Calcium carbonate is a widely used chemical compound that has a variety of applications in different industries. It is categorized under HS Code 28365000, which is used for the classification of this product in international trade. In this article, we will explore the significance of HS Code 28365000 and its implications for importing and exporting calcium carbonate.
Calcium carbonate is a chemical compound with the formula CaCO3. It is commonly found in rocks and minerals, such as limestone, marble, and chalk. In its pure form, calcium carbonate appears as a white powder or crystalline solid. It is odorless and has a high melting point.
Calcium carbonate is used in various industries, including construction, pharmaceuticals, agriculture, and food processing. It is a key ingredient in the production of cement, ceramics, paper, and plastic. It is also used as a dietary supplement and antacid in the pharmaceutical industry.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 28365000 is free. This means that countries have agreed to eliminate or reduce import tariffs on calcium carbonate. Whenever 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.
The free duty rate promotes international trade by reducing barriers and allowing for the free flow of calcium carbonate across borders. It encourages countries to engage in fair and open trade practices, benefiting both exporters and importers.
The quantity unit for HS Code 28365000 is kilograms (KG). This unit is used to measure the weight of calcium carbonate being imported or exported. Kilograms are the standard unit of measurement for international trade and allow for accurate tracking and calculation of quantities.
HS Code 28365000 is eligible for various special tariff preference programs. These programs provide specific benefits and incentives to countries that import or export calcium carbonate. Some of the special tariff preference programs applicable to HS Code 28365000 include:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries. They encourage the importation and exportation of calcium carbonate by providing favorable conditions and reducing trade barriers.
Calcium carbonate classified under HS Code 28365000 is imported by various states in the United States. Some of the states that import this product include:
These states recognize the importance of calcium carbonate in different industries and rely on its importation to meet their domestic needs.
Calcium carbonate classified under HS Code 28365000 is exported from the United States to different countries around the world. While the specific exporting states are not mentioned in the provided data, the United States is a major exporter of calcium carbonate due to its abundant reserves and advanced production capabilities.
Exporting calcium carbonate contributes to the growth of the US economy and strengthens its trade relations with other countries.
HS Code 28365000 plays a crucial role in the classification and trade of calcium carbonate. This article has provided an extensive overview of the product, its classification, and the significance of the HS code. It has also highlighted special tariff preference programs, importing US states, and the importance of exporting calcium carbonate from the United States.
Understanding HS codes and their implications is essential for businesses and individuals involved in international trade. The accurate classification of products under specific HS codes ensures smooth customs procedures, facilitates trade negotiations, and promotes global economic growth.