Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 74071050: Refined Copper Bars and Rods

The HS Code 74071050 refers to refined copper bars and rods. This code is used to classify and track this specific type of product in international trade. Understanding HS codes is crucial for importers, exporters, and customs officials as it helps in the accurate identification and classification of goods.

Refined copper bars and rods are widely used in various industries, including construction, electronics, and manufacturing. These products undergo a refining process to remove impurities, resulting in a high-quality material that is suitable for different applications.

Bound / MFN Duty Rate

The bound or most favored nation (MFN) duty rate for HS Code 74071050 is 1%. This means that when 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 1% duty rate applies to this product regardless of the country of origin.

Quantity Unit

The quantity unit for HS Code 74071050 is kilograms (KG). This unit of measurement is commonly used to quantify the weight of the refined copper bars and rods traded internationally. It allows for easy comparison and calculation of the quantity of goods involved in import and export transactions.

Special Tariff Preference Programs

Several special tariff preference programs provide duty-free treatment for the importation of refined copper bars and rods under HS Code 74071050. These programs aim to promote trade and economic cooperation between participating countries. The following countries and programs offer special rates for this product:

• Generalized System of Preferences (GSP): provides duty-free treatment
• Australia Special Rate
• Bahrain Special Rate
• NAFTA for Canada: duty-free treatment
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate: duty-free treatment
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

Importing US States

HS Code 74071050 is imported into the following US states:

• Arizona
• Connecticut
• Florida
• Georgia
• Louisiana
• New Jersey

Exporting US States

HS Code 74071050 is exported from the following US states:

• Utah
• Missouri
• Hawaii
• New Mexico
• New York
• Hawaii
• New Mexico
• New York

Understanding the HS Code 74071050 is essential for businesses involved in the international trade of refined copper bars and rods. It enables accurate classification, facilitates customs procedures, and ensures compliance with trade regulations. Additionally, being aware of the special tariff preference programs and the importing and exporting US states can help businesses make informed decisions and maximize their trade opportunities.