The HS Code 38069000 refers to a specific category of products known as resin acids, derivatives of resin acids and rosin, rosin spirit and rosin oils, run gums, nesoi. This code is used for trade and customs purposes to classify and identify these products in international trade.
Resin acids are natural substances that are found in the sap of various trees. They are widely used in the production of adhesives, coatings, and other industrial applications. Derivatives of resin acids are modified forms of these natural substances, which have been chemically processed to enhance their properties or create new products. Rosin, rosin spirit, and rosin oils are derived from resin acids and are used in a variety of industries, including the manufacturing of printing inks, varnishes, and adhesives.
The HS Code 38069000 also includes run gums, which are natural gums extracted from certain trees. These gums are used in the production of various products, such as food additives, pharmaceuticals, and cosmetics.
When importing or exporting products classified under HS Code 38069000, it is important to consider the associated duty rates. The bound or MFN (Most Favored Nation) duty rate for these products is 4.2%. This means that countries must apply this duty rate to imports of these products, unless they have special tariff preference programs in place.
Several special tariff preference programs exist for products classified under HS Code 38069000. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for these products. Other countries, such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and various countries under specific trade preference acts, also offer special rates or duty-free treatment for imports of these products.
It is important to note that the quantity unit for products classified under HS Code 38069000 is kilograms (KG). This unit of measurement is used to determine the quantity and value of these products in international trade.
In terms of importing and exporting these products, the United States is both an importing and exporting country. This means that the United States both consumes and produces products classified under HS Code 38069000. The specific states involved in importing and exporting these products may vary based on market demand and production capabilities.
the HS Code 38069000 is used to classify and identify resin acids, derivatives of resin acids and rosin, rosin spirit and rosin oils, run gums, nesoi in international trade. These products have various industrial applications and are subject to duty rates, unless special tariff preference programs are in place. The quantity unit for these products is kilograms (KG), and the United States is both an importing and exporting country for products classified under this HS Code.