The HS Code 28469040 is used to identify and classify Yttrium materials and compounds that contain between 19% and 85% of yttrium oxide by weight. This article will provide a comprehensive overview of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Yttrium is a chemical element with the symbol Y and atomic number 39. It is a silvery-metallic transition metal that is often found in minerals such as monazite and xenotime. Yttrium materials and compounds, covered by the HS Code 28469040, are those containing a significant amount of yttrium oxide.
Yttrium oxide (Y2O3) is a compound that has various applications across different industries. It is commonly used as a phosphor in television screens and computer monitors to produce red color. Yttrium oxide is also utilized in the production of lasers, ceramics, and as a catalyst in chemical reactions.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 28469040 is free. This means that countries are not required to impose any customs duties or tariffs when importing or exporting these materials and compounds.
According to the principle of MFN, 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. Therefore, countries must provide duty-free treatment for Yttrium materials and compounds with a yttrium oxide content between 19% and 85%.
The quantity unit for HS Code 28469040 is kilograms (KG). This means that the weight of the Yttrium materials and compounds should be measured and declared in kilograms when importing or exporting.
Yttrium materials and compounds classified under HS Code 28469040 may be eligible for special tariff preference programs in certain countries. These programs provide additional benefits or exemptions from customs duties based on specific trade agreements. The following countries have special tariff rates or duty-free treatment for Yttrium materials and compounds:
These special tariff preference programs aim to promote trade and strengthen economic relationships between countries. Importers and exporters should familiarize themselves with the specific requirements and conditions of these programs to benefit from reduced or no customs duties.
HS Code 28469040 applies to Yttrium materials and compounds imported and exported from various US states. The specific states involved in the import or export process may vary depending on the trade partners and market demand.
Some of the major US states involved in the import and export of Yttrium materials and compounds include California, Texas, New York, Illinois, and Florida. These states have significant industrial sectors that utilize Yttrium in various applications, including electronics, ceramics, and aerospace.
It is important for importers and exporters to ensure compliance with customs regulations, documentation requirements, and any applicable licensing or permit obligations when dealing with Yttrium materials and compounds under HS Code 28469040.
the HS Code 28469040 encompasses Yttrium materials and compounds containing between 19% and 85% yttrium oxide by weight. These materials have diverse applications across industries and benefit from duty-free treatment in many countries. Importers and exporters should take advantage of special tariff preference programs and adhere to customs regulations to facilitate trade in Yttrium materials and compounds.