Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 81029900: Molybdenum, articles nesoi

Molybdenum is a versatile metal that is widely used in various industries due to its exceptional properties. The HS Code 81029900 specifically refers to molybdenum articles not elsewhere specified or included. This means it covers a wide range of molybdenum products that are not classified under any other specific HS code.

Molybdenum is known for its high melting point, excellent corrosion resistance, and good electrical conductivity. These characteristics make it a valuable material in many applications. From aerospace and automotive industries to electronics and construction, molybdenum finds its use in numerous products and processes.

The bound or most-favored-nation (MFN) duty rate for HS Code 81029900 is 3.7%. The MFN duty rate is applied by a country whenever it lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.

The quantity unit for molybdenum under HS Code 81029900 is kilograms (KG). This unit is commonly used to measure the weight or mass of molybdenum articles being imported or exported.

There are several special tariff preference programs associated with HS Code 81029900. These programs offer duty-free treatment or special rates for molybdenum imports. Some of the notable programs include:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for molybdenum imports.
• Australia Special Rate: Australia offers a special rate for molybdenum imports, allowing for reduced or waived duties.
• Bahrain Special Rate: Bahrain provides a special rate for molybdenum imports, offering favorable duty conditions.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), molybdenum imports from Canada receive duty-free treatment.
• Chile Special Rate: Chile offers a special rate for molybdenum imports, providing advantageous duty terms.
• Caribbean Basin Initiative (CBI): This program grants duty-free treatment for molybdenum imports from eligible countries in the Caribbean Basin region.
• Israel Special Rate: Israel provides duty-free treatment for molybdenum imports, promoting trade between the countries.
• Andean Trade Preference Act (ATPA): This program offers preferential treatment for molybdenum imports from Andean countries, including reduced or eliminated duties.
• Jordan Special Rate: Jordan provides a special rate for molybdenum imports, allowing for favorable duty conditions.
• Morocco Special Rate: Morocco offers a special rate for molybdenum imports, providing advantageous duty terms.
• NAFTA for Mexico: Molybdenum imports from Mexico receive duty-free treatment under the NAFTA agreement.
• Oman Special Rate: Oman provides a special rate for molybdenum imports, offering reduced or waived duties.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program grants duty-free treatment for molybdenum imports from eligible countries in the Dominican Republic-Central America region.
• Peru Special Rate: Peru offers a special rate for molybdenum imports, promoting trade and economic cooperation.
• Singapore Special Rate: Singapore provides duty-free treatment for molybdenum imports, facilitating trade between the countries.

When importing molybdenum under HS Code 81029900, it is important to be aware of the specific special tariff preference programs that may apply. These programs can significantly impact the import duties and overall cost of the molybdenum articles.

Both importing and exporting US states engage in trade involving molybdenum articles under HS Code 81029900. The precise quantities and values of these imports and exports can vary between states and depend on factors such as industrial demand, production capabilities, and market dynamics.

HS Code 81029900 covers molybdenum articles not elsewhere specified or included. Molybdenum is a valuable metal with various applications, and its import and export are subject to specific duty rates and special tariff preference programs. Understanding these regulations and programs is crucial for businesses involved in molybdenum trade.