The Harmonized System (HS) Code 98170090 refers to specified unwrought metal and forms or articles of metal that are used for remanufacture or for the recovery of the metal content. This code is used to classify these products for international trade purposes. In this article, we will explore the details of this HS code and its implications for global trade.
The product description for HS Code 98170090 is "specified unwrought metal and forms or articles of metal for remanufacture or for recovery of the metal content." This code includes various types of metal products that are in a raw or semi-finished state and are intended to be further processed or recycled for their metal content.
Examples of products that fall under this HS code include scrap metal, metal waste, metal residues, and metal products that have reached the end of their life cycle and are being recycled. These products can be made of various metals, such as iron, steel, aluminum, copper, and other non-ferrous metals.
The bound or Most Favored Nation (MFN) duty rate for HS Code 98170090 is free. This means that countries are not required to impose any import duties or tariffs on products classified under this HS code. The MFN principle states that when 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.
This duty exemption encourages the free flow of specified unwrought metal and forms or articles of metal for remanufacture or for recovery of the metal content across international borders. It helps to facilitate global recycling efforts and promotes sustainable resource management.
The quantity unit for products classified under HS Code 98170090 is not available (NA). This means that there is no specific unit of measurement assigned to these products. The quantity of specified unwrought metal and forms or articles of metal may vary depending on the type of metal and the specific product being traded.
There are various special tariff preference programs that may apply to imports or exports of products classified under HS Code 98170090. These programs provide preferential treatment in terms of duty rates or other trade benefits to eligible countries or regions.
One example of a special tariff preference program is the Generalized System of Preferences (GSP), which allows certain developing countries to export specified products to developed countries at reduced or zero duty rates. However, the availability and conditions of these programs can vary between countries and are subject to specific trade agreements.
When it comes to importing products classified under HS Code 98170090 into the United States, one of the states involved in these trade activities is Utah. Utah serves as an entry point for specified unwrought metal and forms or articles of metal that are imported into the country.
As for exporting, the specific US states involved in exporting products under this HS code may vary. The exporting states would depend on the location of the facilities or companies engaged in the remanufacture or recovery of the metal content from these specified metal products.
HS Code 98170090 plays an essential role in classifying specified unwrought metal and forms or articles of metal for remanufacture or for recovery of the metal content. This code facilitates international trade by providing a standardized classification system and promoting duty-free trade for these products. It also encourages sustainable practices by supporting the recycling and recovery of valuable metals from various metal products.