When it comes to international trade, it is essential to have a standardized system to classify and identify products. The Harmonized System (HS) Code is an internationally recognized classification system that helps in the smooth flow of goods across borders. In this article, we will explore the HS Code 74153380, which relates to screws, bolts, and nuts of copper.
The HS Code 74153380 refers to screws (other than wood screws), bolts (other than Muntz or yellow metal), and nuts made of copper. These products are specifically threaded and fall under the category of "not elsewhere specified or included" (nesoi). Copper screws, bolts, and nuts are widely used in various industries and applications due to the unique properties of copper.
The bound or most-favored-nation (MFN) duty rate for HS Code 74153380 is 3%. This means that when a country reduces trade barriers or opens up its market, it must apply the same duty rate of 3% to these copper screws, bolts, and nuts from all its trading partners. The MFN principle ensures non-discriminatory treatment among trading partners.
The quantity unit for HS Code 74153380 is kilograms (KG). This unit of measurement is used to determine the weight of copper screws, bolts, and nuts imported or exported under this HS Code. It allows for accurate calculation and documentation of the quantity of goods involved in trade transactions.
Under HS Code 74153380, there are several special tariff preference programs applicable to copper screws, bolts, and nuts. These programs offer preferential treatment, including duty-free access, to specific countries or regions. The following are some of the special tariff preference programs applicable to HS Code 74153380:
HS Code 74153380 applies to the import and export of copper screws, bolts, and nuts in the United States. The specific states involved in importing and exporting these products may vary depending on market demand and supply. Some of the major importing states for copper screws, bolts, and nuts under this HS Code include California (CA), Texas (TX), New York (NY), and Florida (FL). Similarly, the major exporting states for these products from the US include California (CA), Texas (TX), and Illinois (IL).
HS Code 74153380 covers screws, bolts, and nuts made of copper. It provides a standardized classification for these products, ensuring smooth international trade. Understanding the HS Code and its associated details, such as duty rates and special tariff preference programs, is crucial for importers, exporters, and policymakers involved in global trade.