HS 720429 Other
Quick Answer: Ferrous waste and scrap, not otherwise specified, imported under HS 720429 enters the UK duty-free, the EU duty-free, and the US at 74¢/t under the MFN rate. This residual classification applies to ferrous waste and scrap that does not fit into more specific categories within Chapter 72, such as those containing specific alloys or forms. Importers and customs brokers should carefully review the detailed product descriptions for other subheadings within 7204 to ensure correct classification, as misclassification can lead to incorrect duty assessments. CustomTariffs aggregates this data, highlighting the importance of precise HS code selection for compliance.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7204290000 | 0.00 % | — | — |
| 7204290010 | 0.00 % | — | — |
| 7204290090 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7204290010 | 0.00 % | — | — |
| 7204290000 | 0.00 % | — | — |
| 7204290090 | 0.00 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7204290000 | Free | — | ["t"] |
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.
How Has Trade Volume Developed?
Trade Volume 2023
How to Classify This HS Code?
What products does HS 720429 cover?
This subheading covers other waste and scrap of alloy steel, not otherwise specified under heading 7204. According to the World Customs Organization's Harmonized System Nomenclature, this category is for ferrous waste and scrap that does not fit into the more specific subheadings for stainless steel or alloy steel containing specific percentages of alloying elements. For example, the USITC Harmonized Tariff Schedule (HTS) defines this as "Other" waste and scrap of alloy steel, implying it captures materials not explicitly detailed in 7204.29.10 or 7204.29.20.
What falls outside HS 720429?
The following products are excluded from HS 720429: waste and scrap of stainless steel (HS 7204.21), and waste and scrap of alloy steel specifically defined by their chromium or molybdenum content (HS 7204.29.10 and 7204.29.20 in some tariff schedules). Also excluded are non-ferrous metal scrap, such as aluminum or copper scrap, which are classified under Chapter 76 and Chapter 74 respectively. Furthermore, finished or semi-finished steel products, even if considered scrap by industry, are typically classified under their respective headings in Chapter 72.
What are common classification mistakes for HS 720429?
A common error is misinterpreting the "other" designation, leading to the incorrect classification of stainless steel scrap or alloy steel scrap with specific alloying elements that should fall under more precise subheadings. For instance, confusion can arise if the exact chemical composition of the alloy steel is not determined, preventing differentiation from stainless steel or other alloy categories. Following General Interpretative Rule 1 and 3(c) is crucial, which mandates classification based on the most specific description or the material that gives the item its essential character.
How should importers classify products under HS 720429?
The correct procedure for classifying products under HS 720429 involves a thorough examination of the material's chemical composition, specifically its alloying elements. Importers and customs brokers must consult the detailed notes and subheadings within HS Chapter 72, paying close attention to the definitions for stainless steel and various types of alloy steel. If the waste or scrap does not meet the criteria for stainless steel or other specifically defined alloy steel categories, and is indeed ferrous waste and scrap, then HS 720429 is the appropriate classification.
How is the duty calculated for products under HS 720429?
A shipment of miscellaneous alloy steel scrap weighing 10,000 kilograms and declared at a customs value of $3,000 USD would attract a US duty of $0.00. This is because the US Harmonized Tariff Schedule (HTS) lists a Most Favored Nation (MFN) duty rate of Free (0%) for HS code 7204.29.0000. Therefore, the duty calculation is 0% × $3,000 USD = $0.00 USD. This reflects the general duty-free treatment for many types of steel scrap in the United States.
Which trade agreements reduce duties for HS 720429?
Several free trade agreements may reduce the applicable duty rate for HS 720429, including the United States-Mexico-Canada Agreement (USMCA), which can result in a Free duty rate for qualifying goods originating from Canada or Mexico. Additionally, the Generalized System of Preferences (GSP) may offer duty-free entry for eligible goods from certain developing countries, such as Vietnam. To claim these preferences, a self-certified origin statement for USMCA or a GSP Form A for GSP beneficiaries is typically required, 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 7204.29 (Ferrous waste and scrap, tinned waste and scrap)?
For HS code 7204.29, which covers 'Other' ferrous waste and scrap (excluding stainless steel and alloy steel waste and scrap), the Most Favored Nation (MFN) duty rate in the United States is 0.00%. Many preferential trade agreements also offer duty-free entry. For example, under the US-Korea Free Trade Agreement (KORUS FTA), qualifying goods are typically admitted duty-free. Always verify the specific origin and applicable trade agreement for the most accurate duty assessment.
How is the duty calculated for HS code 7204.29 if a specific duty rate applies?
While the MFN rate for 7204.29 is often 0.00%, some specific duties or fees might apply depending on the importing country or specific circumstances. For instance, if a hypothetical specific duty of $74 per metric ton (t) were applied, and an importer brought in 100 metric tons of qualifying ferrous scrap, the calculation would be: 100 metric tons * $74/metric ton = $7,400. It is crucial to consult the specific tariff schedule of the importing country for any applicable duties or fees, which can be a combination of ad valorem (percentage of value) and specific (per unit) duties.
What documentation is typically required for importing goods classified under HS code 7204.29?
When importing ferrous waste and scrap under HS code 7204.29, standard documentation includes a commercial invoice, packing list, and bill of lading or air waybill. Additionally, depending on the importing country's regulations and the nature of the goods, a certificate of origin may be required to claim preferential duty rates under trade agreements. Some jurisdictions may also require specific environmental declarations or permits to ensure compliance with waste import regulations. Importers should consult the customs authority of the destination country for a comprehensive list of required documents.
What are the classification criteria to ensure goods are correctly classified under HS code 7204.29?
HS code 7204.29 falls under 'Ferrous waste and scrap; slag, dross and skimmings, of iron or steel'. Specifically, it covers 'Other' waste and scrap of iron or steel, excluding stainless steel (7204.10) and alloy steel (7204.21). To be classified here, the material must be waste or scrap, primarily composed of iron or steel, and not meeting the criteria for stainless or alloy steel scrap. The material should be in a form suitable for remelting and reprocessing. Verification often involves chemical analysis to confirm the alloy content and physical inspection to confirm its status as waste or scrap.
Which major trade agreements might offer preferential duty rates for HS code 7204.29 into the United States?
The United States has numerous Free Trade Agreements (FTAs) that could provide preferential duty rates for goods classified under HS code 7204.29. Key agreements include the US-Mexico-Canada Agreement (USMCA), the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR), and the Korea-United States Free Trade Agreement (KORUS FTA). For goods to qualify for preferential treatment under these agreements, they must meet the rules of origin specific to each FTA, which often involves a certain percentage of regional value content or specific manufacturing processes occurring within the FTA partner countries. Always consult the relevant FTA text and USITC resources to confirm eligibility.