When it comes to international trade, it is essential to have a standardized system for classifying products. This is where the Harmonized System (HS) code comes into play. The HS code 73218150 refers to iron or steel, nonportable non-electric domestic grates and warming appliances (other than cooking or plate warmers) designed for gas fuel or both gas and other fuels.
These grates and warming appliances are commonly used in households to provide warmth and create a cozy atmosphere. They are specifically designed for use with gas fuel or a combination of gas and other fuels. The HS code ensures that these products are categorized and identified universally, making it easier for countries to regulate and trade them.
One of the important aspects of the HS code is the duty rate associated with the product. The bound or Most Favored Nation (MFN) duty rate for HS code 73218150 is free. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade.
The quantity unit for HS code 73218150 is measured in numbers (NO). This unit represents the number of grates and warming appliances being imported or exported.
There are also special tariff preference programs associated with HS code 73218150. These programs provide additional benefits or exemptions for certain countries. For this particular HS code, the following countries enjoy special tariff rates or duty-free treatment:
These special tariff preference programs aim to promote economic cooperation and trade between countries, offering reduced or eliminated duties for qualifying products.
Whether you are importing or exporting grates and warming appliances falling under HS code 73218150, it is important to be aware of the associated duty rates and any special tariff preference programs that may apply. Understanding the HS code system helps facilitate smooth and efficient international trade.