HS 720719 Other

HS code 720719 covers 'Other' semi-finished products of iron or non-alloy steel, not further worked than hot-rolled or extruded. The Most Favored Nation (MFN) duty rate in the United States is 0.00%. However, importers should always verify current rates as they can change. Preferential rates may be available under trade agreements. For instance, goods originating from countries with a Free Trade Agreement (FTA) with the US may qualify for duty-free entry, provided all rules of origin are met. Consult the US International Trade Commission (USITC) Harmonized Tariff Schedule for the most up-to-date information and specific FTA provisions.

The duty for HS code 720719 is typically calculated on an ad valorem basis (a percentage of the value of the goods) or a specific duty basis (per unit of weight or measure), depending on the specific tariff provision. For the US MFN rate of 0.00%, the duty calculation results in $0.00. However, if a hypothetical scenario with a non-zero duty rate were applied, for example, a 2.5% ad valorem duty on a shipment valued at $10,000, the duty would be calculated as: 2.5% of $10,000 = $250.00. Always refer to the specific tariff schedule for the applicable duty basis and rate for your country of import.

HS code 720719 is for 'Other' semi-finished products of iron or non-alloy steel, not further worked than hot-rolled or extruded. This means it captures products that meet the general criteria of Chapter 72 (Iron and Steel) and heading 7207 (Semi-finished products of iron or non-alloy steel), but do not fit into more specific subheadings within 7207, such as those for rectangular cross-sections or those with specific dimensions. Key classification criteria include the material composition (iron or non-alloy steel), the form (semi-finished products like blooms, billets, and slabs), and the processing (only hot-rolled or extruded, and not further worked beyond these processes). The World Customs Organization (WCO) Harmonized System Explanatory Notes provide detailed guidance on distinguishing between these categories.

Standard documentation for importing goods under HS code 720719 generally includes a commercial invoice, packing list, and bill of lading or air waybill. Depending on the country of import and any preferential claims, a Certificate of Origin may be required to prove the goods' nationality and eligibility for reduced or free duties under trade agreements. Importers should also be prepared to provide technical specifications or product data sheets to substantiate the classification if requested by customs authorities. Consulting the customs agency's website for the importing country is crucial for a complete list of required documents.

The availability of preferential duty treatment for HS code 720719 depends on the specific trade agreements between the exporting and importing countries. For imports into the United States, agreements like the United States-Mexico-Canada Agreement (USMCA) could offer preferential rates for goods originating from Canada or Mexico, provided they meet the rules of origin. Similarly, other FTAs the US is party to might apply. For imports into the European Union, the EU's network of trade agreements with third countries could provide preferential access. For the UK, the UK Global Tariff outlines preferential rates under its trade deals. Importers must consult the relevant trade agreement text and the tariff schedule of the importing country to determine eligibility and specific requirements, such as rules of origin and documentation.