The Harmonized System (HS) Code is an internationally recognized standard for classifying products in international trade. Each product is assigned a unique HS Code that helps customs authorities identify and track the goods being imported or exported.
In this article, we will be discussing HS Code 28332930, which corresponds to Vanadium Sulfate. Let's delve into the details of this product and understand its characteristics, applications, and trade regulations.
Vanadium Sulfate, classified under HS Code 28332930, is a chemical compound composed of vanadium and sulfur. It is commonly used in various industrial applications, including catalysts, pigments, and as a component in batteries. Vanadium Sulfate is typically found in the form of a white crystalline powder or solid.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 28332930 is 5.5%. This means that when a country lowers a trade barrier or opens up a market, it must apply the same duty rate for Vanadium Sulfate imported from all its trading partners.
The quantity unit for Vanadium Sulfate is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the product being imported or exported.
Vanadium Sulfate under HS Code 28332930 is eligible for special tariff preference programs in certain countries. These programs offer reduced or duty-free rates to promote trade and economic cooperation. Here are the special tariff rates applicable to Vanadium Sulfate:
These special tariff programs provide preferential treatment to Vanadium Sulfate imported from specific countries or regions, reducing the overall duty rate or granting duty-free status.
When it comes to the United States, Vanadium Sulfate under HS Code 28332930 can be imported into any state, including Alaska. However, the exporting states within the US may vary depending on the production and distribution centers of this product.
It is important to note that trade regulations and policies may change over time. Therefore, it is crucial for importers, exporters, and traders to stay updated with the latest information provided by customs authorities and trade organizations.
Understanding HS Code 28332930 and its associated details is essential for businesses engaged in international trade. By complying with the appropriate tariff rates and regulations, importers and exporters can ensure smooth and lawful cross-border transactions involving Vanadium Sulfate.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered as legal or professional advice. It is recommended to consult with customs authorities or trade experts for specific inquiries related to HS Code 28332930 or any other trade-related matters.