The HS Code 78011000 refers to the product description of refined lead, unwrought. This code is used to categorize and classify this specific product for international trade purposes. The HS code plays a vital role in ensuring the smooth flow of goods across borders and allows customs authorities to identify and regulate various items.
Refined lead, unwrought falls under the HS code 78011000. It is important to note that the code is not just a random number but is standardized worldwide. The HS code system was developed by the World Customs Organization (WCO) to facilitate international trade and harmonize customs procedures globally.
When importing or exporting refined lead, unwrought, it is crucial to be aware of the bound/Most Favored Nation (MFN) duty rate. For this specific HS code, the duty rate is 2.5% based on the value of the lead content. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for refined lead, unwrought is kilograms (KG). This measurement is used to determine the weight of the product being imported or exported.
There are also special tariff preference programs associated with the HS code 78011000. These programs provide certain countries with preferential treatment, including duty-free access to the market. The countries eligible for these programs are:
When importing refined lead, unwrought into the United States, it is worth noting that the state of Maryland is a common destination. However, the exporting US states are not specified in the provided data.
the HS code 78011000 is used to classify and categorize refined lead, unwrought for international trade purposes. This code helps customs authorities regulate and track the flow of goods across borders. It is essential to be aware of the bound/MFN duty rate, special tariff preference programs, and the quantity unit when importing or exporting products under this HS code.