The HS Code 28053000 refers to the classification of rare-earth metals, scandium, and yttrium, whether or not they are intermixed or interalloyed. This code is used to categorize these specific products for international trade purposes. Understanding the HS code and its associated data can provide valuable insights into the import and export of these materials.
The bound or Most Favored Nation (MFN) duty rate for HS Code 28053000 is 5%. The MFN duty rate means that every time 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 fairness and equal treatment in international trade.
The quantity unit for HS Code 28053000 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the amount of rare-earth metals, scandium, and yttrium being imported or exported.
There are also special tariff preference programs associated with HS Code 28053000. These programs provide certain countries with preferential treatment or duty-free access to the products. The following countries have special tariff rates or duty-free treatment for imports under this HS code:
These countries have specific agreements or arrangements with the importing country that allow for reduced or eliminated import duties for products classified under HS Code 28053000.
When it comes to importing and exporting these products, it is also important to consider the specific states within the United States that are involved in these transactions. The exporting and importing US states play a role in determining the logistics and regulations surrounding the trade of rare-earth metals, scandium, and yttrium.
understanding the HS Code 28053000 and its associated data is crucial for anyone involved in the import and export of rare-earth metals, scandium, and yttrium. The code helps classify these materials for trade purposes, and the duty rates and special tariff preference programs provide important insights into the international trade landscape for these products.