HS Code 28416100: Potassium Permanganate
Potassium permanganate, classified under HS Code 28416100, is a chemical compound widely used in various industries and sectors. This article aims to provide an extensive overview of the HS code, its product description, duty rates, quantity unit, special tariff preference programs, as well as the importing and exporting US states associated with this code.
Product Description: Potassium permanganate is a powerful oxidizing agent with the chemical formula KMnO4. It is highly soluble in water and forms a dark purple solution. The compound is known for its strong oxidizing properties and is commonly used in water treatment, medical applications, laboratory experiments, and industrial processes.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 28416100 is 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. The duty rate ensures fair trade practices and equal treatment among countries.
Quantity Unit: The quantity unit for potassium permanganate is kilograms (KG). This unit is commonly used in international trade to measure the weight of goods being imported or exported.
Special Tariff Preference Programs: Potassium permanganate is eligible for several special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries. The following programs provide duty-free treatment for the importation of potassium permanganate:
- Generalized System of Preferences (GSP): Provides duty-free treatment for eligible developing countries.
- Australia Special Rate: Offers duty-free treatment for imports from Australia.
- Bahrain Special Rate: Provides duty-free treatment for imports from Bahrain.
- NAFTA for Canada: Grants duty-free treatment for imports from Canada under the North American Free Trade Agreement.
- Chile Special Rate: Offers duty-free treatment for imports from Chile.
- Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries in the Caribbean region.
- Israel Special Rate: Offers duty-free treatment for imports from Israel.
- Andean Trade Preference Act (ATPA): Provides duty-free treatment for eligible countries in the Andean region.
- Jordan Special Rate: Offers duty-free treatment for imports from Jordan.
- Morocco Special Rate: Provides duty-free treatment for imports from Morocco.
- NAFTA for Mexico: Grants duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
- Oman Special Rate: Offers duty-free treatment for imports from Oman.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment for eligible countries in the Dominican Republic and Central America.
- Peru Special Rate: Offers duty-free treatment for imports from Peru.
- Singapore Special Rate: Provides duty-free treatment for imports from Singapore.
Importing US States: Potassium permanganate is imported into the United States, with Delaware being one of the states involved in its importation. Delaware serves as a gateway for the entry of potassium permanganate into the US market.
Exporting US States: On the other hand, the states of Connecticut and Wyoming are involved in the exportation of potassium permanganate. These states contribute to the global trade of potassium permanganate by supplying it to various international markets.
HS Code 28416100 represents potassium permanganate, a versatile chemical compound used in various industries. This article provided an extensive overview of the HS code, its product description, duty rates, quantity unit, special tariff preference programs, as well as the importing and exporting US states associated with this code. Potassium permanganate plays a crucial role in water treatment, medical applications, laboratory experiments, and industrial processes, making it an essential chemical compound in international trade.
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