The HS Code 81029530 refers to Molybdenum bars and rods that are obtained through processes other than simply sintering. This code is used to classify and identify this specific type of product for trade and regulatory purposes.
Molybdenum is a chemical element with the symbol Mo and atomic number 42. It is a silvery-white metal that has a high melting point and excellent resistance to corrosion. Molybdenum bars and rods are commonly used in various industries, including aerospace, electronics, and manufacturing.
The Bound / MFN duty rate for HS Code 81029530 is 6.6%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.6% to Molybdenum bars and rods from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for this HS Code is kilograms (KG). This unit of measurement is used to determine the weight of Molybdenum bars and rods being imported or exported. It helps in calculating the cost, transportation, and logistics involved in the trade of this product.
There are several special tariff preference programs applicable to HS Code 81029530. These programs provide preferential treatment and exemptions from duty for specific countries. The following countries have special tariff rates for Molybdenum bars and rods:
The availability of these special tariff rates promotes trade and economic cooperation between the countries involved. It encourages importers and exporters to take advantage of these programs to reduce costs and enhance competitiveness.
When importing or exporting Molybdenum bars and rods under HS Code 81029530, it is important to comply with the regulations and requirements of both the importing and exporting countries. This includes proper documentation, packaging, labeling, and adherence to quality standards.
HS Code 81029530 pertains to Molybdenum bars and rods obtained through processes other than sintering. This code is used to classify and identify this specific product for trade purposes. It has a bound duty rate of 6.6% and is measured in kilograms. Special tariff preference programs are available for specific countries, providing duty-free treatment or special rates. Importers and exporters should ensure compliance with regulations and standards to facilitate smooth trade operations.