In international trade, the Harmonized System (HS) is a standardized system for classifying and identifying traded goods. Each product is assigned a unique HS code, which is used by customs authorities to determine the applicable duties and regulations for that specific item. In this article, we will explore the HS code 81129990, which covers articles made of gallium, hafnium, indium, niobium, or rhenium.
The product description associated with HS code 81129990 is "Articles of gallium, hafnium, indium, niobium or rhenium, nesoi." This means that the code includes various articles or products made from these specific materials, not otherwise specified elsewhere in the HS system.
When importing goods classified under HS code 81129990, a 4% bound or Most Favored Nation (MFN) duty rate applies. The MFN principle states that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment among trading nations.
The unit of quantity for goods classified under HS code 81129990 is kilograms (KG). This means that the quantity of these articles is measured in kilograms, which is a standard unit of weight used in international trade.
There are several special tariff preference programs available for goods classified under HS code 81129990. These programs provide preferential treatment, such as duty-free or reduced-duty rates, for specific countries or regions. The following countries or regions enjoy special tariff preferences for these goods:
These special tariff preference programs aim to promote trade and economic cooperation between the countries or regions involved. By providing preferential treatment, they encourage the import and export of goods, fostering international relations and economic growth.
When it comes to importing goods classified under HS code 81129990, various US states engage in trade. The specific states involved in importing these articles may vary depending on market demand, availability, and other factors. Similarly, the exporting US states may also vary, as they are determined by the production and supply capabilities of each state.
HS code 81129990 covers articles made of gallium, hafnium, indium, niobium, or rhenium, not otherwise specified elsewhere in the HS system. It is important to understand the applicable duties, unit of quantity, and special tariff preference programs associated with this code when engaging in international trade. By complying with these regulations, importers and exporters can ensure smooth customs clearance and take advantage of the benefits provided by special tariff preference programs.