HS 720441 Other waste and scrap

Import duty rates for HS code 720441, 'Other waste and scrap of iron or steel', are often very low or duty-free for many trading partners. For example, under the United States Harmonized Tariff Schedule (USHTS), the Most Favored Nation (MFN) rate is Free. However, specific rates can vary significantly based on the country of origin and any applicable trade agreements. It is crucial to consult the relevant tariff schedule for the importing country, such as the USITC Harmonized Tariff Schedule, the EU TARIC database, or the UK Trade Tariff, to determine the precise duty rate applicable to your shipment.

While many duties for HS 720441 are ad valorem (a percentage of the value), some specific rates might be based on weight (e.g., per metric ton, or 't'). For instance, if a country applies a specific duty of 74¢/t (74 cents per metric ton) and you import 10 metric tons of scrap steel, the calculation would be: 10 metric tons * $0.74/metric ton = $7.40 in duties. Always verify the exact unit of measure and rate from the official tariff schedule.

When importing goods under HS code 720441, standard import documentation is usually required. This includes a commercial invoice, packing list, and bill of lading or air waybill. Depending on the importing country's regulations and the origin of the goods, you may also need a certificate of origin to claim preferential duty rates under trade agreements. Some jurisdictions may require specific declarations or permits related to waste and scrap materials to ensure compliance with environmental regulations. Consult the customs authority of the importing country for a comprehensive list.

Trade agreements can significantly impact duty rates for HS code 720441. For example, shipments originating from countries that are part of the European Union's free trade agreements may benefit from reduced or zero duties when imported into the EU. Similarly, goods from countries with trade agreements with the United States, such as those under the USMCA (United States-Mexico-Canada Agreement), might qualify for preferential treatment. Importers should always check if their goods meet the rules of origin stipulated in relevant trade agreements to benefit from these lower rates. Referencing the WCO Harmonized System Nomenclature and specific country tariff schedules is essential.

HS code 720441 covers 'Other waste and scrap' of iron or steel that does not fall under more specific subheadings within 7204. Generally, these are materials that are unusable in their current form and are intended for reprocessing into new metal products. This typically includes items like turnings, shavings, clippings, and other manufacturing residues of iron or steel. The key is that the material is considered 'waste' or 'scrap' and is destined for remelting or reprocessing. It's important to distinguish these from usable metal products or finished goods. Consult the Explanatory Notes to the Harmonized System for detailed classification guidance.