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Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 81029400: Molybdenum, Unwrought

Molybdenum is a versatile and valuable metal that is widely used in various industries. In this article, we will explore the HS code 81029400, which refers to unwrought molybdenum, including bars and rods obtained simply by sintering. We will discuss the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.

Product Description

The HS code 81029400 specifically covers unwrought molybdenum, including bars and rods obtained simply by sintering. Unwrought molybdenum refers to molybdenum in its purest form, without any additional manufacturing processes. It is commonly used in the production of alloys, such as steel, due to its excellent strength and heat resistance properties.

Duty Rates

The bound or most-favored-nation (MFN) duty rate for HS code 81029400 is 13.9 cents per kilogram on the molybdenum content. Additionally, a 1.9% duty is applied every time a country lowers a trade barrier or opens up a market. This ensures that the same goods or services from all trading partners receive equal treatment.

Quantity Unit

The quantity unit for HS code 81029400 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported.

Special Tariff Preference Programs

Certain countries and regions have special tariff preference programs for imports of unwrought molybdenum under HS code 81029400. These programs provide preferential treatment, such as duty-free or reduced-duty rates, to promote trade and economic development. Here are some of the special tariff preference programs applicable to this HS code:

1. Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
2. Australia Special Rate: Australia applies a special rate for imports of unwrought molybdenum under this HS code.
3. Bahrain Special Rate: Bahrain offers a special rate for imports of unwrought molybdenum under this HS code.
4. NAFTA for Canada: Imports from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
5. Chile Special Rate: Chile applies a special rate for imports of unwrought molybdenum under this HS code.
6. Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries under AGOA receive duty-free treatment.
7. Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries under the CBI receive duty-free treatment.
8. Israel Special Rate: Israel applies a special rate for imports of unwrought molybdenum under this HS code.
9. Andean Trade Preference Act (ATPA): Imports from eligible Andean countries under ATPA receive duty-free treatment.
10. Jordan Special Rate: Jordan offers a special rate for imports of unwrought molybdenum under this HS code.
11. Morocco Special Rate: Morocco applies a special rate for imports of unwrought molybdenum under this HS code.
12. NAFTA for Mexico: Imports from Mexico under NAFTA receive duty-free treatment.
13. Oman Special Rate: Oman offers a special rate for imports of unwrought molybdenum under this HS code.
14. Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries in the DR-CAFTA region receive duty-free treatment.
15. Peru Special Rate: Peru applies a special rate for imports of unwrought molybdenum under this HS code.
16. Singapore Special Rate: Singapore applies a special rate of 1.7 cents per kilogram on the molybdenum content, plus 0.2%.

Importing and Exporting US States

HS code 81029400 allows the import and export of unwrought molybdenum between various US states. The specific importing and exporting states may vary depending on market demand and supply. It is advisable to consult with relevant trade authorities or conduct market research to determine the most suitable states for importing or exporting unwrought molybdenum. HS code 81029400 refers to unwrought molybdenum, including bars and rods obtained simply by sintering. This versatile metal is widely used in various industries and undergoes specific duty rates, quantity measurement, and special tariff preference programs. Understanding the HS code and its associated information is crucial for businesses involved in the import and export of molybdenum.

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