Copper-zinc base alloys, also known as brass, are an important material used in various industries. The HS Code 74032100 specifically refers to unwrought brass, which means it is in its raw form without any further processing or shaping. This article will provide an extensive insight into this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 74032100 is "Copper-zinc base alloys (brass), unwrought nesoi". Brass is an alloy made primarily of copper and zinc, with small amounts of other elements. It is known for its excellent strength, corrosion resistance, and aesthetic appeal. Unwrought brass refers to the material that has not been shaped or formed into specific products.
The bound or most-favored-nation (MFN) duty rate for HS Code 74032100 is 1%. This means that whenever a country reduces trade barriers or opens up its market, it must apply the same duty rate to all its trading partners for the same goods or services.
The quantity unit for HS Code 74032100 is kilograms (KG). This indicates that the measurement and pricing of brass under this HS code are based on weight in kilograms.
There are several special tariff preference programs applicable to the import of brass under HS Code 74032100. These programs provide certain countries with preferential treatment, including duty-free or reduced duty rates. The programs applicable to this HS code are as follows:
The following US states are known for importing brass under HS Code 74032100:
The following US states are known for exporting brass under HS Code 74032100:
HS Code 74032100 plays a significant role in international trade, facilitating the import and export of unwrought brass between countries. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for businesses and individuals involved in the brass industry.