The HS Code 81129250 refers to the import and export of unwrought rhenium and rhenium powders. Rhenium is a rare and valuable metal that has various applications in industries such as aerospace, electronics, and petrochemicals.
Unwrought rhenium refers to rhenium that has not been processed or shaped into a specific form. It is commonly used as an alloying element in the production of superalloys, which are used in turbine engines and other high-temperature applications. Rhenium powders, on the other hand, are finely ground particles of rhenium that can be used in the manufacturing of various products.
When it comes to the import and export of rhenium, countries follow the Harmonized System (HS) Code 81129250 to classify and regulate the trade of this specific product. The HS Code is an internationally standardized system of names and numbers for classifying traded products. It provides a common language for traders and customs officials to identify and categorize goods.
The bound or Most Favored Nation (MFN) duty rate for HS Code 81129250 is 3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate of 3% applies to the value of the rhenium being imported or exported.
The quantity unit for rhenium is kilograms (KG). This unit is used to measure the weight of rhenium being imported or exported. It provides a standard measurement for trading purposes and ensures consistency in the calculation of duties and tariffs.
There are also special tariff preference programs in place for the import and export of rhenium. These programs allow certain countries to receive preferential treatment in terms of duty rates. For HS Code 81129250, the following countries have special tariff preferences:
When importing rhenium into the United States, exporters need to be aware of the specific requirements and regulations imposed by the US states. Similarly, when exporting rhenium from the United States, importers need to comply with the regulations of the destination country. It is essential to ensure proper documentation, customs clearance, and adherence to any additional requirements or restrictions.
HS Code 81129250 pertains to the trade of unwrought rhenium and rhenium powders. It is used to classify, regulate, and facilitate the import and export of this valuable metal. Understanding the HS Code, duty rates, tariff preference programs, and other relevant information is crucial for businesses involved in the trade of rhenium.