The HS Code 28091000 refers to Diphosphorus pentoxide, a chemical compound that is used in various industries. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
Diphosphorus pentoxide, also known as phosphorus pentoxide or P2O5, is a white, crystalline powder that is highly hygroscopic. It is primarily used as a dehydrating and drying agent in various chemical processes. Due to its strong affinity for water, it is commonly employed in laboratories and industries to remove water from organic compounds or to convert liquid substances into solid forms.
Moreover, diphosphorus pentoxide is also used in the production of phosphoric acid, which is an essential component in fertilizers, detergents, and food additives. Additionally, it finds applications in the synthesis of pharmaceuticals, flame retardants, and various other chemical reactions.
Under the HS Code 28091000, the bound / MFN (Most-Favored Nation) duty rate for Diphosphorus pentoxide is free. This means that no import duty is imposed when this product is traded between countries. The concept of bound duty rate signifies 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.
This provision promotes fair and equal international trade by ensuring that all countries receive the same treatment with regards to import duties on Diphosphorus pentoxide.
The quantity unit for Diphosphorus pentoxide, as per the HS Code 28091000, is kilograms (KG). This standardized unit of measurement facilitates accurate and uniform trade transactions across different countries. Whether it is for importing or exporting Diphosphorus pentoxide, the quantity is denoted in kilograms, ensuring consistency and ease of trade.
Special tariff preference programs are trade agreements or initiatives that aim to promote economic cooperation and development between countries. These programs provide certain benefits or exemptions for the import or export of specific goods, including Diphosphorus pentoxide.
While the specific special tariff preference programs applicable to the HS Code 28091000 may depend on the countries involved in the trade, some common programs include:
It is important for importers and exporters to be aware of the special tariff preference programs applicable to Diphosphorus pentoxide in their respective countries. This knowledge can help them take advantage of any benefits or exemptions provided under these programs, thereby enhancing their competitiveness in the global market.
the HS Code 28091000 represents Diphosphorus pentoxide, a versatile chemical compound used in various industries. Its product description, duty rates, quantity units, and special tariff preference programs are important aspects to consider for businesses involved in its import or export. By understanding these details, companies can navigate international trade more effectively and capitalize on the advantages provided by the HS Code 28091000.