HS Code 28332100: Magnesium Sulfate
Magnesium sulfate, classified under HS Code 28332100, is a chemical compound that consists of magnesium, sulfur, and oxygen. It is commonly known as Epsom salt and is widely used in various industries and applications.
The HS Code 28332100 is an internationally recognized code used to classify and identify specific products for customs and trade purposes. It helps in streamlining the import-export process and ensures that goods are categorized correctly for tariff and trade data.
Product Description:
Magnesium sulfate, with the chemical formula MgSO4, is a white crystalline substance. It is soluble in water and has various uses in industries such as agriculture, pharmaceuticals, cosmetics, and manufacturing.
Bound/MFN Duty Rate:
The bound or most favored nation (MFN) duty rate for magnesium sulfate is 3.7%. This means that every time a country reduces trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners.
Quantity Unit:
The quantity unit for magnesium sulfate is kilograms (KG). This unit is used to measure the weight or quantity of the product during import or export.
Special Tariff Preference Programs:
There are several special tariff preference programs available for magnesium sulfate under the HS Code 28332100. These programs provide preferential treatment or duty-free access to certain countries. The programs applicable to magnesium sulfate are as follows:
1. Generalized System of Preferences (GSP): Provides duty-free treatment for eligible developing countries.
2. Australia Special Rate: Offers a special rate for imports from Australia.
3. Bahrain Special Rate: Provides a special rate for imports from Bahrain.
4. NAFTA for Canada: Offers duty-free treatment under the North American Free Trade Agreement for imports from Canada.
5. Chile Special Rate: Provides a special rate for imports from Chile.
6. Caribbean Basin Initiative (CBI): Offers duty-free treatment for eligible countries in the Caribbean region.
7. Israel Special Rate: Provides duty-free treatment for imports from Israel.
8. Andean Trade Preference Act (ATPA): Offers duty-free treatment for eligible countries in the Andean region.
9. Jordan Special Rate: Provides a special rate for imports from Jordan.
10. Morocco Special Rate: Offers a special rate for imports from Morocco.
11. NAFTA for Mexico: Provides duty-free treatment under the North American Free Trade Agreement for imports from Mexico.
12. Oman Special Rate: Offers a special rate for imports from Oman.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): Provides a special rate for imports from the Dominican Republic and Central American countries.
14. Peru Special Rate: Offers a special rate for imports from Peru.
15. Singapore Special Rate: Provides a special rate for imports from Singapore.
Importing and Exporting US States:
Magnesium sulfate is imported and exported by various US states. The importing states include California, Texas, New York, Illinois, and Florida. The exporting states include Louisiana, Texas, California, Utah, and Nevada. These states play a crucial role in the trade of magnesium sulfate and contribute to the overall economy.
HS Code 28332100 represents magnesium sulfate, a versatile chemical compound used in various industries. Understanding the HS code, product description, duty rates, and special tariff preference programs associated with magnesium sulfate is essential for importers, exporters, and customs authorities. The code helps in accurately classifying and categorizing goods for trade purposes, ensuring compliance with international trade regulations and facilitating smooth trade operations.
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