Cobalt is a valuable metal that is used in various industries and can be found in different forms. The Harmonized System (HS) Code 81059000 specifically refers to Cobalt and articles thereof nesoi. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS Code 81059000 is "Cobalt, articles thereof nesoi." This code encompasses various cobalt products and articles that are not elsewhere specified. It includes different forms of cobalt, such as alloys, powders, and other related articles.
The bound or most-favored-nation (MFN) duty rate for HS Code 81059000 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 3.7% for the importation of cobalt and its articles from all its trading partners. This duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 81059000 is kilograms (KG). This means that the import and export of cobalt and its articles are measured and recorded in kilograms. It is important to accurately declare the quantity of cobalt being imported or exported to comply with customs regulations and facilitate smooth trade transactions.
HS Code 81059000 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates, allowing certain countries to import cobalt and its articles at reduced or duty-free rates. The following special tariff preference programs apply to HS Code 81059000:
While specific information about the importing US states is not provided in the data, it is worth mentioning that cobalt and its articles classified under HS Code 81059000 can be imported into various US states. However, it is essential for importers to comply with customs requirements and regulations, including proper documentation and payment of applicable duties.
The data does not provide information about the exporting US states for HS Code 81059000. However, it is important to note that the United States is a significant exporter of cobalt and its articles. The export of these products contributes to the global cobalt market and supports various industries that rely on cobalt for manufacturing and production processes.
HS Code 81059000 represents cobalt and articles thereof nesoi. This code covers various cobalt products and articles that are not specifically classified elsewhere. Importing and exporting cobalt under this HS code requires compliance with customs regulations, accurate quantity declaration, and payment of applicable duties. The special tariff preference programs provide certain countries with preferential treatment in terms of duty rates, promoting international trade and cooperation.