HS 720854 Of a thickness of less than 3 mm

Import duty rates for HS code 720854 ('Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, not further worked than hot-rolled, not clad, plated or coated, other than of 'weather resistant steel', of a thickness of less than 3 mm') vary by importing country. For instance, under the US Most Favored Nation (MFN) tariff, the rate is 0.00%. However, preferential rates may be available through trade agreements. To access these, importers must provide proof of origin, such as a Certificate of Origin, demonstrating the goods meet the rules of origin for the specific agreement (e.g., USMCA, EU Free Trade Agreements). Always consult the specific tariff schedule of the importing country and the relevant trade agreement for precise rates and requirements.

HS code 720854 specifically covers flat-rolled products of iron or non-alloy steel that meet several criteria: 1) They must be of a width of 600 mm or more. 2) They must not be further worked than hot-rolled. 3) They must not be clad, plated, or coated. 4) They must not be of 'weather resistant steel' (which has its own classification). 5) Crucially, their thickness must be less than 3 mm. Any deviation from these criteria, such as being cold-rolled, plated, coated, or having a thickness of 3 mm or more, would necessitate classification under a different HS code.

Standard documentation for importing goods under HS code 720854 generally includes a commercial invoice detailing the value, quantity, and description of the goods; a packing list; a bill of lading or air waybill; and a customs declaration. Depending on the importing country and any claimed preferential trade agreements, a Certificate of Origin may be required to substantiate claims for reduced or zero duties. Importers should also be prepared to provide technical specifications or mill test certificates if requested by customs authorities to verify the material composition and manufacturing process.

The calculation of import duty depends on the specific duty rate applied by the importing country. Duties can be ad valorem (a percentage of the value) or specific (a fixed amount per unit of quantity). For HS code 720854, let's assume an importing country applies a 5% ad valorem duty rate. If an importer brings in 10,000 kilograms of steel coils valued at $15,000 USD, the duty calculation would be: Duty = Value × Duty Rate. In this example, Duty = $15,000 USD × 5% = $750 USD. If a specific duty were applied, for example, $0.10 per kilogram, the duty would be 10,000 kg × $0.10/kg = $1,000 USD. Always verify the applicable duty rate type and amount with the official tariff schedule.

Several trade agreements could potentially offer preferential duty rates for HS code 720854, depending on the origin of the goods and the importing country. For example, goods originating from Canada or Mexico and imported into the United States may benefit from reduced or zero duties under the United States-Mexico-Canada Agreement (USMCA), provided they meet the specific rules of origin. Similarly, goods originating within the European Union might benefit from preferential treatment when imported into countries with which the EU has a free trade agreement. The implication of these agreements is a reduction or elimination of import duties, lowering the overall cost of goods for importers. However, strict adherence to the rules of origin and proper documentation (like a Certificate of Origin) is mandatory to claim these benefits.