Prepared binders for foundry molds or cores fall under HS Code 38241000. This article will provide an extensive overview of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. Additionally, we will explore the importing and exporting US states for this particular code.
HS Code 38241000 refers to prepared binders that are specifically designed for foundry molds or cores. These binders play a crucial role in the casting process by holding the sand or other materials together to create molds or cores for various metal components. By using prepared binders, foundries can achieve precise shapes and dimensions, ensuring high-quality castings.
When importing products classified under HS Code 38241000, a bound or Most Favored Nation (MFN) duty rate of 6% applies. The MFN duty rate is the rate that a country must apply uniformly to all its trading partners when lowering trade barriers or opening up its market for specific goods or services. This ensures fair and equal treatment for all trading partners.
The quantity unit for products classified under HS Code 38241000 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported.
There are several special tariff preference programs applicable to products classified under HS Code 38241000. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty access to the importing country's market. The countries eligible for these special rates include:
These special tariff preference programs aim to promote economic development and trade cooperation between the importing country and the eligible countries.
When it comes to importing products classified under HS Code 38241000 into the United States, the following states are involved:
These states serve as important entry points for prepared binders for foundry molds or cores into the US market.
On the other hand, the following states are involved in exporting products classified under HS Code 38241000 from the United States:
These states are actively involved in exporting prepared binders for foundry molds or cores to various international markets.
HS Code 38241000 represents prepared binders for foundry molds or cores. This code is subject to a 6% bound or MFN duty rate and is measured in kilograms (KG). Various special tariff preference programs provide eligible countries with duty-free or reduced-duty access to the importing country's market. When it comes to the United States, several states are involved in both importing and exporting products classified under this HS code. Understanding and complying with the regulations and preferences associated with HS Code 38241000 is essential for successful trade in the foundry industry.