The HS Code 81052030 refers to cobalt alloys that are in an unwrought form. This means that they are not yet shaped or manufactured into specific products but are in a raw and unprocessed state. Cobalt alloys are known for their excellent strength, corrosion resistance, and high-temperature stability, making them valuable in various industries.
When importing cobalt alloys under HS Code 81052030, the bound or most-favored-nation (MFN) duty rate is 4.4%. This duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring fair treatment for all trading partners' goods or services.
The quantity unit for cobalt alloys under this HS Code is kilograms (KG). This unit measurement is used to determine the weight of the imported or exported cobalt alloys.
There are also several special tariff preference programs that apply to cobalt alloys under HS Code 81052030. These programs provide certain countries with preferential treatment or duty-free access to the United States market. The countries eligible for these special rates include:
These special rates allow imports of cobalt alloys from the mentioned countries to enter the United States without incurring any duties or tariffs. It promotes trade and strengthens economic relationships between the United States and these countries.
When it comes to the importing US states, Maryland is one of the states involved in the importation of cobalt alloys under HS Code 81052030. It indicates that there is a demand for these materials in Maryland, likely due to the presence of industries or businesses that utilize cobalt alloys in their manufacturing processes.
Regarding the exporting US states, no specific information is provided in the data. However, it is important to note that the United States is a significant exporter of various goods, including cobalt alloys. These exports contribute to the country's economy and international trade relationships.
HS Code 81052030 represents unwrought cobalt alloys. This code is used to classify and track the import and export of these materials. The bound or MFN duty rate ensures fair treatment for all trading partners, and special tariff preference programs provide certain countries with duty-free access to the United States market. Understanding the HS code and its associated information is crucial for importers, exporters, and businesses involved in international trade.