HS Code 76020000: Aluminum Waste and Scrap
Aluminum waste and scrap fall under the HS Code 76020000, which is used to classify and identify specific products for international trade purposes. The HS Code is an internationally recognized system that categorizes goods based on their characteristics, composition, and intended use.
Product Description: Aluminum, waste and scrap
Aluminum waste and scrap refer to discarded or leftover aluminum materials that can be recycled or reused. This category includes various forms of aluminum, such as sheets, plates, rods, wires, and extrusions, which are no longer suitable for their original purpose but can still be processed and transformed into new aluminum products.
Bound / MFN Duty Rate: Free
Under the World Trade Organization (WTO) rules, the bound or Most Favored Nation (MFN) duty rate for HS Code 76020000 is set at zero. This means that countries must eliminate any trade barriers or tariffs imposed on the importation of aluminum waste and scrap. When a country lowers its trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners.
Quantity Unit: Kilograms (KG)
The quantity unit for measuring aluminum waste and scrap is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported aluminum materials.
Special Tariff Preference Programs:
- Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment. This program aims to promote economic growth in these countries by providing preferential treatment for their exports.
- Australia Special Rate: Australia enjoys a special rate for the importation of aluminum waste and scrap.
- Bahrain Special Rate: Bahrain benefits from a special rate for the importation of aluminum waste and scrap.
- NAFTA for Canada: Aluminum waste and scrap imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
- Africa Growth and Opportunity Act (AGOA): Aluminum waste and scrap imports from eligible African countries receive duty-free treatment under AGOA.
- Caribbean Basin Initiative (CBI): Aluminum waste and scrap imports from eligible Caribbean countries receive duty-free treatment under the CBI program.
- Israel Special Rate: Israel enjoys a special rate for the importation of aluminum waste and scrap.
- Andean Trade Preference Act (ATPA): Aluminum waste and scrap imports from eligible Andean countries receive duty-free treatment under ATPA.
- Jordan Special Rate: Jordan benefits from a special rate for the importation of aluminum waste and scrap.
- Morocco Special Rate: Morocco enjoys a special rate for the importation of aluminum waste and scrap.
- NAFTA for Mexico: Aluminum waste and scrap imports from Mexico receive duty-free treatment under NAFTA.
- Oman Special Rate: Oman benefits from a special rate for the importation of aluminum waste and scrap.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Aluminum waste and scrap imports from eligible countries in the DR-CAFTA region receive duty-free treatment.
- Peru Special Rate: Peru enjoys a special rate for the importation of aluminum waste and scrap.
- Singapore Special Rate: Singapore benefits from a special rate for the importation of aluminum waste and scrap.
- 0.2%: Aluminum waste and scrap imports from Chile receive a tariff rate of 0.2%.
Importing US States:
- Maryland
- West Virginia
- Arkansas
- Connecticut
- Iowa
- Louisiana
- Missouri
- South Dakota
- Alabama
- Kentucky
- New York
Exporting US States:
- North Carolina
- Pennsylvania
- West Virginia
- Maryland
- Hawaii
- Oregon
Aluminum waste and scrap are valuable resources that can be recycled and reused, contributing to sustainable production and minimizing waste. The HS Code 76020000 plays a crucial role in facilitating international trade and ensuring consistent classification of aluminum waste and scrap across countries.
More on HS code 76020000
