The HS Code 73170055 refers to a specific category of products in international trade. It is used to classify iron or steel nails, tacks, corrugated nails, staples, and similar articles that are made of one piece construction and are made of round wire. These products are not elsewhere specified or included (NESOI).
When importing or exporting goods, it is important to be aware of the HS code as it helps in identifying and classifying the products for customs and trade purposes. The HS code is an internationally recognized system for classifying goods and is used by customs authorities around the world.
The product description provided for HS Code 73170055 specifies that the goods are made of iron or steel and are in the form of nails, tacks, corrugated nails, staples, or similar articles. These products are made of one piece construction and are made of round wire.
The quantity unit for this HS code is kilograms (KG), which means that the weight of the goods is measured in kilograms for trade and customs purposes.
In terms of tariff rates, the bound or most-favored-nation (MFN) duty rate for HS Code 73170055 is free. This means that there are no additional duties or taxes imposed on these goods when they are imported or exported. The free duty rate applies every time a country lowers a trade barrier or opens up a market, and it must apply to the same goods or services from all its trading partners.
Additionally, there are special tariff preference programs available for this HS code. Certain countries, such as Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others, offer special rates or duty-free treatment for these goods under specific trade agreements or preference programs.
Importing and exporting of goods under HS Code 73170055 can take place between various US states and also between the US and other countries. The specific states or countries involved in the import or export process may vary depending on the trading partners involved.
HS Code 73170055 represents a specific category of iron or steel products such as nails, tacks, corrugated nails, staples, and similar articles. Understanding and correctly classifying products under this HS code is essential for international trade and customs purposes. Importers and exporters should be aware of the tariff rates and any special tariff preference programs that may apply to these goods when conducting trade.