Stearic acid, classified under HS Code 38231100, is a versatile and widely used chemical compound. This article aims to provide an extensive overview of stearic acid, its uses, import-export information, and special tariff preference programs.
Stearic acid is a saturated fatty acid with the chemical formula C18H36O2. It is a waxy solid that is derived from natural sources such as animal and vegetable fats. Stearic acid is commonly found in various products, including cosmetics, soaps, candles, lubricants, and plastics.
When it comes to importing stearic acid, the HS Code 38231100 is used to identify and classify the product. The quantity unit for import and export is kilograms (KG). Importing of stearic acid is prevalent in certain US states, including Idaho, New Mexico, Oregon, Washington, District of Columbia, Kentucky, and Maryland.
On the other hand, stearic acid is exported from various US states, such as Arizona, Maine, New Mexico, Oregon, Vermont, Washington, Maryland, California, Illinois, Indiana, Kentucky, Massachusetts, Montana, New Jersey, Puerto Rico, Tennessee, Utah, and Wisconsin.
The bound / MFN (Most Favored Nation) duty rate for stearic acid under HS Code 38231100 is 2.1 cents per kilogram (KG) plus 3.8% ad valorem. This means that for every kilogram of stearic acid imported, a duty of 2.1 cents plus 3.8% of the product's value is levied.
It is important to note that 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. This principle ensures fair and non-discriminatory trade practices.
Stearic acid, classified under HS Code 38231100, is eligible for special tariff preference programs in several countries. These programs provide duty-free treatment or reduced duty rates for imports. The following countries have special tariff preferences for stearic acid:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on certain goods.
HS Code 38231100 represents stearic acid, a widely used chemical compound with various applications in industries such as cosmetics, soaps, candles, lubricants, and plastics. By understanding the import-export information, bound / MFN duty rate, and special tariff preference programs associated with stearic acid, businesses can make informed decisions regarding its trade. Whether you are an importer or exporter, knowing the relevant HS code and trade regulations is crucial for successful international trade.