HS 721391 Other

HS code 721391, which covers 'Other bars and rods of iron or non-alloy steel, not further worked than cold-formed or cold-finished', has varying duty rates depending on the importing country and trade agreements. For instance, the U.S. Most Favored Nation (MFN) duty rate is 0.00%. However, other countries may have different rates. For example, the UK's standard import duty rate is 5.5% ad valorem. It is crucial to consult the specific tariff schedule of the destination country for the most accurate and up-to-date information. Sources like the USITC (for the US), the EU TARIC database (for the EU), and the UK Trade Tariff are essential references.

The duty calculation for HS code 721391 typically depends on whether the duty is ad valorem (a percentage of the value) or specific (a fixed amount per unit of quantity). For example, if a shipment of goods classified under HS 721391 has a customs value of $10,000 and the applicable duty rate is 5.5% ad valorem, the duty would be calculated as: $10,000 (value) × 0.055 (duty rate) = $550.00. If the duty were specific, for instance, $0.10 per kilogram, and the shipment weighed 5,000 kilograms, the duty would be: 5,000 kg × $0.10/kg = $500.00. Always verify the basis of duty calculation (ad valorem, specific, or a combination) from the importing country's tariff schedule.

HS code 721391 falls under Chapter 72, which deals with 'Iron and Steel'. Specifically, it covers 'Bars and rods of iron or non-alloy steel, not further worked than cold-formed or cold-finished'. The 'cold-formed or cold-finished' aspect is critical, meaning the bars or rods have undergone processes like cold drawing, cold rolling, or straightening after initial hot working. This distinguishes them from hot-rolled products (often classified under 721399) or those further worked beyond simple cold finishing. The 'other' designation within 721391 implies it covers items not specifically enumerated in preceding subheadings of 7213, often based on cross-sectional shape or specific dimensions not covered elsewhere. Importers must ensure the goods meet the definition of 'cold-formed or cold-finished' and are not further worked (e.g., threaded, twisted, or punched) to avoid misclassification.

Standard documentation for importing goods under HS code 721391 generally includes a commercial invoice detailing the value, quantity, and description of the goods; a packing list specifying the contents of each package; and a bill of lading or air waybill as the transport document. Depending on the importing country and the origin of the goods, a certificate of origin may be required, especially if preferential duty rates under trade agreements are claimed. Some countries may also require specific product certifications or compliance declarations to ensure the goods meet safety or quality standards. Always consult the customs authority of the destination country for a comprehensive list of required documents.

Trade agreements can significantly reduce or eliminate import duties for goods classified under HS code 721391 if the goods meet the rules of origin specified in the agreement. For example, under the United States-Mexico-Canada Agreement (USMCA), goods originating in Canada or Mexico may benefit from preferential duty rates, often 0.00%, provided they satisfy the relevant product-specific rules of origin. Similarly, trade agreements between the European Union and third countries can offer reduced tariffs. To claim preferential treatment, importers must typically provide a valid certificate of origin issued by the exporter or producer, demonstrating that the goods meet the origin requirements. Consulting the specific provisions of the relevant trade agreement and the customs regulations of the importing country is essential.