HS 730629 Other

HS code 730629 covers 'Other tubes, pipes and hollow profiles, of iron or steel, welded, of circular cross-section, of an external diameter not exceeding 406.4 mm, of a wall thickness not exceeding 10 mm, of a kind used in the oil or gas industries, other than those of stainless steel'. The Most Favored Nation (MFN) duty rate for this classification can vary significantly by importing country. For example, the USITC Harmonized Tariff Schedule may list a specific rate, while the EU's TARIC system or the UK Trade Tariff will have their own applicable rates. Preferential rates are often available under Free Trade Agreements (FTAs). Importers must verify the origin of the goods and consult the relevant trade agreement to determine eligibility for reduced or zero duties. For instance, goods originating from a country with an FTA with the importing nation might benefit from a 0.00% duty rate, whereas the standard MFN rate could be higher, such as 20% ad valorem.

To be classified under HS code 730629, goods must meet several specific criteria: they must be tubes, pipes, or hollow profiles made of iron or steel. They must be manufactured using a welded process, and have a circular cross-section. Furthermore, their external diameter must not exceed 406.4 mm, and their wall thickness must not exceed 10 mm. Crucially, they must be of a kind used in the oil or gas industries, and importantly, they must not be made of stainless steel. If any of these conditions are not met, the item may fall under a different HS code.

Importing goods under HS code 730629 generally requires standard customs documentation, which includes a commercial invoice detailing the value, quantity, and description of the goods; a packing list; and a bill of lading or air waybill. Depending on the importing country and the specific use of the pipes (e.g., for oil and gas exploration), additional documentation might be necessary. This could include a certificate of origin to claim preferential duty rates under trade agreements, or specific technical certifications or compliance documents demonstrating that the pipes meet industry standards for oil and gas applications. Always consult the customs authority of the destination country for a definitive list.

Import duties for HS code 730629 are typically calculated on an ad valorem basis (a percentage of the value of the goods) or sometimes on a specific basis (a fixed amount per unit of quantity). Let's assume an importing country applies a 5% ad valorem duty rate for this code. If you import 1,000 meters of pipes valued at $5,000 USD, the duty calculation would be: Duty = 5% of $5,000 = 0.05 × $5,000 = $250 USD. If the duty were specific, for example, $0.50 per meter, the calculation for 1,000 meters would be: Duty = 1,000 meters × $0.50/meter = $500 USD. It is crucial to check the specific duty rate and calculation method applicable in the destination country's tariff schedule.

Several trade agreements can provide preferential duty rates for goods classified under HS code 730629, provided the goods meet the rules of origin stipulated in each agreement. Examples include agreements like the United States-Mexico-Canada Agreement (USMCA), which may offer reduced or zero duties for goods originating from Canada or Mexico. The European Union's network of Free Trade Agreements with various countries (e.g., CETA with Canada, or agreements with Japan or South Korea) can also impact duty rates. Similarly, the World Trade Organization (WTO) framework influences MFN rates. Importers should consult the specific tariff schedule of the importing country and the text of relevant trade agreements to ascertain eligibility for preferential treatment, which could reduce the duty rate from a standard percentage (e.g., 20%) to 0.00%.