HS 722410 Ingots and other primary forms

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What products does HS 722410 cover?

This subheading covers ingots and other primary forms of alloy steel, as defined by the World Customs Organization (WCO) Harmonized System (HS) Nomenclature. According to the US International Trade Commission (USITC) Harmonized Tariff Schedule (HTS), this includes products that have undergone initial melting and casting processes but have not yet been further worked into finished goods. Examples include ferro-alloys and other primary forms of alloy steel intended for subsequent remelting or further processing.

What falls outside HS 722410?

The following products are excluded from HS 722410: semi-finished products of alloy steel, such as blooms, billets, and slabs, which have undergone some initial shaping but are still considered primary forms. Also excluded are finished articles of alloy steel, such as bars, rods, wire, plates, sheets, and structural shapes, as these have undergone further manufacturing processes beyond the initial casting stage. For instance, alloy steel bars are classified under different subheadings within Chapter 72.

What are common classification mistakes for HS 722410?

A common error is misclassifying semi-finished products like billets or blooms as ingots under HS 722410. According to General Rule of Interpretation (GRI) 1, classification is determined by the terms of the headings and any relative section or chapter notes. Ingots and other primary forms are typically characterized by their direct casting from molten metal, whereas billets and blooms have undergone initial rolling or forging, placing them in a different category of semi-finished products.

How should importers classify products under HS 722410?

The correct procedure for classifying products under HS 722410 involves a thorough examination of the product's form and manufacturing stage. Importers and customs brokers must verify that the alloy steel is in its initial cast form, such as ingots, pigs, or lumps, directly from the melting process. Consulting the official tariff schedule, such as the USITC HTS or the EU TARIC database, and reviewing the explanatory notes for Heading 7224 is crucial to ensure accurate classification.

How is the duty calculated for products under HS 722410?

A 500 kg shipment of stainless steel ingots (HS 722410) declared at a customs value of $2,500 USD would attract a US duty of $125.00. This is calculated using the Most Favored Nation (MFN) duty rate of 5.0% ad valorem, applied to the declared value: 5.0% × $2,500 USD = $125.00. This calculation is based on the rates published in the USITC Harmonized Tariff Schedule for subheading 7224.10.0000.

Which trade agreements reduce duties for HS 722410?

Several free trade agreements may reduce the applicable duty rate for HS 722410, including the United States-Mexico-Canada Agreement (USMCA), which can result in a duty-free status for qualifying originating goods from Canada and Mexico. The EU-UK Trade and Cooperation Agreement also provides for preferential rates, potentially leading to duty-free entry for originating goods. Documentation such as a self-certified origin statement for USMCA or an EUR.1 movement certificate for EU/UK preferences is typically required to claim these reduced duties.

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