When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products and simplifying cross-border transactions. In this article, we will explore the HS Code 75052150 in detail, focusing on its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with it.
The HS Code 75052150 refers to nickel wire that is not cold formed and does not contain any alloys. Nickel is a versatile metal widely used in various industries, including manufacturing, electronics, and construction. This specific HS Code is used to classify and track the import and export of this particular type of nickel wire.
The bound or Most Favored Nation (MFN) duty rate for HS Code 75052150 is 2.6%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive equal treatment from all trading partners. This duty rate helps regulate trade and ensure fair competition in the global marketplace.
The quantity unit for HS Code 75052150 is kilograms (KG). This means that the weight of the nickel wire, both during import and export, is measured and recorded in kilograms. The quantity unit is essential for accurate documentation and pricing calculations in international trade transactions.
HS Code 75052150 is eligible for various special tariff preference programs that offer reduced or duty-free treatment. These programs aim to promote economic growth, regional cooperation, and trade relationships between countries. The following are the special tariff preference programs associated with this HS Code:
HS Code 75052150 is imported into the following US states:
HS Code 75052150 is exported from the following US states:
the HS Code 75052150 represents nickel wire that is not cold formed and does not contain any alloys. Its duty rate, quantity unit, special tariff preference programs, and associated importing and exporting US states provide valuable information for businesses and governments involved in international trade. Understanding the HS Code system is essential for efficient and compliant cross-border transactions.