Analysis
HTS 7407.10.50 covers of refined copper: bars and rods under heading 7407 (copper bars, rods and profiles). US Customs collects import statistics for it under 2 ten-digit suffixes, reported in kilograms.
The general duty rate is 1% of the customs value, which is at the low end of the rates in chapter 74 (20th percentile of 89 lines with an ad valorem rate). On a shipment valued at $10,000 that is $100 in duty before any Chapter 99 additions or preference claims.
Within this group the rate runs from 3% to 3%. Compared with 7407.10.30 (profiles: other), which pays 3%, a misclassification either way moves the duty by 2 percentage points.
For statistics it divides in two: 7407.10.50.10 for having a rectangular cross section and 7407.10.50.50 for other. Both pay the same duty; the suffix records which kind was imported.
The other lines in the same group are 7407.10.15 (profiles: hollow profiles, 3%) and 7407.10.30 (profiles: other, 3%).
Goods that qualify under GSP, the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, and 12 others can enter duty-free instead of paying 1%. It is also eligible under GSP, the developing-country programme, which Congress has to renew; check whether GSP is in force on the entry date.
Statistical suffixes
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 7407.10.15 | Profiles: hollow profiles | 3% |
| 7407.10.30 | Profiles: other | 3% |