or plated with a precious metal. This can include various items like jewelry, decorative pieces, or even industrial components.
One important aspect to consider when dealing with international trade is the duty rate applied to the products. For HS Code 74199930, the bound or most favored nation (MFN) duty rate is set at 3%. The MFN duty rate ensures that whenever 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.
The quantity unit for HS Code 74199930 is kilograms (KG). This means that the import or export of copper articles coated or plated with precious metal will be measured and recorded in kilograms.
There are also special tariff preference programs that apply to HS Code 74199930. These programs provide certain countries with preferential treatment or exemption from duties. The following countries can benefit from these special tariff preference programs for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing certain benefits to encourage imports and exports.
When importing or exporting products under HS Code 74199930, it is important to consider the specific regulations and requirements of both the importing and exporting countries. Customs regulations, documentation, and other factors may vary depending on the countries involved.
HS Code 74199930 covers copper articles that are coated or plated with a precious metal. It is important to understand the duty rates and special tariff preference programs that apply to this HS Code when engaging in international trade. By adhering to the regulations and requirements, businesses can effectively import or export these copper articles and contribute to the global trade market.