Fluorspar, a mineral containing more than 97 percent of calcium fluoride by weight, falls under the HS Code 25292200. In this article, we will delve into the details of this HS Code, its product description, duty rates, quantity units, and special tariff preference programs.
HS Code 25292200 is specifically assigned to Fluorspar that consists of more than 97 percent of calcium fluoride. Also known as Calcium Fluoride, this mineral is widely used in various industries due to its unique properties. It is commonly utilized in the production of aluminum, steel, and cement, as well as in the manufacturing of glass, enamel, and ceramics.
Fluorspar is appreciated for its ability to lower the melting point of materials, enhance hardness, and provide resistance to chemical corrosion. Its applications range from metallurgy and construction to electronics and healthcare.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 25292200 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. Therefore, there are no additional duties or tariffs imposed on imports or exports of Fluorspar under this HS Code.
The quantity unit for HS Code 25292200 is metric tons (T). This standard unit of measurement simplifies international trade by providing a uniform basis for determining the quantity of Fluorspar being imported or exported.
While there are no specific special tariff preference programs associated with HS Code 25292200, it is important to consider the preferences and regulations of individual countries when engaging in international trade. For example, in the United States, the state of Hawaii is known for importing Fluorspar under this HS Code.
On the other hand, Montana has emerged as a significant exporter of Fluorspar to various destinations. The repeated mention of Montana as an exporting state implies that it possesses the necessary infrastructure and resources to produce and supply Fluorspar in significant quantities.
When dealing with special tariff preference programs, it is crucial for importers and exporters to stay updated with trade agreements, preferential trade areas, and bilateral agreements between countries to leverage any benefits or advantages available.
HS Code 25292200 represents Fluorspar, a mineral with a high calcium fluoride content. This versatile mineral finds applications in numerous industries due to its unique properties. With a duty rate of free, countries have to maintain uniform trade barriers and market access for Fluorspar. The quantity unit for this HS Code is metric tons (T), simplifying the measurement of imports and exports. While there are no specific special tariff preference programs associated with this HS Code, it is essential to be aware of individual country preferences and regulations when engaging in international trade.