Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 32050040: Color Lakes and Preparations Based Thereon

Color lakes and preparations based thereon, described in additional U.S. note 3 to section VI, fall under HS Code 32050040. This HS Code is used to classify and identify these specific products for international trade purposes.

When importing or exporting goods, it is important to understand the HS Code associated with the product. HS Codes are used worldwide to standardize the classification of goods, making it easier for countries to track and regulate trade. The HS Code 32050040 specifically refers to color lakes and preparations based thereon.

Color lakes and preparations based thereon are products used for coloring various materials, such as textiles, plastics, and paints. They are commonly used in industries such as textile manufacturing, printing, and art supplies.

The Bound / MFN duty rate for HS Code 32050040 is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate is the percentage of the declared value of the goods that needs to be paid as a tax or duty upon importation.

The quantity unit for HS Code 32050040 is kilograms (KG). This is the standard unit of measurement used to quantify the weight of the goods being imported or exported.

There are also special tariff preference programs available for imports classified under HS Code 32050040. These programs offer preferential treatment in terms of reduced or eliminated tariffs. The following countries or regions have specific tariff rates for imports of color lakes and preparations based thereon:

• Free: Imports from least-developed beneficiary developing countries eligible for GSP under that subheading (duty-free treatment)
• Australia: Special Rate
• Bahrain: Special Rate
• Canada (under NAFTA): Duty-free treatment
• Chile: Special Rate
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment
• Caribbean Basin Initiative (CBI): Duty-free treatment
• Israel: Special Rate (duty-free treatment)
• Andean Trade Preference Act (ATPA): Duty-free treatment
• Jordan: Special Rate
• Morocco: Special Rate
• Mexico (under NAFTA): Duty-free treatment
• Oman: Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru: Special Rate
• Singapore: Special Rate (1%)

It is important for importers and exporters to be aware of these special tariff preference programs, as they can significantly reduce the cost of importing or exporting goods.

When importing HS Code 32050040 products into the United States, it is also important to consider the specific states involved in the importation and exportation. The importing and exporting US states play a role in customs clearance and may have additional regulations or requirements.

HS Code 32050040 refers to color lakes and preparations based thereon. Understanding the HS Code and its associated information, such as duty rates, quantity units, and special tariff preference programs, is crucial for successful international trade of these products.