Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 72043000: Tinned Iron or Steel Waste and Scrap

Tinned iron or steel waste and scrap falls under the HS Code 72043000. This code is used to classify and identify this particular type of product for international trade purposes. Understanding the HS Code is essential for importers, exporters, and customs officials to ensure accurate and efficient trade transactions.

The product description for HS Code 72043000 is tinned iron or steel waste and scrap. This includes any discarded or leftover materials made of iron or steel that have been coated with tin. These materials are considered waste or scrap and can be recycled or used for other purposes.

When it comes to trade barriers and market access, the bound or most favored nation (MFN) duty rate for HS Code 72043000 is free. This means 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. This encourages fair and equal trade among nations.

The quantity unit for HS Code 72043000 is measured in metric tons (T). This unit of measurement is commonly used in international trade to determine the quantity or weight of a product being imported or exported.

There are also special tariff preference programs available for imports of tinned iron or steel waste and scrap under HS Code 72043000. These programs provide certain countries with preferential treatment in terms of duty rates. For example:

• A+, AU, BH, CA, CL, D, E, IL, J, JO, MX, OM, P, PE, SG: These countries are eligible for duty-free treatment under specific conditions.
• MA (Morocco): This country has a special rate of 2.2% for imports of tinned iron or steel waste and scrap.

When it comes to importing this product into the United States, the following states have reported importing tinned iron or steel waste and scrap under HS Code 72043000:

• Rhode Island
• Nevada
• Illinois
• Mississippi
• Ohio
• Louisiana
• West Virginia
• Delaware
• Alabama
• Maryland

On the other hand, the state of Nevada has reported exporting tinned iron or steel waste and scrap under HS Code 72043000.

Understanding the HS Code 72043000 and its associated information is crucial for those involved in international trade. It helps ensure proper classification, accurate documentation, and adherence to applicable duty rates and tariff preference programs. Importers, exporters, and customs officials must stay updated on any changes or updates to the HS Code and its associated regulations.