Titanium oxides are a group of chemical compounds that contain titanium and oxygen. They are commonly used in various industries due to their unique properties and versatile applications. In this article, we will explore the HS Code 28230000, which specifically refers to titanium oxides.
The Harmonized System (HS) Code is an internationally recognized standard for classifying traded products. It is used by customs authorities to determine the appropriate duties, taxes, and regulations for goods being imported or exported. The HS Code 28230000 specifically categorizes titanium oxides, allowing for easier identification and classification during international trade.
Under the HS Code 28230000, titanium oxides are classified as a specific type of chemical compound. Titanium oxides are known for their wide range of applications, including use as pigments in paints, coatings, and plastics. They also find utility in the production of ceramics, catalysts, and electronic devices.
The bound or most-favored-nation (MFN) duty rate for titanium oxides under the HS Code 28230000 is 5.5%. 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. It ensures a fair and equal treatment of trading partners in terms of import duties.
The quantity unit used for measuring titanium oxides under the HS Code 28230000 is kilograms (KG). This standard unit allows for consistent measurement and easy comparison of quantities during international trade transactions.
Titanium oxides under the HS Code 28230000 may be eligible for special tariff preference programs, which provide certain countries with reduced or duty-free treatment when importing or exporting these goods. The following countries have special tariff rates for titanium oxides:
Under the HS Code 28230000, the following US states are known for importing titanium oxides:
Among the US states, Louisiana is notable for its export of titanium oxides under the HS Code 28230000.
the HS Code 28230000 is a crucial classification for titanium oxides in international trade. It helps identify and categorize these chemical compounds, determining the applicable duty rates and tariff preference programs. Understanding the HS Code is essential for importers, exporters, and customs authorities to facilitate smooth and efficient trade operations.