The HS Code 27111400 refers to the product description of Ethylene, Propylene, Butylene, and Butadiene, which are liquefied gases. This code is used internationally to classify and identify specific goods for import and export purposes. Understanding this code is crucial for businesses involved in international trade, as it helps ensure proper documentation, customs clearance, and compliance with trade regulations.
The product description provides a clear understanding of the goods covered under this HS code. Ethylene, Propylene, Butylene, and Butadiene are hydrocarbons that are commonly used in various industries, including petrochemicals, plastics, and synthetic rubber production. These gases are liquefied for ease of storage, transportation, and application in manufacturing processes.
When importing or exporting goods under HS Code 27111400, it is essential to consider the bound/MFN (Most Favored Nation) duty rate. The bound duty rate indicates the maximum tariff rate that a country can impose on these goods. However, countries may apply a lower MFN duty rate when lowering trade barriers or participating in trade agreements.
In terms of quantity unit, the goods classified under HS Code 27111400 are measured in kilograms (KG). This unit of measurement provides a standardized way to quantify and track the volume of Ethylene, Propylene, Butylene, and Butadiene being imported or exported.
Furthermore, there are special tariff preference programs associated with this HS code. These programs aim to promote trade and economic cooperation between countries. In the case of the United States, the importing states that have specific preferences for goods under HS Code 27111400 include Puerto Rico, Hawaii, Idaho, Maine, Montana, North Dakota, South Dakota, Vermont, Washington, Wisconsin, and the Virgin Islands.
On the other hand, the exporting states from the United States for goods under HS Code 27111400 are Louisiana, Maryland, Pennsylvania, Texas, Washington, and Wyoming. These states are known for their production and export of Ethylene, Propylene, Butylene, and Butadiene.
Understanding the HS Code 27111400 is vital for businesses engaged in the import and export of liquefied hydrocarbons. Adhering to the regulations and requirements associated with this code ensures smooth customs procedures, accurate classification, and compliance with trade agreements. It is essential for businesses to stay updated with any changes or amendments to the HS code to avoid any potential trade disruptions or penalties.