The HS Code 28433000 refers to gold compounds, which are chemical substances containing gold as a primary component. These compounds are used in various industries and applications, ranging from pharmaceuticals to electronics and jewelry manufacturing.
Gold compounds are classified under this HS code to facilitate international trade and ensure proper identification and categorization of these products. The HS code system is internationally recognized and used by customs authorities worldwide to classify goods for import and export purposes.
When importing or exporting gold compounds, it is important to be aware of the specific regulations and duties associated with this HS code. The bound or Most Favored Nation (MFN) duty rate for gold compounds is 5%. This means that every country must apply the same duty rate when lowering trade barriers or opening up their markets for gold compounds from all trading partners.
The quantity unit for gold compounds is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported gold compounds.
There are also special tariff preference programs associated with the HS code 28433000. These programs provide certain countries with preferential treatment or duty-free access to the US market for gold compounds. The countries eligible for these programs include:
When importing gold compounds into the United States, certain states have been identified as major importers. These states include Kansas and Rhode Island. It is important for businesses and individuals in these states to be familiar with the regulations and procedures associated with importing gold compounds under the HS code 28433000.
the HS code 28433000 is used to classify gold compounds for international trade. This code facilitates the identification and categorization of these products, ensuring proper customs procedures and duty rates. Understanding the regulations and special tariff preference programs associated with this HS code is essential for businesses and individuals involved in the import and export of gold compounds.