Aluminum casks, drums, and similar containers are an essential part of the packaging and transportation industry. They are designed to hold various materials, including compressed or liquid gas, with a capacity of over 20 liters but not exceeding 300 liters. These containers are not fitted with any mechanical components and are suitable for use in a wide range of industries.
HS Code 76129050 specifically covers aluminum casks, drums, and like containers with the aforementioned characteristics. This code helps classify and track these containers in international trade, making it easier for customs authorities and businesses to identify and regulate their import and export.
When it comes to international trade, tariffs and duty rates play a significant role. The bound or Most Favored Nation (MFN) duty rate for HS Code 76129050 is free. This means that countries must eliminate any trade barriers or open up their markets without imposing any duties on the import or export of these containers. It promotes fair and equal treatment for all trading partners.
In addition to the MFN duty rate, there are special tariff preference programs that offer further benefits for certain countries. For HS Code 76129050, the following countries enjoy free trade privileges:
These special rates and programs aim to promote economic cooperation and facilitate trade between countries. They provide preferential treatment to certain nations, encouraging importers and exporters to engage in business activities with these countries.
When it comes to the United States, the import data for HS Code 76129050 shows that the states of Maryland and the District of Columbia are major importers of aluminum casks, drums, and like containers. On the other hand, the states of Alabama, Colorado, Iowa, Kansas, New York, and West Virginia are the main exporters of these containers.
Aluminum casks, drums, and like containers are vital for the packaging and transportation of various materials. Their use in different industries ensures the safe and efficient storage and delivery of goods. With HS Code 76129050 and the associated duty rates and tariff preference programs, international trade involving these containers becomes more transparent, fair, and mutually beneficial for all parties involved.