HS Code 27122000: Paraffin Wax
Paraffin wax, classified under HS Code 27122000, is a versatile and widely used product in various industries. It is obtained through synthesis or other processes and has a maximum oil content of 0.75% by weight. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. We will also highlight the importing and exporting US states for this product.
Product Description:
Paraffin wax is a type of wax derived from petroleum. It is a white or colorless solid that is commonly used for its melting and insulating properties. Paraffin wax is odorless, non-toxic, and has a low melting point, making it suitable for various applications such as candles, cosmetics, pharmaceuticals, and food packaging.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for HS Code 27122000 is free. This means that no customs duty is imposed when importing or exporting this product. It is important to note 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 ensures fair and equal treatment in international trade.
Quantity Unit:
The quantity unit for HS Code 27122000 is kilograms (KG). This means that the weight of paraffin wax is measured in kilograms for import and export purposes. It is a standardized unit of measurement that allows for easy monitoring and tracking of the quantity of the product.
Special Tariff Preference Programs:
Special tariff preference programs are trade agreements or arrangements that provide certain benefits or concessions to specific countries or regions. These programs aim to promote economic development, enhance trade relations, and provide preferential treatment to eligible products. While specific information about special tariff preference programs for HS Code 27122000 is not provided, it is advisable to consult the relevant trade agreements or customs authorities to determine any applicable programs or benefits.
Importing US States:
The following US states are known for importing paraffin wax (HS Code 27122000):
- Puerto Rico
- Hawaii
- Idaho
- Maine
- Montana
- North Dakota
- Puerto Rico
- South Dakota
- Vermont
- Washington
- Wisconsin
- Virgin Islands
- Wyoming
- Illinois
- Iowa
- Massachusetts
- Minnesota
- Montana
- New York
- Vermont
- Washington
Exporting US States:
The following US states are known for exporting paraffin wax (HS Code 27122000):
- Louisiana
- Maryland
- Pennsylvania
- Texas
- Washington
- Wyoming
- North Dakota
- Texas
- Washington
- Arizona
- Maine
- Michigan
- Nebraska
- New York
- North Dakota
- Texas
HS Code 27122000 represents paraffin wax, a versatile product with various applications. It has a maximum oil content of 0.75% by weight and is duty-free for import and export. Paraffin wax is measured in kilograms and is imported by states such as Puerto Rico, Hawaii, and Idaho, while being exported by states like Louisiana, Maryland, and Texas. As with any trade activity, it is essential to stay updated with relevant regulations and consult the appropriate authorities for accurate information.
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