Insect waxes, other than bleached beeswax, and spermaceti, whether or not refined or colored, fall under HS Code 15219040. This code is used to identify and classify these specific products for international trade purposes.
When importing or exporting goods, it is essential to understand the HS code associated with the product. HS codes are a standardized system used globally to classify and categorize goods. These codes help in determining the applicable customs duties, trade regulations, and other relevant information for each product.
Product Description: Insect waxes, other than bleached beeswax, and spermaceti, whether or not refined or colored, are included in this HS code. Insect waxes are derived from various insects and are commonly used in industries like cosmetics, pharmaceuticals, and food. Spermaceti is a wax-like substance obtained from the head cavities of sperm whales.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 15219040 is free. This means that no customs duties are imposed on the import or export of these products. It is important to note that this duty rate applies when a country lowers a trade barrier or opens up a market, and it must do so for the same goods or services from all its trading partners.
Quantity Unit: The quantity unit for HS Code 15219040 is kilograms (KG). This unit of measurement is used to determine the weight of the insect waxes and spermaceti being imported or exported.
Special Tariff Preference Programs: Several special tariff preference programs offer duty-free treatment for imports or exports of insect waxes and spermaceti under HS Code 15219040. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the participating countries by reducing or eliminating customs duties on specific products.
Importing US States: The data available does not specify the importing US states for insect waxes and spermaceti under HS Code 15219040.
Exporting US States: The data available mentions South Carolina as the exporting US state for insect waxes and spermaceti under HS Code 15219040. South Carolina is known for its diverse industries, including manufacturing, agriculture, and natural resources, which contribute to the state's export activities.
Understanding HS Code 15219040 and its associated information is crucial for businesses involved in the import or export of insect waxes and spermaceti. Compliance with customs regulations and utilization of special tariff preference programs can positively impact trade activities and facilitate international business growth.