The HS Code 28100000 refers to the classification of a specific category of products in international trade. In this case, it encompasses oxides of boron and boric acids. Understanding HS codes is crucial for importers, exporters, and customs officials to properly identify and classify goods during international trade transactions.
Oxides of boron and boric acids are chemical compounds used in a wide range of industries, including manufacturing, agriculture, and pharmaceuticals. These substances have various applications, such as flame retardants, corrosion inhibitors, fertilizers, and as a raw material for the production of borosilicate glass.
When importing or exporting products classified under HS Code 28100000, it is essential to be aware of the relevant duty rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 1.5%. The MFN duty rate is the rate applied to a product every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services.
The quantity unit for products classified under HS Code 28100000 is metric tons (T). This unit of measurement is commonly used in international trade to quantify the volume or weight of goods being imported or exported.
Furthermore, there are special tariff preference programs available for products under HS Code 28100000. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these special rates include Australia (A*), Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico under NAFTA, Oman (OM), Peru (P), Singapore (SG), and others.
For example, under the Caribbean Basin Initiative (CBI) and Andean Trade Preference Act (ATPA), certain countries within the Caribbean and Andean regions receive duty-free treatment for products classified under HS Code 28100000. Similarly, the Dominican Republic-Central American Special Rate (DR-CAFTA) grants duty-free access to the US market for eligible countries in Central America and the Dominican Republic.
When it comes to importing products under HS Code 28100000 into the United States, various states engage in trade. One of the states involved in exporting these products is Wyoming. This information is valuable for businesses looking to source oxides of boron and boric acids from specific US states or considering the potential market for such products within Wyoming.
HS Code 28100000 encompasses oxides of boron and boric acids. These chemical compounds find applications in diverse industries. Importers and exporters must be aware of the relevant duty rates and special tariff preference programs associated with this HS code. Moreover, understanding the involvement of specific US states, such as Wyoming, in exporting these products can aid businesses in their trade decisions.