Tannic acid, a type of organic compound, is widely used in various industries such as food, pharmaceuticals, and cosmetics. It is primarily derived from plants, especially from the bark and leaves of trees like oak and chestnut. The HS Code 32019010 specifically refers to tannic acid products that contain 50 percent or more of tannic acid by weight.
When it comes to international trade, the HS code plays a crucial role in the classification and identification of products. It is a standardized system that is used by countries worldwide to classify traded goods. By assigning a unique code to each product, it enables efficient communication and simplifies customs procedures.
The MFN duty rate for HS Code 32019010 is set at 1.5%. The MFN (Most Favored Nation) principle ensures that when a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle promotes fairness and equal treatment in international trade.
The quantity unit for HS Code 32019010 is kilograms (KG). This unit of measurement is commonly used for the trade of various products, including tannic acid.
Furthermore, there are several special tariff preference programs applicable to the import of tannic acid products under HS Code 32019010. These programs grant specific benefits or exemptions from duties to eligible countries. The countries that enjoy these preferences for tannic acid imports include:
When it comes to the United States, the importing state for HS Code 32019010 is Louisiana. This means that tannic acid products falling under this HS code can be imported into the United States through the state of Louisiana. On the other hand, the exporting states for tannic acid products are Florida, Idaho, and Wyoming.
HS Code 32019010 represents tannic acid products with a minimum tannic acid content of 50 percent by weight. This code is essential for classifying, identifying, and regulating the trade of tannic acid internationally. Understanding the HS code and its associated information is crucial for importers, exporters, and regulatory authorities involved in the global trade of tannic acid products.