TARIFF SCHEDULES OF THE UNITED STATES
SCHEDULE 6. - METALS AND METAL PRODUCTS Part 2. - Metals, Their Alloys, and Their Basic Shapes and Forms Rates of Duty
5. Determination of Market Price of Copper for Rate of Duty Purposes.—(a) In this subpart, column I of the Rates of Duty columns has been divided into two columns, viz., l-a and l-b. The rates of duty In column l-a apply when the market price of copper is 24 cents or more per pound, and the rates of duty in column l-b apply when the market price of copper is under 24 cents per pound. (b) For the purposes of the provisions in part I of this schedule relating to copper-bearing materials covered by headnote 5 of said part I, and of the provisions of this subpart, the market price of copper is the average market price per pound for one calendar month of electrolytic copper in standard shapes and sizes, delivered Connecticut Valley, as determined by the United States Tariff Commission and reported to the Secretary of the Treasury In accordance with procedures set forth below, (cl The market price of copper, as defined above, shall be considered to be below 24 cents per pound only on and after the 20th day after the date of a report by the United States Tariff Commission to the Secretary of the Treasury that it has determined that the said market price has been below 24 cents per pound for one calendar month. (d) After any report by the United States Tariff Commission to the Secretary of the Treasury as provided for in (b) above, the said market price shall be considered as not being below 24 cents per pound only on and after the 20th day after the date of a report by the said Commission to the said Secretary that It has determined that the said market price has been 24 cents or more per pound for one calendar month. (e) Determinations by the said Commission of the market price of electrolytic copper shall be based upon sources commonly resorted to by the buyers of copper In the usual channels of commerce. Including, but not limited to, quotations of the market price for electrolytic copper, in standard shapes and sizes, delivered Connecticut Valley, reported by the Engineering and Mining Journal's "Metal and Mineral Markets". 6. The deductions provided for in headnote 4 ( D I of part I of this schedule shall apply to cement copper and copper precipitates (item 612.02) subject to the conditions specified in headnote 4 of said part I.
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