Borates are a group of chemical compounds that contain boron and oxygen. They are widely used in various industries for their unique properties and applications. One specific type of borate, known as disodium tetraborate or refined borax, is excluded from the HS Code 28402000. This article will provide extensive information about this HS code and its related data.
The HS Code 28402000 specifically refers to borates, excluding disodium tetraborate (refined borax). Borates are commonly used as a source of boron, which is an essential element for many industrial processes. They find applications in industries such as agriculture, ceramics, glass manufacturing, and detergents. The exclusion of disodium tetraborate (refined borax) from this HS code means that other types of borates are covered under this code.
The bound or most-favored-nation (MFN) duty rate for HS Code 28402000 is 3.7%. This means 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. The duty rate ensures fair trade practices and equal treatment among trading partners.
The quantity unit for HS Code 28402000 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported. It provides a standardized method for tracking the quantity of borates traded between countries.
HS Code 28402000 is eligible for several special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries have special tariff rates or duty-free treatment for products under this HS code:
These special rates or duty-free treatments aim to promote trade and strengthen economic ties between the countries involved.
When it comes to the United States, HS Code 28402000 is imported by the state of Delaware. This means that Delaware receives imports of borates, excluding disodium tetraborate, under this HS code. On the other hand, the exporting US states for this HS code include Connecticut and Wyoming. These states are involved in exporting borates, excluding disodium tetraborate, to other countries.
HS Code 28402000 encompasses borates, other than disodium tetraborate (refined borax). It is an important code that facilitates international trade and ensures fair treatment among trading partners. Borates find widespread application in various industries, and the special tariff preference programs further enhance trade opportunities for eligible countries. Understanding this HS code and its associated data is crucial for importers, exporters, and anyone involved in international trade.