When it comes to trade and international commerce, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) Code comes into play. The HS Code 05119936 specifically refers to natural sponges of animal origin.
Natural sponges have been used for centuries due to their unique properties and versatility. They are derived from marine animals such as sea sponges and have various applications across industries. From personal care to cleaning and painting, natural sponges offer a sustainable and eco-friendly alternative to synthetic sponges.
Understanding the HS Code is crucial for importers and exporters as it helps facilitate international trade and ensures clarity in customs procedures. The HS Code 05119936 specifically identifies natural sponges of animal origin, making it easier for authorities to classify and regulate the import and export of these products.
One important aspect of the HS Code is the Bound / MFN duty rate. For the HS Code 05119936, the duty rate is set at 3%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trade among nations.
The quantity unit for the HS Code 05119936 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported natural sponges. It helps in calculating shipping costs and ensuring accurate documentation.
Additionally, there are special tariff preference programs associated with the HS Code 05119936. These programs provide certain countries with preferential treatment and exemptions from import duties. Some of the programs applicable to natural sponges of animal origin include:
These special rates and exemptions aim to promote economic growth and development in specific regions or countries. By granting duty-free treatment, importing natural sponges from these designated areas becomes more financially viable.
For businesses involved in the trade of natural sponges, it is essential to be aware of the importing and exporting US states associated with the HS Code 05119936. These states play a significant role in the distribution and supply chain of these products. The importing US states for natural sponges of animal origin include South Dakota and Utah.
the HS Code 05119936 represents natural sponges of animal origin. This code helps classify and regulate the import and export of these products, ensuring fair and equal trade among nations. Understanding the Bound / MFN duty rate, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS Code is crucial for businesses involved in the trade of natural sponges.