Tungsten carbide is a highly versatile and durable material that is widely used in various industries. It falls under HS Code 28499030, which specifically classifies tungsten carbide products. In this article, we will explore the properties, applications, and import/export details of tungsten carbide.
Tungsten carbide is a compound made up of tungsten and carbon atoms. It is known for its exceptional hardness, wear resistance, and high melting point. Tungsten carbide is commonly used as a cutting tool material, due to its ability to withstand high temperatures and maintain its sharpness for extended periods.
The bound / MFN duty rate for HS Code 28499030 is 5.5%. This means that when a country lowers a trade barrier or opens up its market, it must do so for all its trading partners for the same goods or services. The 5.5% duty rate applies to all imports of tungsten carbide products.
The quantity unit for tungsten carbide products is kilograms (KG). This unit is used to measure the weight of the imported or exported goods. It helps determine the quantity and value of the products being traded.
Tungsten carbide imports may be eligible for special tariff preference programs, which provide preferential treatment or duty-free access to certain countries. The following special tariff preference programs apply to HS Code 28499030:
These special rates and programs aim to promote trade and economic development between countries. Importers and exporters should carefully review the eligibility criteria and requirements for each program to take advantage of the benefits offered.
Tungsten carbide products are imported and exported by various US states. The specific states involved in the import and export of HS Code 28499030 may vary depending on market demand and industrial activities. Some of the major importing and exporting US states for tungsten carbide include:
These states are known for their manufacturing and industrial sectors, where tungsten carbide finds extensive applications.
Tungsten carbide, classified under HS Code 28499030, is a valuable material with a wide range of applications. Its exceptional hardness, wear resistance, and high melting point make it suitable for various industries, including cutting tools, mining equipment, and wear-resistant parts. Importers and exporters should be aware of the bound duty rate, quantity unit, and special tariff preference programs applicable to tungsten carbide products. By understanding these details, businesses can navigate the international trade landscape more effectively and take advantage of the benefits provided by preferential trade programs.