The HS Code 74072170 refers to copper-zinc base alloys, specifically brass bars and rods with a rectangular cross-section. This code is used to classify and identify these specific products in international trade. Understanding the HS code is important for importers, exporters, and customs officials as it helps in categorizing and regulating the flow of goods across borders.
When it comes to trade between countries, it is essential to have a standardized system in place to ensure fairness and transparency. The HS code serves as a universal language that facilitates trade by providing a common classification for goods.
The bound or Most Favored Nation (MFN) duty rate for HS Code 74072170 is 1.9%. 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. The MFN principle ensures that countries treat all their trading partners equally, without granting preferential treatment to any specific country.
The quantity unit for this HS code is kilograms (KG). This unit of measurement helps in determining the weight of the brass bars and rods being imported or exported.
There are also special tariff preference programs associated with HS Code 74072170. These programs provide certain countries with preferential treatment in terms of duty-free or reduced-duty access to the US market. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating import duties on specific goods.
When it comes to importing HS Code 74072170 into the United States, the following states are prominent importers:
These states have a significant demand for copper-zinc base alloys in the form of brass bars and rods with a rectangular cross-section.
On the other hand, the following states are notable exporters of HS Code 74072170:
These states have a strong manufacturing base or access to raw materials, making them capable of producing and exporting brass bars and rods.
HS Code 74072170 represents copper-zinc base alloys in the form of brass bars and rods with a rectangular cross-section. This code helps in classifying and regulating the international trade of these specific products. Understanding the HS code, its associated duty rates, and special tariff preference programs is essential for importers, exporters, and customs officials. It ensures fair trade practices and facilitates the smooth flow of goods across borders.