Phosphinates and phosphonates, classified under HS Code 28351000, are chemical compounds that are widely used in various industries. These compounds have significant applications in agriculture, pharmaceuticals, water treatment, and fire retardants, among others. In this article, we will delve into the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
Phosphinates and phosphonates fall under the HS Code 28351000, which specifically refers to hypophosphites and phosphites. These compounds are derived from phosphorous acid and are widely used as reducing agents, stabilizers, and chelating agents in various industrial processes. They have excellent properties such as thermal stability, flame retardancy, and corrosion inhibition, making them highly valuable in numerous applications.
The bound or MFN (Most Favored Nation) duty rate for HS Code 28351000 is 3.1%. This means that whenever a country reduces a trade barrier or opens up a market, it must apply the same duty rate of 3.1% to all its trading partners for the import or export of phosphinates and phosphonates. The duty rate plays a crucial role in determining the cost of importing or exporting these compounds.
The quantity unit for HS Code 28351000 is kilograms (KG). This unit is used to measure the weight of phosphinates and phosphonates during import or export transactions. It provides a standardized approach for calculating the quantity of these compounds, ensuring accurate trade measurements and documentation.
HS Code 28351000 benefits from several special tariff preference programs that offer duty-free treatment or reduced duty rates for specific countries. These programs aim to promote trade and economic development by providing preferential treatment to eligible trading partners. The following countries enjoy special tariff preferences for importing phosphinates and phosphonates:
These special tariff preference programs facilitate trade between the United States and the respective countries by reducing or eliminating import duties on phosphinates and phosphonates. Importers and exporters can take advantage of these programs to enhance their competitiveness and expand their market reach.
While there is no specific information available regarding the exporting US states for HS Code 28351000, import data suggests that Alaska is one of the states involved in the importation of phosphinates and phosphonates. Alaska plays a role in ensuring the availability of these compounds for various industries within the state.
HS Code 28351000 encompasses phosphinates and phosphonates, which are versatile chemical compounds used in numerous applications. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and industries utilizing these compounds. By leveraging the benefits of special tariff preference programs and adhering to the duty rates, businesses can effectively trade in phosphinates and phosphonates, contributing to economic growth and development.