Lead is a versatile and important metal that is widely used in various industries. It possesses excellent properties such as high density, corrosion resistance, and malleability, making it suitable for a range of applications. This article will provide an in-depth look at HS Code 78060003, which refers to lead in the form of bars, rods, profiles, and wire.
Product Description:
HS Code 78060003 specifically covers lead in the form of bars, rods, profiles, and wire. These products are commonly used in industries such as construction, automotive, electronics, and plumbing. Lead bars and rods are often utilized for their weight and stability in various structural applications. Lead profiles find their use in shaping and molding applications, while lead wire is commonly used for electrical connections and soldering.
Bound / MFN Duty Rate:
The bound / MFN duty rate for HS Code 78060003 is 1.2%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 1.2% to lead bars, rods, profiles, and wire from all its trading partners. This promotes fair trade practices and ensures a level playing field for all countries involved.
Quantity Unit:
The quantity unit for HS Code 78060003 is kilograms (KG). This unit of measurement is commonly used in international trade to accurately quantify the weight of lead products being imported or exported.
Special Tariff Preference Programs:
There are several special tariff preference programs available for lead bars, rods, profiles, and wire under HS Code 78060003. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy duty-free treatment or special rates:
Importing US States:
HS Code 78060003 lead bars, rods, profiles, and wire are imported into the United States, with Maryland being one of the states involved in the importation process. Maryland serves as a hub for various industries that rely on lead for their manufacturing needs.
Exporting US States:
When it comes to exporting lead bars, rods, profiles, and wire under HS Code 78060003 from the United States, specific exporting states are not mentioned in the available data. However, the United States is a significant player in the global lead market and exports lead products to various countries worldwide.
HS Code 78060003 encompasses lead in the form of bars, rods, profiles, and wire. This versatile metal finds its use in numerous industries and applications. It is important to be aware of the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code to ensure fair trade practices and take advantage of any available benefits.