HS 722691 Other

HS code 722691, which covers 'Other' flat-rolled products of other alloy steel, has varying duty rates depending on the importing country and trade agreements. For example, under the US Most Favored Nation (MFN) tariff, the duty rate is often 0.00%. However, preferential rates under trade agreements can also apply. It is crucial to consult the specific tariff schedule of the destination country for the most accurate and up-to-date rates. For instance, the EU TARIC system and the UK Trade Tariff provide detailed rate information for their respective jurisdictions.

The duty calculation for HS code 722691 depends on whether the duty is ad valorem (a percentage of the value) or specific (a fixed amount per unit of quantity), or a combination. For example, if a country applies a 3.5% ad valorem duty on a shipment of flat-rolled alloy steel classified under 722691 with a declared value of $10,000, the duty would be calculated as: 3.5% of $10,000 = $350. If there were also a specific duty, such as $10 per metric ton, and the shipment weighed 5 metric tons, an additional $50 ($10/ton * 5 tons) would be added. Always verify the exact duty basis (ad valorem, specific, or compound) from the official tariff schedule.

HS code 722691 falls under Chapter 72 of the Harmonized System, which pertains to 'Iron and Steel'. Specifically, it is for 'Other flat-rolled products of other alloy steel'. The key criteria for classification include: 1. Material: The product must be made of 'other alloy steel', meaning it contains specific alloying elements (like silicon, chromium, nickel, molybdenum, etc.) in quantities that exceed the limits for ordinary carbon steel, but do not meet the criteria for stainless steel or other specific alloy steel categories defined in the HS. 2. Form: The product must be 'flat-rolled', meaning it has been processed by rolling in a direction perpendicular to its own axis to produce a sheet, plate, or strip. 3. Dimensions and Surface Finish: While 722691 is an 'other' category, the preceding subheadings within 7226 often specify dimensions (thickness, width) and surface finishes (e.g., polished, coated). Products that do not fit these more specific subheadings would be classified here. It is essential to consult the Explanatory Notes of the WCO Harmonized System for precise definitions and distinctions.

Standard import documentation for HS code 722691 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 for transport. Depending on the importing country and the specific nature of the alloy steel, additional documentation may be required. This could include a certificate of origin to claim preferential duty rates under trade agreements, or specific quality certifications to ensure compliance with national standards. Importers and customs brokers should always verify the specific requirements with the customs authorities of the destination country.

The duty rates for HS code 722691 can be significantly impacted by trade agreements. For example, goods originating from countries that are part of the United States-Mexico-Canada Agreement (USMCA) may benefit from reduced or zero duties when imported into the United States, Canada, or Mexico, provided they meet the rules of origin. Similarly, goods traded within the European Union benefit from the single market, often resulting in no duties. The UK's various Free Trade Agreements (FTAs) with countries worldwide can also provide preferential access. Importers must ensure they have the correct documentation, such as a valid Certificate of Origin, to substantiate claims for preferential treatment under these agreements.