HS Code 68118100: Corrugated sheets, of cellulose fiber-cement or the like (not containing asbestos)
Corrugated sheets made of cellulose fiber-cement or similar materials (excluding asbestos) fall under the HS code 68118100. This code is used to classify and identify these specific products for import and export purposes. In this article, we will explore the details of this HS code and provide valuable information about the product description, duty rates, quantity units, and special tariff preference programs associated with it.
Product Description:
Corrugated sheets falling under HS code 68118100 are made from cellulose fiber-cement or similar materials. These sheets are widely used in various industries due to their durability, strength, and resistance to weather conditions. They are commonly employed in construction and roofing applications, providing an efficient and cost-effective solution for building structures.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for products classified under HS code 68118100 is free. This means that when a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This encourages fair trade practices and ensures equal opportunities for all countries involved in international trade.
Quantity Unit:
The quantity unit for HS code 68118100 is kilograms (KG). This unit of measurement is used to determine the weight of the corrugated sheets being imported or exported. It helps in accurately assessing the quantity of goods being traded and calculating relevant costs, such as shipping fees and customs duties.
Special Tariff Preference Programs:
Several countries participate in special tariff preference programs that offer benefits for importing or exporting products classified under HS code 68118100. These programs provide duty-free treatment or special rates for eligible countries. The following countries have specific tariff preferences for these corrugated sheets:
1. Australia (A): Under the Generalized System of Preferences (GSP), Australia grants duty-free treatment for imports of corrugated sheets falling under HS code 68118100.
2. Bahrain (BH): Bahrain offers a special rate for these products, which allows them to be imported at a reduced duty rate.
3. Canada (CA): The North American Free Trade Agreement (NAFTA) provides duty-free treatment for imports of corrugated sheets from Canada.
4. Chile (CL): Chile has a special rate for these products, enabling them to be imported at a reduced duty rate.
5. European Union (E): The European Union offers duty-free treatment for imports of corrugated sheets classified under HS code 68118100.
6. Israel (IL): Israel grants duty-free treatment for imports of these products, promoting trade between countries.
7. Japan (J): Japan provides duty-free treatment for imports of corrugated sheets falling under HS code 68118100.
8. Jordan (JO): Jordan offers a special rate for these products, allowing them to be imported at a reduced duty rate.
9. Morocco (MA): Morocco provides a special rate for these products, enabling them to be imported at a reduced duty rate.
10. Mexico (MX): Similar to Canada, Mexico benefits from duty-free treatment under the NAFTA agreement for imports of corrugated sheets.
11. Oman (OM): Oman offers a special rate for these products, allowing them to be imported at a reduced duty rate.
12. Dominican Republic (P): The Dominican Republic-Central American Special Rate (DR-CAFTA) provides duty-free treatment for imports of corrugated sheets from the Dominican Republic.
13. Peru (PE): Peru has a special rate for these products, enabling them to be imported at a reduced duty rate.
14. Singapore (SG): Singapore offers a special rate for imports of corrugated sheets falling under HS code 68118100.
Importing US States and Exporting US States:
The HS code 68118100 is relevant for both importing and exporting corrugated sheets. It applies to shipments entering and leaving the United States. The specific states involved in importing or exporting will vary depending on the trade partners and specific business transactions.
HS code 68118100 represents corrugated sheets made of cellulose fiber-cement or similar materials (excluding asbestos). Understanding this code is essential for businesses engaged in international trade, as it helps in accurately classifying and identifying these products. The duty rates, quantity units, and special tariff preference programs associated with this HS code further facilitate trade and promote fair competition among countries.
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