7204

Analysis

Heading 7204 of the Harmonized Tariff Schedule covers ferrous waste and scrap; remelting scrap ingots of iron or steel. It divides into 7 six-digit subheadings and 7 eight-digit tariff lines, with 14 ten-digit statistical suffixes below them.

Every one of its 7 tariff lines is duty-free at the general rate, so classification within the heading affects statistics and Chapter 99 measures rather than the base duty.

The largest subheadings are 7204.10 (unnamed, 1 line), 7204.21 (unnamed, 1 line), 7204.29 (unnamed, 1 line) and 7204.30 (unnamed, 1 line).

Its median rate of duty-free sits at the 46th percentile of the headings in chapter 72.

The heading text decides whether a product belongs here at all (General Rule of Interpretation 1); the subheadings and lines below it only apply once that is settled. Section and chapter notes can override the heading wording, so read them for borderline goods.