Nickel alloy bars and rods, cold formed, fall under the HS Code 75051210. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS Code and provide additional information about the product it represents.
Product Description: Nickel alloy bars and rods, cold formed. This product refers to bars and rods made from a nickel alloy that have undergone a cold forming process. Cold forming involves shaping the metal at room temperature or below its recrystallization temperature, resulting in increased strength and hardness.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for this product is 3%. The MFN principle states 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. This means that the duty rate of 3% applies to all countries importing or exporting this product.
Quantity Unit: The quantity unit for this product is kilograms (KG). This means that the weight of the product is measured and calculated in kilograms.
Special Tariff Preference Programs: There are several special tariff preference programs available for this product. These programs provide specific benefits and exemptions from duties for certain countries. The following countries have free trade agreements or special rates for this product:
Importing US States: The states in the United States that import this product include Maryland and West Virginia. These states have a demand for nickel alloy bars and rods, cold formed.
Exporting US States: The states in the United States that export this product include North Carolina and Pennsylvania. These states have a production capacity for nickel alloy bars and rods, cold formed, and export them to various international markets.
HS Code 75051210 represents nickel alloy bars and rods, cold formed. This product is classified under this HS Code for international trade purposes. Understanding the details of this code, including the product description, duty rate, quantity unit, and special tariff preference programs, can help businesses navigate the complexities of international trade and ensure compliance with applicable regulations.