The HS Code 38231300 refers to a specific product called Tall Oil Fatty Acids. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states. Let's delve into the fascinating world of Tall Oil Fatty Acids.
Tall Oil Fatty Acids, classified under HS Code 38231300, are a type of chemical compound derived from the processing of crude tall oil. Tall oil is a byproduct of the paper and pulp industry, obtained from the resinous sap of pine trees. These fatty acids find extensive applications in various industries, including chemicals, coatings, adhesives, and lubricants.
The bound or most-favored-nation (MFN) duty rate for Tall Oil Fatty Acids is 3.2%. 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 ensures fair and equal treatment for all countries involved in trade.
Tall Oil Fatty Acids are measured and traded in kilograms (KG). This quantity unit is used to accurately determine the weight and volume of the product during import and export transactions. It provides a standardized measurement system for international trade.
Under HS Code 38231300, Tall Oil Fatty Acids are eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. Here are some of the special tariff preference programs applicable to Tall Oil Fatty Acids:
Several US states import Tall Oil Fatty Acids under HS Code 38231300. These states include:
Various US states engage in the export of Tall Oil Fatty Acids. The exporting states under HS Code 38231300 include:
HS Code 38231300 plays a crucial role in the international trade of Tall Oil Fatty Acids. Understanding the details of this code provides insights into the regulations, duty rates, and preferences associated with this product. Whether you are an importer or exporter, being knowledgeable about HS Code 38231300 can help you navigate the complexities of global trade more effectively.