The HS Code 27111300 refers to butanes that are liquefied. This code is used to classify and trade this specific product internationally. Understanding the HS code is essential for importers, exporters, and customs officials as it helps in accurately identifying and categorizing goods for trade purposes.
Butanes, liquefied, are hydrocarbon gases that are typically derived from natural gas processing and petroleum refining. They are commonly used as fuel for heating, cooking, and as an ingredient in various industrial processes. Butanes have a wide range of applications, from powering vehicles to serving as a propellant in aerosol products.
When it comes to trade, the HS code plays a crucial role in determining the applicable customs duties and regulations. The bound or most-favored-nation (MFN) duty rate for HS Code 27111300 is free, which means there are no tariffs imposed on the import or export of this product. However, it is essential to note that trade barriers or special tariff preference programs can affect the duty rates.
Trade barriers are restrictions imposed by countries to protect their domestic industries or regulate imports. When a country lowers a trade barrier or opens up a market, it should do so for the same goods or services from all its trading partners. This principle ensures fair and equitable trade practices.
For importers and exporters dealing with butanes, liquefied, it is crucial to understand the quantity unit used for this product, which is barrels (BBL). This unit helps in accurately measuring and quantifying the volume of the product being traded.
Additionally, there are specific special tariff preference programs that can impact the import of butanes, liquefied, under HS Code 27111300. However, the provided data does not mention any such programs. It is always advisable to stay updated with the latest trade agreements and preferences to take advantage of any available benefits.
Looking at the data provided, certain US states have been listed as importing or exporting destinations for butanes, liquefied. Puerto Rico, Hawaii, Idaho, Maine, Montana, North Dakota, South Dakota, Vermont, Washington, Wisconsin, and the Virgin Islands are the states importing this product. On the other hand, Louisiana, Maryland, Pennsylvania, Texas, Washington, and Wyoming are the states listed as exporting butanes, liquefied.
Understanding the import and export destinations is vital for businesses involved in the trade of butanes, liquefied. It helps in identifying potential market opportunities and establishing trade relationships with the listed states.
HS Code 27111300 represents butanes, liquefied, which are hydrocarbon gases used for various purposes. The code plays a crucial role in trade classification, determining duty rates, and understanding import-export destinations. Businesses and individuals involved in the trade of this product must be aware of the applicable customs regulations and stay updated with any changes in trade barriers or special tariff preference programs.