The HS Code 28323010: Sodium Thiosulfate
Sodium thiosulfate, classified under the HS Code 28323010, is a chemical compound widely used in various industries. In this educational article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS Code.
Product Description
Sodium thiosulfate, also known as sodium hyposulfite, is a white crystalline compound with the chemical formula Na2S2O3. It is commonly used as a fixing agent in photography, a dechlorinating agent in water treatment, and a neutralizer in chemical processes. Sodium thiosulfate has various applications in medical, agricultural, and industrial fields.
Bound / MFN Duty Rate
The bound or Most Favored Nation (MFN) duty rate for HS Code 28323010 is 1.5%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 1.5% for sodium thiosulfate from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
Quantity Unit
The quantity unit for sodium thiosulfate is expressed in kilograms (KG). This unit of measurement is commonly used to determine the weight or mass of the product being imported or exported. It provides a standardized measurement for trade transactions and logistics purposes.
Special Tariff Preference Programs
Sodium thiosulfate, under HS Code 28323010, is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries. Here are some of the special tariff preference programs applicable to sodium thiosulfate:
- Free: Certain countries excluded from GSP eligibility for that HTS subheading (duty-free treatment)
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to promote trade and foster economic cooperation between countries. By providing duty-free or reduced-duty treatment, they encourage the import and export of sodium thiosulfate among participating nations.
Importing and Exporting US States
The HS Code 28323010 applies to sodium thiosulfate imported or exported from the United States. It is important to note that this HS Code is not specific to any particular state within the country. Therefore, sodium thiosulfate can be imported or exported from any state within the United States, subject to applicable customs regulations and documentation requirements.
sodium thiosulfate, classified under the HS Code 28323010, is a versatile chemical compound with numerous applications. Its product description, duty rates, quantity units, and special tariff preference programs provide valuable information for businesses and individuals involved in international trade. Understanding these details is crucial for ensuring compliance with customs regulations and taking advantage of preferential trade benefits.
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