The HS Code 28253000 refers to vanadium oxides and hydroxides. This code is used to classify and identify these specific products for international trade purposes. Understanding the HS code is crucial for importers and exporters as it helps in determining the applicable duties, tariffs, and trade preferences.
Vanadium oxides and hydroxides are important chemical compounds with various industrial applications. They find use in the production of catalysts, ceramics, and high-performance batteries. These compounds are also used in the steel industry to enhance the strength and corrosion resistance of steel alloys.
The bound or most favored nation (MFN) duty rate for HS Code 28253000 is 5.5%. This 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. The duty rate is applied to the value of the product, and importers are required to pay this amount to the customs authorities.
The quantity unit for HS Code 28253000 is kilograms (KG). This unit is used to measure the weight or mass of the vanadium oxides and hydroxides being imported or exported.
There are also special tariff preference programs that apply to HS Code 28253000. These programs offer reduced or duty-free rates for specific countries. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for these products. Australia, Bahrain, Canada (under NAFTA), Chile, and Israel also have special rates for vanadium oxides and hydroxides.
Other special rate programs include the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
When importing HS Code 28253000 into the United States, specific states have been identified as major importers. These states include Idaho, North Dakota, Wyoming, and Louisiana. It is important for importers to be aware of the regulations and requirements set by these states when bringing in vanadium oxides and hydroxides.
On the other hand, Louisiana is also an exporting state for vanadium oxides and hydroxides. This implies that the state produces or processes these products and exports them to other countries.
HS Code 28253000 represents vanadium oxides and hydroxides in international trade. This code is important for identifying and classifying the products, determining duty rates, and accessing special tariff preference programs. Vanadium oxides and hydroxides have diverse applications in various industries and their trade plays a significant role in global commerce.