When it comes to international trade, it is essential to have a standardized system that classifies products. The Harmonized System (HS) is a globally recognized classification system that is used by customs authorities around the world. Each product is assigned a unique HS code that helps streamline trade and ensure uniformity in trade regulations.
One such HS code is 68128090, which refers to articles or mixtures of crocidolite, nesoi. Crocidolite is a type of asbestos mineral that has been widely used in various industries. It is known for its heat resistance properties and has been utilized in the production of insulation materials, cement products, and even cigarette filters.
The HS code 68128090 provides a clear identification for customs authorities and importers/exporters when dealing with articles or mixtures containing crocidolite. It enables proper classification, documentation, and assessment of duties and tariffs on these specific products.
One important aspect to note about the HS code 68128090 is the bound/Most Favored Nation (MFN) duty rate. This rate signifies 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 treatment in international trade.
The quantity unit for products classified under HS code 68128090 is kilograms (KG). This unit of measurement helps in accurately determining the quantity of articles or mixtures being imported or exported.
Additionally, there are special tariff preference programs associated with HS code 68128090. These programs provide certain countries with preferential treatment or duty-free access to the US market. Some of the countries that enjoy these benefits include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others. These programs aim to promote trade and economic cooperation between the US and these countries.
It is important for importers and exporters to be aware of the specific requirements and regulations associated with HS code 68128090. Compliance with customs procedures and documentation is crucial to ensure smooth and hassle-free trade operations.
HS code 68128090 represents articles or mixtures of crocidolite, nesoi. It enables proper classification, assessment of duties, and compliance with international trade regulations. Importers and exporters must familiarize themselves with the associated duty rates and special tariff preference programs to make informed decisions and take advantage of available benefits.