Analysis
HTS 7407.29.16 covers profiles: hollow 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 3% of the customs value, which is above most the rates in chapter 74 (74th percentile of 89 lines with an ad valorem rate). On a shipment valued at $10,000 that is $300 in duty before any Chapter 99 additions or preference claims.
Rates on the nearby lines range from 1.6% to 3%. The costliest confusion would be with 7407.29.50 (other: other bars and rods) at 1.6%, a difference of 1.4 points on the customs value.
The column 2 rate, for countries without normal trade relations, is 48%, 16.0 times the general rate.
For statistics it divides in two: 7407.29.16.10 for of copper-nickel base alloys (cupro-nickel) or… and 7407.29.16.80 for other. Both pay the same duty; the suffix records which kind was imported.
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 3%. 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 |
|---|---|---|
| 7407.29.34 | Of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) | 3% |
| 7407.29.38 | Other: other | 3% |
| 7407.29.40 | Bars and rods of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) | 3% |
| 7407.29.50 | Other: other bars and rods | 1.6% |