Aluminum casks, drums, and similar containers are versatile and widely used for packaging various materials. These containers are specifically designed to hold substances other than compressed or liquid gas and have a capacity not exceeding 20 liters. They are also not fitted with any mechanical or thermal components. The HS code 76129010 is assigned to these aluminum containers, which play a crucial role in the global trade market.
The Bound / MFN duty rate for HS Code 76129010 is 5.7%. The Most Favored Nation (MFN) principle ensures that whenever a country lowers trade barriers or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate applies to aluminum casks, drums, and similar containers imported under this HS code.
The quantity unit for HS Code 76129010 is "number" (NO). It represents the number of aluminum casks, drums, or like containers being imported or exported.
Under certain tariff preference programs, imports of aluminum casks, drums, and similar containers under HS Code 76129010 may be eligible for duty-free treatment. The following programs provide special tariff preferences:
The following US states import aluminum casks, drums, and similar containers under HS Code 76129010:
The following US states export aluminum casks, drums, and similar containers under HS Code 76129010:
HS Code 76129010 plays a significant role in facilitating international trade by classifying and regulating the import and export of aluminum casks, drums, and similar containers. Understanding the specifics of this HS code is essential for traders, importers, and exporters involved in the packaging industry.