The HS Code 33019010 refers to extracted oleoresins consisting essentially of nonvolatile components of the natural raw plant. This code is used to classify and identify this specific product for international trade purposes. Let's explore more about this HS Code and the related information.
The product described by HS Code 33019010 is extracted oleoresins. These oleoresins are derived from natural raw plants and primarily consist of nonvolatile components. Oleoresins are a mixture of oils and resins extracted from plants, typically through various extraction methods.
The bound / MFN (Most Favored Nation) duty rate for HS Code 33019010 is 3.8%. The MFN duty rate is the rate that a country charges on a specific product from all its trading partners. It ensures that when 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.
The quantity unit for HS Code 33019010 is kilograms (KG). This means that the measurement and trading of this product are done in kilograms.
Under certain special tariff preference programs, the product classified under HS Code 33019010 may be eligible for duty-free treatment. The following countries have specific tariff rates or are excluded from GSP (Generalized System of Preferences) eligibility:
The importing and exporting of products under HS Code 33019010 are not limited to specific US states. However, the data provided indicates that Utah is both an importing and exporting US state for this particular product.
Overall, HS Code 33019010 plays a crucial role in identifying and classifying extracted oleoresins for international trade. The information related to the product description, duty rates, quantity unit, tariff preference programs, and importing/exporting states helps facilitate smooth trade operations and compliance with international trade regulations.