When it comes to international trade, it is important to have a standardized system in place to classify products. The Harmonized System (HS) Code is an internationally recognized system that is used to classify goods for customs purposes. Each product is assigned a unique HS code, which helps streamline the global trading process.
HS Code 15211000 specifically refers to vegetable waxes (other than triglycerides), whether or not refined or colored. Let's take a closer look at this HS code and explore its details and implications.
The product description for HS Code 15211000 is "Vegetable waxes (other than triglycerides), whether or not refined or colored." This means that the code encompasses a specific type of waxes derived from vegetables, excluding those derived from triglycerides. It includes both refined and colored variants of these waxes.
The bound / most favored nation (MFN) duty rate for HS Code 15211000 is free. This means that when 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 encourages fair trade practices and equal treatment for all countries involved.
The quantity unit for HS Code 15211000 is kilograms (KG). This means that the measurement and pricing of the product are based on weight in kilograms.
HS Code 15211000 is eligible for various special tariff preference programs that offer reduced or duty-free treatment. Here are some of the programs and the countries that benefit from them:
These special tariff preference programs aim to promote trade between countries by reducing or eliminating import duties for specific goods. For HS Code 15211000, countries participating in these programs can benefit from reduced or duty-free treatment when importing or exporting this product.
HS Code 15211000 is relevant for trade involving the United States. While the specific importing and exporting US states may vary, South Carolina is mentioned multiple times in the available data. This suggests that South Carolina may have a significant role in the import and export of vegetable waxes covered by HS Code 15211000.
HS Code 15211000 encompasses vegetable waxes (other than triglycerides), whether or not refined or colored. It is assigned a bound / MFN duty rate of free, and its quantity unit is kilograms (KG). Various special tariff preference programs offer reduced or duty-free treatment for this product, benefiting countries around the world. South Carolina appears to be involved in the import and export of this product within the United States.