Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 73158910: Iron or Steel Chains with Round Links, Not Over 8mm in Diameter

When it comes to international trade, the Harmonized System (HS) codes play a crucial role in identifying and categorizing different products. One such code is HS Code 73158910, which refers to iron or steel chains with links of essentially round cross section, not exceeding 8mm in diameter. In this article, we will explore the details of this HS code, including its description, duty rates, quantity unit, and special tariff preference programs.

Product Description

The product covered by HS Code 73158910 is iron or steel chains. These chains have links that are essentially round in cross section and do not exceed 8mm in diameter. Chains are widely used in various industries, including construction, transportation, and agriculture. They serve multiple purposes, such as securing objects, lifting heavy loads, and even decorative applications.

Duty Rates

Under the MFN (Most Favored Nation) principle, countries are obliged to treat all their trading partners equally. The bound duty rate for HS Code 73158910 is 1.5%. This means 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. The duty rate is applied to the value of the imported iron or steel chains.

Quantity Unit

The quantity unit for HS Code 73158910 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported iron or steel chains. It ensures consistency and accuracy in international trade transactions.

Special Tariff Preference Programs

Several special tariff preference programs apply to HS Code 73158910. These programs offer preferential treatment in terms of duty rates for specific trading partners. Here are some of the programs applicable to this HS code:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible products.
• Australia Special Rate: Duty-free treatment under the Automotive Products Trade Act (APTA).
• Bahrain Special Rate: Duty-free treatment for qualifying imports.
• NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate: Duty-free treatment for eligible imports from Chile.
• Caribbean Basin Initiative (CBI): Offers duty-free treatment for qualifying products from eligible Caribbean countries.
• Israel Special Rate: Duty-free treatment for eligible imports from Israel.
• Andean Trade Preference Act (ATPA): Provides duty-free treatment for qualifying products from Andean countries.
• Jordan Special Rate: Duty-free treatment for eligible imports from Jordan.
• Morocco Special Rate: Duty-free treatment for qualifying imports from Morocco.
• NAFTA for Mexico: Duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Duty-free treatment for qualifying imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment for eligible imports from the Dominican Republic and Central American countries.
• Peru Special Rate: Duty-free treatment for qualifying imports from Peru.
• Singapore Special Rate: Duty-free treatment for eligible imports from Singapore.

Importing and Exporting US States

HS Code 73158910 applies to both importing and exporting activities in the United States. Importing states refer to the states within the US where the iron or steel chains covered by this HS code are being brought in from foreign countries. Exporting states, on the other hand, are the states within the US from where these chains are being sent to other countries.

Understanding the HS code and its associated details is essential for businesses engaged in international trade. HS Code 73158910 specifically covers iron or steel chains with essentially round links, not exceeding 8mm in diameter. By knowing the duty rates, quantity unit, and special tariff preference programs applicable to this HS code, importers and exporters can make informed decisions and ensure compliance with trade regulations.