HS Code 73181520: Iron or Steel Bolts and Bolts & Their Nuts or Washers

Iron or steel bolts and bolts & their nuts or washers fall under HS Code 73181520. This article will provide an in-depth look at the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.

Product Description

The HS Code 73181520 refers to iron or steel bolts and bolts & their nuts or washers. These products are imported in the same shipment. Bolts are mechanical fasteners used to join two or more objects together. They consist of a threaded shaft and a head, which can be tightened using a wrench or a socket. Bolts are commonly used in construction, automotive, and industrial applications.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 73181520 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. Importing iron or steel bolts and their nuts or washers does not incur any duty charges.

Quantity Unit

The quantity unit for HS Code 73181520 is kilograms (KG). This unit of measurement is used to determine the weight of the imported iron or steel bolts and their accompanying nuts or washers.

Special Tariff Preference Programs

There are several special tariff preference programs applicable to HS Code 73181520. These programs provide different duty rates based on specific conditions and trade agreements. The following are the special tariff preference programs for this HS Code:

Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
Australia Special Rate: Automotive Products Trade Act (APTA) provides duty-free treatment for imports from Australia.
Bahrain Special Rate: Imports from Bahrain receive duty-free treatment.
NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
Chile Special Rate: Imports from Chile receive duty-free treatment.
Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment.
Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment.
Israel Special Rate: Imports from Israel receive duty-free treatment.
Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment.
Jordan Special Rate: Imports from Jordan receive duty-free treatment.
NAFTA for Mexico: Imports from Mexico receive duty-free treatment under NAFTA.
Oman Special Rate: Imports from Oman receive duty-free treatment.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible DR-CAFTA countries receive duty-free treatment.
Peru Special Rate: Imports from Peru receive duty-free treatment.
Singapore Special Rate: Imports from Singapore receive a duty rate of 3.8%.
Morocco Special Rate: Imports from Morocco receive a duty rate of 3.8%.

These special tariff preference programs aim to promote trade and economic development between countries by reducing or eliminating import duties on specific products.

Importing US States

HS Code 73181520 is imported into various US states. One of the notable states importing iron or steel bolts and their nuts or washers is Michigan. Michigan is known for its manufacturing industry and requires these products for construction, automotive, and other industrial applications.

Exporting US States

While the data provided does not specify the exporting US states for HS Code 73181520, it is important to note that these products might be produced domestically or imported from various countries. The exporting US states can vary depending on the source of the iron or steel bolts and their accompanying nuts or washers.

HS Code 73181520 represents iron or steel bolts and bolts & their nuts or washers. These products are widely used in construction, automotive, and industrial applications. They are imported under various special tariff preference programs, with duty rates ranging from free to 3.8%. Importing US states, such as Michigan, require these products for their manufacturing industries. By understanding the HS code and its associated details, importers and exporters can navigate international trade regulations effectively.