The HS Code 75051110 refers to nickel bars and rods that have been cold formed. This code is used to classify and track the import and export of these specific products. Understanding the details and implications of this HS code is important for businesses involved in international trade.
Product Description: Nickel (o/than alloy), bars and rods, cold formed
The product description provides specific information about the goods covered by this HS code. In this case, it refers to nickel bars and rods that are cold formed. Cold forming is a process used to shape metal at room temperature, resulting in increased strength and durability.
Bound / MFN Duty Rate: 3%
The bound or most-favored nation (MFN) duty rate associated with this HS code is 3%. This means that when 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 3% duty rate applies to the import or export of nickel bars and rods classified under this HS code.
Quantity Unit: Kilograms (KG)
The quantity unit specified for this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the nickel bars and rods being imported or exported. It is important for accurate documentation and calculation of shipping costs.
Special Tariff Preference Programs:
The special tariff preference programs listed above indicate the countries or regions that have specific trade agreements or preferences in relation to this HS code. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for these nickel bars and rods. Other countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic (under DR-CAFTA), Peru, and Singapore also have special rates or preferential treatment for this product.
Importing US States: Maryland, West Virginia
The importing US states listed above indicate where the importation of nickel bars and rods under this HS code is commonly taking place. In this case, businesses in Maryland and West Virginia are involved in importing these products. This information can be useful for companies looking to establish trade relationships or locate potential customers in these states.
Exporting US States:
Unfortunately, the data provided does not specify the exporting US states for nickel bars and rods under this HS code. Additional information would be needed to determine the specific states involved in exporting these products.
the HS Code 75051110 is used to identify and classify nickel bars and rods that are cold formed. It provides important details about the product, duty rates, quantity units, and special tariff preference programs. Understanding this HS code is essential for businesses engaged in international trade to ensure compliance with customs regulations and take advantage of any available trade benefits.