Aluminum is a versatile material that is widely used in various industries due to its lightweight, corrosion-resistant, and durable properties. One of the common applications of aluminum is in the manufacturing of screws, bolts, nuts, screw hooks, washers, and similar articles. These products, with shanks, threads, or holes 6 mm or less in diameter, are classified under HS Code 76161090.
The HS Code is an internationally recognized system for classifying traded goods. It helps in standardizing product classification and enables countries to apply consistent tariffs and trade policies. HS Code 76161090 specifically identifies aluminum articles with specific dimensions, making it easier for customs departments to identify and regulate their import and export.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 76161090 is 6%. The MFN principle means that whenever a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all trading nations.
The unit of quantity for HS Code 76161090 is kilograms (KG). This means that the customs authorities assess the duty and other charges based on the weight of the imported or exported aluminum screws, bolts, nuts, and similar articles.
There are also special tariff preference programs that provide duty-free treatment for products classified under HS Code 76161090. These programs aim to promote trade and economic cooperation between countries. The following countries or regions offer special tariff rates for these aluminum articles:
These special tariff preference programs aim to facilitate trade and provide incentives for countries to engage in mutually beneficial economic partnerships.
When it comes to importing products classified under HS Code 76161090, various US states are involved in trade. The major importing US states for aluminum screws, bolts, nuts, and similar articles are [insert relevant information]. These states play a significant role in the importation and distribution of these aluminum products within the United States.
On the other hand, the exporting US states for aluminum screws, bolts, nuts, and similar articles cater to the global demand for these products. These exporting states contribute to the growth of international trade and provide a steady supply of high-quality aluminum articles to meet the needs of various industries around the world.
HS Code 76161090 represents aluminum screws, bolts, nuts, screw hooks, washers, and similar articles with shanks, threads, or holes 6 mm or less in diameter. It is essential for customs authorities, traders, and manufacturers to understand this code to ensure proper classification, tariff assessment, and compliance with trade regulations. The special tariff preference programs provide opportunities for duty-free treatment and encourage trade cooperation between countries. The use of aluminum in these products makes them lightweight, corrosion-resistant, and durable, making them suitable for various applications in different industries.