Import trade restrictions for 7206000000 10
| Origin Origin country | Start | Duty / Tax | Legal Legal base Measure type | |
|---|---|---|---|---|
1011 | ERGA OMNES 1011 | 01/01/2005 | 0.000 % | Regulation 1789/03 Third country duty 103 |
1011 | ERGA OMNES 1011 | 01/07/2016 | 0.000 % | Regulation 2658/87 Suspension - goods for certain categories of ships, boats and other vessels and for drilling or production platforms 117 |
KP | North Korea (Democratic People’s Republic of Korea) KP | 16/09/2017 | Cond: Y cert: Y-959 (29):; Y (09): | Regulation 1548/17 Import control on restricted goods and technologies 711 |
RU | Russian Federation RU | 17/12/2022 08/01/2023 | Cond: Y cert: Y-849 (29):; Y cert: L-139 (29):; Y cert: L-143 (29):; Y (09): | Regulation 2474/22 Import control 763 |
Explanation of trade restrictions
Erga Omnes means "for all".
Third countries are countries that are not part of the EU.
GSP means "Generalised System of Preferences".
GSP Plus means "Generalised System of Preferences Plus".
European Economic Area (EEA) means all EU member states and Iceland, Liechtenstein and Norway.
OCTs stands for "Overseas Countries and Territories". They are countries and territories that are not part of the EU. More information
CARIFORUM is a regional economic integration organisation comprising 15 Caribbean Community (CARICOM) countries and the Dominican Republic.
SADC EPA stands for "Southern African Development Community - Economic Partnership Agreement".
Duty means "customs duties".
Information
When importing or exporting "II. IRON AND NON-ALLOY STEEL", it is crucial to have the correct HS code or TARIC code. The HS code 7206000000 10 serves as the standard code for this product, ensuring that the appropriate duties and taxes are applied when crossing international borders.
To ensure your business transactions run smoothly when importing or exporting "II. IRON AND NON-ALLOY STEEL", consider the following points:
- Inform yourself about the specific import and export regulations in the countries involved. This includes possible restrictions, taxes, and duties applicable to "II. IRON AND NON-ALLOY STEEL".
- Check if any additional licenses, permits, or certificates are required to import "II. IRON AND NON-ALLOY STEEL" into the destination country or export it from the country of origin.
- Make sure your trading partners have valid identification numbers, such as EORI numbers (Economic Operators Registration and Identification) in the EU, to streamline trade and minimize delays.
- Ensure that all trade- and customs-related documents (such as commercial invoices, packing lists, certificates of origin, and insurance policies) are accurately completed and adhere to the respective national regulations.
- Keep an eye on the current exchange rates, as well as packaging, shipping, and insurance costs, to accurately calculate trade costs.
In summary, the HS code or TARIC code for "II. IRON AND NON-ALLOY STEEL" is 7206000000 10. Make sure you accurately use this code in all your trade and customs documents to guarantee smooth and hassle-free transactions. With these tips, you'll be better prepared for the challenges of international trade and can successfully import and export "II. IRON AND NON-ALLOY STEEL".
HS Code structure
1. Chapter
There are 21 different sections, which are divided into 96 chapters. Exceptional chapters include chapter 77, which is reserved for future use, chapters 98 and 99, which are limited at national level, and chapter 99, which is a specific code for temporary changes. In the example above, chapter 72 was selected for iron and steel
2. Heading
The heading determines the specific category within a certain chapter. In the example above, the 06 refers to II. IRON AND NON-ALLOY STEEL.
HS Code tree structure
7200000000 80
Chapter IRON AND STEEL
7206000000 10
II. IRON AND NON-ALLOY STEEL
7206000000 80
Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)
7206100000 80
- Ingots
7206900000 80
- Other