When it comes to international trade, it is crucial for countries to have a standardized system to classify and identify goods. The Harmonized System (HS) provides a globally recognized framework for this purpose. Each product is assigned a unique HS code, which helps in streamlining trade processes and facilitating the smooth flow of goods across borders.
In this article, we will explore HS Code 28416900, which pertains to manganites, manganates, and permanganates (excluding potassium permanganate). Let's delve into the details of this specific HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 28416900 encompasses a range of chemical compounds related to manganese. It includes manganites, manganates, and permanganates, with the exception of potassium permanganate. These compounds have various applications in industries such as pharmaceuticals, agriculture, and manufacturing.
The bound or Most Favored Nation (MFN) duty rate for HS Code 28416900 is 5%. The MFN duty rate is the maximum tariff rate a country can impose on imports from other World Trade Organization (WTO) member countries. However, it is important to note that actual duty rates can differ based on trade agreements, preferences, and tariff programs.
For HS Code 28416900, the quantity unit is kilograms (KG). This unit of measurement is used to quantify the weight of the imported or exported manganites, manganates, and permanganates.
Several countries participate in special tariff preference programs, which provide reduced or duty-free treatment for goods covered under specific HS codes. For HS Code 28416900, the following countries offer special tariff preferences:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating tariff barriers.
HS Code 28416900 is relevant to various US states in terms of importing and exporting. The following states are involved in these activities:
These states play a role in the trade of manganites, manganates, and permanganates, contributing to the economic growth and international commerce of the United States.
HS Code 28416900 encompasses manganites, manganates, and permanganates (excluding potassium permanganate). Understanding this HS code is essential for importers, exporters, and government agencies involved in international trade. By adhering to the prescribed duty rates and taking advantage of special tariff preference programs, businesses can optimize their import-export operations and benefit from global trade opportunities.