The Harmonized System (HS) is an international classification system used to classify and define traded products. Each product is assigned a unique HS code, which is used by customs authorities to determine the applicable tariffs and regulations for imports and exports. In this article, we will explore HS Code 74199950, which relates to copper articles not coated or plated with precious metal.
HS Code 74199950 specifically covers copper articles that are not coated or plated with precious metals like gold or silver. This can include a wide range of products made from copper, such as pipes, tubes, fittings, wires, and other similar items. It is important to note that this code excludes copper articles that are coated or plated with precious metals, as they fall under different HS codes.
When it comes to the import and export of products classified under HS Code 74199950, it is essential to understand the applicable duty rates and any special tariff preference programs that may be available for certain countries. The bound or most-favored-nation (MFN) duty rate for this HS code is free. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 74199950 is kilograms (KG). This unit of measurement is used to determine the weight of the copper articles being imported or exported.
Furthermore, there are special tariff preference programs available for products classified under HS Code 74199950. These programs provide preferential duty rates or duty-free treatment for eligible countries. The following countries are eligible for free trade under these programs: Australia, Austria, Bahrain, Canada, Chile, European Union, Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore.
Each country's specific special rate is outlined as follows:
When importing or exporting copper articles classified under HS Code 74199950 to or from the United States, it is also important to consider the specific states involved in the trade. The importing and exporting US states play a role in determining any additional regulations or requirements that may apply.
HS Code 74199950 relates to copper articles that are not coated or plated with precious metals. This code is used to classify and regulate the import and export of these products. It is crucial for traders to understand the applicable duty rates and any special tariff preference programs available for specific countries. By adhering to the regulations outlined by the HS code, traders can ensure smooth and compliant international trade.