Zinc, a chemical element with the symbol Zn and atomic number 30, is a versatile metal used in various industries. The HS Code 79011210 specifically refers to unwrought, casting-grade zinc that contains at least 97.5% but less than 99.99% by weight of zinc. This HS code provides a standardized classification for this specific type of zinc, making it easier for international trade and customs purposes.
When it comes to international trade, the HS code plays a crucial role in determining the import and export regulations, tariffs, and special preference programs associated with a specific product. The HS code 79011210 helps identify and classify casting-grade zinc, allowing governments and businesses to track its movement across borders and apply the appropriate duties and taxes.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 79011210 is 3%. This means that every time 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 3% duty rate applies to unwrought, casting-grade zinc imports regardless of the country of origin.
Quantity Unit: The quantity unit for HS Code 79011210 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported zinc. It helps ensure accurate calculations of duties, taxes, and other trade-related costs based on the weight of the zinc being traded.
Special Tariff Preference Programs: Various special tariff preference programs are available for HS Code 79011210, providing certain countries with preferential treatment or duty-free access to the US market. These programs include:
Importing US States: While there are no specific states listed for exporting unwrought, casting-grade zinc under HS Code 79011210, the importing US states include Maryland and Connecticut. These states play a significant role in the zinc trade, receiving imports of casting-grade zinc for various industrial applications.
the HS Code 79011210 provides a standardized classification for unwrought, casting-grade zinc. It helps facilitate international trade by enabling governments, businesses, and customs authorities to identify, track, and apply the appropriate regulations, tariffs, and special preference programs related to this specific type of zinc. Importing US states, such as Maryland and Connecticut, receive significant quantities of unwrought, casting-grade zinc, supporting various industries that rely on this versatile metal.