Recycled Aluminum Market Trends Analyzed Under HS Code 7602000040

This article analyzes the tax rates and regulatory requirements for importing recycled aluminum materials (HS Code 7602000040), aiming to assist businesses in optimizing decisions and reducing costs. It details the declaration elements, RCEP tax rates, and regulatory conditions, providing a clear classification of the products.

As environmental concerns and resource circularity gain global prominence, the market demand for recycled aluminum materials continues to grow. This sustainable alternative not only reduces resource consumption but also supports the transition toward greener industrial practices.

This analysis examines key regulatory and trade aspects of HS code 7602000040 (recycled pure aluminum raw materials), providing businesses with strategic insights for international procurement.

1. Product Overview

HS Code: 7602000040

Product Name: Importable Recycled Pure Aluminum Raw Materials

Description: Includes eco-friendly materials such as waste wires, cables, and hardware electrical components.

2. Tariff Information

Critical tax rates for import/export operations:

Unit of Measurement: Kilogram (kg)
Export Tax Rate: 30%
Export Tax Rebate: 0%
Provisional Export Rate: 15%
VAT Rate: 13%
MFN Tariff: 1.5%
General Import Tariff: 14%
Provisional Import Rate: 0%

3. Customs Declaration Requirements

Key elements for customs clearance:

Brand classification
Export preferential treatment status
Intended use
Material form (shreds, tubes, plates, etc.)
Source (industrial scrap, dismantled cables, electronic waste)
Actual aluminum/aluminum alloy content
Pricing date and contract date
GTIN and CAS numbers

4. Regulatory Compliance

Mandatory import conditions:

Submission of inbound goods clearance certificate
Inspection category designation (Class M: import commodity inspection)

5. RCEP Tariff Benefits

Regional Comprehensive Economic Partnership member rates:

0% duty: Australia, Brunei, Cambodia, Korea, Laos, Malaysia, New Zealand, Singapore, Thailand, Vietnam, Indonesia, Philippines, Myanmar
1% duty: Japan

6. HS Classification

This commodity falls under:

Section XV: Base Metals and Articles
Chapter 76: Aluminum and Aluminum Articles
Heading 7602: Aluminum Waste and Scrap

Accurate understanding of these regulations enables businesses to optimize supply chains while complying with increasingly stringent environmental policies. Strategic sourcing of recycled aluminum presents significant competitive advantages in today's sustainability-driven markets.