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Metal scrap classification catalogue and customs declaration method
Metal scrap is waste and leftover materials that come from the manufacturing, construction and repair of different types of products made from metal. This scrap metal can be recycled and used to make new products, saving resources and energy. Therefore, metal scrap continues to attract great attention among enterprises and traders, and it is of great significance to properly classify and classify metal scrap.
Classification of metal scrap
The classification of metal scrap generally is divided into ferrous metal scrap and non-ferrous metal scrap. Ferrous metal scrap is scrap metal made from iron and steel, such as recovered steel scraps, machinery parts, miscellaneous scrap metal from steel plants, etc. Nonferrous metal scrap refers to scrap metal made from non-iron materials, such as copper, aluminum, zinc and lead, and are sold as second-hand materials.
Customs declaration of metal scrap
When it comes to exporting metal scrap, it is important to note the tariffs and different types of products require different tax rates. The most important factor in determining the applicable customs tariff is the harmonized system code (HS code). Custom codes are used globally however they can differ depending on national or regional regulations. The customs declaration document must clearly indicate the type of metal scrap, HS code of the item, unit of measurement, weight, origin of the item, value, destination, exporter/importer details and other special conditions.
Conclusion
To properly classify and declare metal scrap is of great significance. Companies must always ensure they classify and declare the products they are exporting correctly, as this falls under international law and violation of laws and regulations may result in severe consequences. It is important to note that the HS codes used to classify metal scrap vary from region to region and it is very important to be familiar with the correct codes in order to export in compliance with local regulations.