Aluminum wire is a versatile material that is widely used in various industries for its excellent conductivity and lightweight properties. The HS Code 76051900 specifically refers to aluminum wire that does not contain any alloys and has a maximum cross-sectional dimension of 7mm or less. This article will provide an extensive overview of this HS code, its product description, and other relevant information.
The product described under HS Code 76051900 is aluminum wire. It is important to note that this code specifically applies to aluminum wire that is not alloyed with any other materials. The maximum cross-sectional dimension of this wire is limited to 7mm or less. This means that the wire's diameter or width should not exceed this threshold.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 76051900 is 4.2%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. This rate ensures that the same goods or services receive equal treatment regardless of their origin.
The quantity unit for aluminum wire under HS Code 76051900 is kilograms (KG). This means that the weight of the wire is measured and reported in kilograms when it is imported or exported.
Several special tariff preference programs are applicable to aluminum wire under HS Code 76051900. These programs provide certain countries with preferential treatment when it comes to import duties. The following countries or regions enjoy free or special rates for this product:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. By granting preferential treatment to certain products, such as aluminum wire, these programs encourage increased import-export activities.
As HS Code 76051900 is applicable to international trade, it is important to consider the importing and exporting US states involved in the trade of aluminum wire. The specific states involved will vary depending on the trade agreements, business partnerships, and market demands. However, some common importing states for aluminum wire include California, Texas, New York, Illinois, and Florida. Similarly, common exporting states include Michigan, Ohio, Pennsylvania, California, and Texas.
HS Code 76051900 refers to aluminum wire with a maximum cross-sectional dimension of 7mm or less. This code is used to classify and regulate the import and export of such wire. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses and individuals involved in the international trade of aluminum wire.