Ferrotungsten and ferrosilicon tungsten fall under HS Code 72028000, which is used to classify these specific products in international trade. This code is important for customs authorities and traders to identify and categorize goods accurately.
Ferrotungsten is an alloy composed of iron and tungsten, while ferrosilicon tungsten is an alloy composed of iron, silicon, and tungsten. These alloys are widely used in various industries due to their unique properties and characteristics.
The Bound / MFN duty rate for HS Code 72028000 is 5.6%. Bound duty rate refers to the maximum tariff rate that a country can impose on imported goods. MFN (Most Favored Nation) duty rate indicates that every time 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.
The quantity unit for HS Code 72028000 is kilograms (KG). This unit is used to measure the weight or quantity of ferrotungsten and ferrosilicon tungsten being imported or exported.
There are special tariff preference programs available for HS Code 72028000. These programs offer preferential treatment or duty-free status for imports from specific countries. The countries eligible for these programs include:
When importing HS Code 72028000 into the United States, specific states are involved in these transactions. The states that import ferrotungsten and ferrosilicon tungsten include Rhode Island, Nevada, Illinois, Mississippi, Ohio, Louisiana, West Virginia, Delaware, and Alabama. These states play a significant role in the trade of these alloys.
On the other hand, Nevada is the primary exporting state for HS Code 72028000. This means that ferrotungsten and ferrosilicon tungsten produced in Nevada are being exported to other countries, contributing to international trade.
HS Code 72028000 represents ferrotungsten and ferrosilicon tungsten in international trade. These alloys have various applications and are subject to specific duty rates and preferential treatment. Understanding this HS code is essential for traders, customs authorities, and other stakeholders involved in the import and export of ferrotungsten and ferrosilicon tungsten.