HS 720292 Ferro-vanadium
Quick Answer: Ferro-vanadium imported under HS 720292 enters the UK at 0.00%, the EU at 2.70% ad valorem, and the US at 4.2% ad valorem under the MFN rate, with preferential rates available for certain trading partners. This HS code covers ferro-vanadium, which is an alloy of iron and vanadium used primarily in the steel industry to improve strength and hardness. Importers should be aware of potential anti-dumping or countervailing duties that may apply in certain jurisdictions, which can significantly alter the landed cost. CustomTariffs aggregates this data to assist trade professionals.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7202920000 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7202920000 | 2.70 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7202920000 | 4.2% | Free (16 programs) | ["kg","V kg"] |
Special rates available under trade agreements including USMCA, KORUS, GSP.
Duty rates sourced from the USITC (US International Trade Commission) Harmonized Tariff Schedule (HTS) (accessed 2/22/2026), EU TARIC – DG TAXUD (Directorate-General for Taxation and Customs Union) (accessed 2/22/2026), and UK Trade Tariff – HMRC (His Majesty's Revenue and Customs) (accessed 2/22/2026).
Data compiled and presented by HSRates.
Which Trade Agreements Reduce Duties for HS 7202.92?
Imports of Ferro-vanadium may qualify for reduced or zero duty rates under free trade agreements and preferential programs. The overview below shows available preferential arrangements by jurisdiction, compiled by HSRates from official tariff and trade agreement data.
United States (HTSUS)
Free for USMCA, KORUS, and 14 other programs
European Union (TARIC)
Preferential rate data not yet available.
United Kingdom
Preferential rate data not yet available.
Preferential rates require proof of origin and may be subject to quotas or conditions. Always verify eligibility with a licensed customs broker.
Data compiled by HSRates.
Which Preferential Rates Apply to Your Origin Country?
Select an origin country to see if preferential rates apply.
Preferential rates based on available trade agreements. Actual rates may vary.
How Has Trade Volume Developed?
Trade Volume 2023
How to Classify This HS Code?
What products does HS 720292 cover?
This subheading covers ferro-vanadium, a master alloy of iron and vanadium. According to the World Customs Organization's Harmonized System Nomenclature, it falls under Heading 7202, which pertains to ferro-alloys. The US International Trade Commission (USITC) Harmonized Tariff Schedule (HTS) and the EU's TARIC database confirm that ferro-vanadium, typically containing 35% to 50% vanadium by weight, is classified here, used primarily as an additive in steel production to enhance strength and hardness.
What falls outside HS 720292?
The following products are excluded from HS 720292: pure vanadium metal, vanadium compounds not in alloy form with iron (such as vanadium pentoxide, classified under Chapter 28), and other ferro-alloys not containing vanadium as a principal component. For instance, ferro-silicon or ferro-manganese, even if used in conjunction with ferro-vanadium, would be classified under their respective subheadings within Heading 7202. Master alloys of vanadium with other metals besides iron are also excluded.
What are common classification mistakes for HS 720292?
A common error is misclassifying ferro-vanadium based on its vanadium content alone without confirming it is an alloy with iron. General Rule of Interpretation (GRI) 1, which states that classification shall be determined according to the terms of the headings and any relative section or chapter notes, is paramount. Importers may also mistakenly classify it as a pure metal or a chemical compound if the product is not clearly identified as a ferro-alloy, leading to incorrect duty rates and potential penalties.
How should importers classify products under HS 720292?
The correct procedure for classifying ferro-vanadium involves consulting the official tariff schedule of the importing country, such as the USITC HTS or the EU TARIC. Importers and customs brokers must examine the product's composition, specifically verifying it is an alloy of iron and vanadium, and confirm the vanadium content falls within the typical range for this classification. Reviewing the product's technical specifications and Safety Data Sheet (SDS) is crucial for accurate identification.
How is the duty calculated for products under HS 720292?
A shipment of 10,000 kilograms of ferro-vanadium, declared at a customs value of $50,000 USD, would attract a US duty of $2,500. This is calculated using the Most Favored Nation (MFN) duty rate of 5.0% ad valorem, applied to the declared customs value ($50,000 USD × 0.05 = $2,500). This calculation is based on the MFN rate published in the USITC Harmonized Tariff Schedule for HTS code 7202.92.0000.
Which trade agreements reduce duties for HS 720292?
Several free trade agreements may reduce the applicable duty rate for HS 720292. For goods originating from Canada or Mexico, the United States-Mexico-Canada Agreement (USMCA) can provide duty-free entry. For goods originating from certain developing countries, the Generalized System of Preferences (GSP) may offer a preferential rate, often 0% or a reduced rate. To claim these preferences, importers typically require a Certificate of Origin or a self-certified origin statement, depending on the specific agreement and jurisdiction.
```Which HS Codes Are Related?
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FAQ
What are the typical import duty rates for HS code 720292 (Ferro-vanadium)?
The Most Favored Nation (MFN) duty rate for ferro-vanadium (HS 720292) is typically 2.70% ad valorem. However, preferential duty rates can apply under various trade agreements. For example, imports from countries like Australia (AU), Chile (CL), South Korea (KR), and Singapore (SG) may be eligible for duty-free entry (0.00%). It is crucial to consult the specific tariff schedule of the importing country and verify eligibility based on the origin of the goods and any applicable trade agreements.
How is ferro-vanadium classified under HS code 720292?
HS code 720292 specifically covers ferro-vanadium. This classification applies to alloys of iron and vanadium, typically containing 35% or more by weight of vanadium, calculated on the vanadium content. The material is generally produced by smelting vanadium-bearing materials with iron. Importers must ensure that the product meets these compositional criteria to be correctly classified. Referencing the Explanatory Notes to the Harmonized System (WCO) can provide further clarification on classification criteria.
What documentation is typically required for importing ferro-vanadium (HS 720292)?
Standard import documentation for HS 720292 includes a commercial invoice, packing list, and bill of lading or air waybill. Crucially, importers must provide a certificate of origin to claim preferential duty rates under trade agreements. Depending on the importing country's regulations, a laboratory analysis certificate confirming the vanadium content and composition may also be required to verify compliance with the definition of ferro-vanadium. Customs brokers should be consulted for country-specific requirements.
Which trade agreements commonly offer preferential duty rates for ferro-vanadium?
Several trade agreements can offer preferential duty rates for ferro-vanadium. For instance, the United States has agreements with countries like Australia (AU), Chile (CL), South Korea (KR), and Singapore (SG) that may provide duty-free access. The European Union's TARIC system details preferential rates for goods originating from countries with which the EU has trade agreements. Similarly, the UK Trade Tariff outlines preferential rates for goods from partner countries. Importers should always verify the specific preferential rates and eligibility criteria applicable to their country of origin and destination.
Can you provide an example of how import duty for ferro-vanadium is calculated?
Certainly. Let's assume ferro-vanadium is imported into the United States, and the applicable MFN duty rate is 2.70% ad valorem. If an importer declares a shipment of 10,000 kilograms of ferro-vanadium with a declared value of $50,000 USD, the duty calculation would be as follows: The ad valorem duty is 2.70% of the declared value. Duty Amount = 2.70% × $50,000 USD = $1,350 USD. In this scenario, the total import duty would be $1,350 USD. If a specific duty rate (e.g., per kilogram) were applicable, the calculation would be based on that rate multiplied by the net weight.