HS 722692 Not further worked than cold-rolled (cold-reduced)

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What products does HS 722692 cover?

This subheading covers flat-rolled products of other alloy steel, not further worked than cold-rolled (cold-reduced), with a width of less than 600 mm. According to the World Customs Organization's Harmonized System Nomenclature, "cold-rolled" or "cold-reduced" signifies that the steel has undergone a rolling process at or near room temperature, resulting in a smoother surface finish and tighter dimensional tolerances compared to hot-rolled products. The USITC Harmonized Tariff Schedule (HTS) and the EU's TARIC database confirm this scope, focusing on the specific cold-rolling process and width limitation.

What falls outside HS 722692?

The following products are excluded from HS 722692: flat-rolled products of other alloy steel that have undergone further working beyond cold-rolling, such as plating, coating, or perforating; products with a width of 600 mm or more, which would fall under HS 722611 or 722619; and flat-rolled products of stainless steel or of silicon-electrical steel, which are classified under different headings within Chapter 72. For instance, cold-rolled stainless steel strip of less than 600 mm width is classified under HS 722020.

What are common classification mistakes for HS 722692?

A common error is misinterpreting "not further worked than cold-rolled (cold-reduced)." Importers may incorrectly classify products that have undergone additional treatments like galvanizing or painting, which would necessitate classification under a different subheading or heading. Adherence to General Rule of Interpretation (GRI) 1, which states that classification shall be determined according to the terms of the headings and any relative section or chapter notes, is crucial. For example, a cold-rolled steel strip that has been coated with zinc would not be classified here.

How should importers classify products under HS 722692?

The correct procedure for classifying products under HS 722692 involves a detailed examination of the product's characteristics. Importers and customs brokers must verify that the product is flat-rolled, made of other alloy steel, has a width less than 600 mm, and has not undergone any working process beyond cold-rolling. Consulting the official tariff schedule of the importing country, such as the USITC HTS or the UK Trade Tariff, and reviewing the explanatory notes for Chapter 72 is essential for accurate determination.

How is the duty calculated for products under HS 722692?

A 10-tonne shipment of cold-rolled alloy steel strip (HS 722692) declared at a customs value of $25,000 USD would attract a US duty of $1,250. This is calculated using the USITC Harmonized Tariff Schedule's Most Favored Nation (MFN) duty rate of 5% ad valorem (5% × $25,000 = $1,250). If the product were priced per kilogram, a rate of $0.05 per kg would result in a duty of $500 (10,000 kg × $0.05/kg = $500).

Which trade agreements reduce duties for HS 722692?

Several free trade agreements may reduce the applicable duty rate for HS 722692. For goods originating in Canada, Mexico, or the United States, the USMCA (United States-Mexico-Canada Agreement) can provide for duty-free entry if the rules of origin are met, requiring a self-certified origin statement. For certain developing countries under the Generalized System of Preferences (GSP), preferential rates or duty-free status may apply, necessitating a GSP Form A. The UK's trade agreements with various countries may also offer reduced rates, often requiring an EUR.1 movement certificate.

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