HS Code 81021000: Molybdenum Powders
Molybdenum powders fall under the HS Code 81021000. 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 its relevance in global trade.
Product Description:
Molybdenum powders are finely divided particles of molybdenum metal. They are widely used in various industries due to their unique properties. Molybdenum powders are known for their high melting point, excellent thermal and electrical conductivity, and resistance to corrosion. These properties make them valuable in applications such as metal alloys, catalysts, lubricants, and electronic components.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for molybdenum powders is 9.1 cents per kilogram (KG) on the molybdenum content. This means that importers are required to pay this duty rate when bringing molybdenum powders into a country. Additionally, a 1.2% duty is added every time a country lowers a trade barrier or opens up a market. This provision ensures equal treatment for all trading partners.
Quantity Unit:
The quantity unit for molybdenum powders is kilograms (KG). This unit is used to measure the weight of the imported or exported molybdenum powders.
Special Tariff Preference Programs:
Molybdenum powders under HS Code 81021000 are eligible for various special tariff preference programs. These programs provide specific benefits or exemptions from duties for certain countries. The following programs apply to molybdenum powders:
- Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
- Australia Special Rate: Molybdenum powders imported from Australia enjoy a special rate.
- Bahrain Special Rate: Molybdenum powders imported from Bahrain have a special rate.
- NAFTA for Canada: Molybdenum powders imported from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
- Chile Special Rate: Molybdenum powders imported from Chile enjoy a special rate.
- Africa Growth and Opportunity Act (AGOA): Molybdenum powders imported from eligible African countries receive duty-free treatment under AGOA.
- Caribbean Basin Initiative (CBI): Molybdenum powders imported from eligible Caribbean countries receive duty-free treatment under CBI.
- Israel Special Rate: Molybdenum powders imported from Israel have a special rate.
- Andean Trade Preference Act (ATPA): Molybdenum powders imported from eligible Andean countries receive duty-free treatment under ATPA.
- Jordan Special Rate: Molybdenum powders imported from Jordan have a special rate.
- Morocco Special Rate: Molybdenum powders imported from Morocco have a special rate.
- NAFTA for Mexico: Molybdenum powders imported from Mexico under NAFTA receive duty-free treatment.
- Oman Special Rate: Molybdenum powders imported from Oman have a special rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Molybdenum powders imported from eligible DR-CAFTA countries enjoy a special rate.
- Peru Special Rate: Molybdenum powders imported from Peru have a special rate.
- Singapore Special Rate: Molybdenum powders imported from Singapore have a special rate.
Importing US States and Exporting US States:
The importing and exporting of molybdenum powders under HS Code 81021000 can occur between various US states. The specific states involved in these transactions may vary depending on market demand, availability, and other factors. Some notable US states that are active in the import and export of molybdenum powders include California, Texas, New York, Illinois, and Pennsylvania.
HS Code 81021000 represents molybdenum powders, which are widely used in different industries due to their unique properties. Importers and exporters need to be aware of the bound duty rate, special tariff preference programs, and the quantity unit associated with this HS code. Understanding these details can help businesses make informed decisions when trading molybdenum powders internationally.
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