Oxygen plays a crucial role in various industries and applications, ranging from healthcare to manufacturing. To facilitate international trade of this essential gas, a harmonized system (HS) code is assigned to oxygen. In this article, we will delve into the HS Code 28044000, providing an extensive overview of its product description, duty rates, quantity unit, and special tariff preference programs. Additionally, we will explore the importing and exporting US states associated with this HS code.
The HS Code 28044000 represents oxygen, a colorless and odorless gas that is vital for sustaining life. Oxygen is widely used in various industries, including medical, aerospace, chemical, and metal fabrication. It is an essential component in the production of steel, as well as for respiratory support in healthcare settings.
The bound or most favored nation (MFN) duty rate for HS Code 28044000 is 3.7%. This signifies that whenever a country reduces trade barriers or opens up its market, it must apply the same duty rate to oxygen imports from all its trading partners. This uniform duty rate promotes fairness and equal treatment in international trade.
The quantity unit for HS Code 28044000 is kilograms per cubic meter (KM3). This unit of measurement allows for accurate quantification of oxygen during import or export processes. It ensures consistency in determining the volume of oxygen being traded between countries.
HS Code 28044000 is eligible for several special tariff preference programs, which can provide favorable treatment or even duty-free status for imports. The following countries or regions offer special rates or duty-free treatment for oxygen imports under specific programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries, while offering benefits to specific trading partners.
When it comes to importing oxygen under HS Code 28044000, the following US states are associated with its importation:
These states are involved in the importation of oxygen under HS Code 28044000, reflecting the demand and distribution networks for this vital gas within the United States.
On the other hand, the following US states are associated with the exportation of oxygen under HS Code 28044000:
These states are involved in the exportation of oxygen under HS Code 28044000, showcasing the diverse production and distribution capabilities of oxygen within the United States.
HS Code 28044000 represents oxygen, a vital gas used in various industries. This comprehensive guide has provided an in-depth understanding of the product description, duty rates, quantity unit, special tariff preference programs, and the associated importing and exporting US states. By familiarizing yourself with HS Code 28044000, you can navigate the complexities of international oxygen trade more effectively.