Nickel, stranded wire falls under the HS code 75089010. This code is used to classify and identify this specific type of product for international trade purposes. It is important to understand the HS code system as it helps in the smooth facilitation of trade and ensures consistency in the classification of goods across different countries.
The product description for HS code 75089010 is "Nickel, stranded wire." This refers to wire made from nickel that is stranded or twisted together for various applications. Nickel is a versatile metal that is known for its corrosion resistance, high electrical conductivity, and heat resistance, making it suitable for a wide range of industries.
When it comes to trade, it is essential to consider the bound or Most Favored Nation (MFN) duty rate associated with HS code 75089010. The MFN duty rate for this product is set at 3%, which means that every country must apply this duty rate when importing or exporting nickel, stranded wire. The purpose of MFN duty rates is to ensure equal treatment for all trading partners and prevent discriminatory trade practices.
The quantity unit for HS code 75089010 is kilograms (KG). This specifies that the weight of the product should be measured and reported in kilograms when trading internationally. It is important to accurately measure and document the weight to determine the value and cost of the goods being traded.
There are also special tariff preference programs available for nickel, stranded wire under HS code 75089010. These programs provide certain countries with preferential treatment or duty-free access to this product. Some of these programs include:
When importing nickel, stranded wire under HS code 75089010 into the United States, the following states are commonly involved:
These states are often the destinations for the imported product. On the other hand, the following states are frequently involved in exporting nickel, stranded wire:
Understanding the HS code system and the specific details related to a particular code, such as HS code 75089010, is crucial for importers, exporters, and customs officials. It ensures proper classification, accurate documentation, and adherence to applicable duty rates and trade agreements.