Fulminates, cyanates, and thiocyanates fall under HS Code 28429010, which is used to classify these specific chemical compounds for international trade purposes. In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, and importing/exporting US states related to this HS code.
The HS Code 28429010 covers the category of fulminates, cyanates, and thiocyanates. Fulminates are a class of explosive compounds containing the fulminate ion, while cyanates and thiocyanates are chemical compounds containing the cyanate and thiocyanate ions, respectively.
These compounds have various applications in industries such as pharmaceuticals, mining, agriculture, and manufacturing. They are used as intermediates in the production of pharmaceutical drugs, as initiators for explosives, and as reagents in chemical synthesis processes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 28429010 is 3.1%. 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 3.1% duty rate is applicable to the importation of fulminates, cyanates, and thiocyanates into various countries.
The quantity unit for HS Code 28429010 is kilograms (KG). This unit is used to measure the weight of the imported or exported fulminates, cyanates, and thiocyanates. The KG unit ensures standardized measurement and facilitates accurate trade transactions.
HS Code 28429010 is eligible for various special tariff preference programs, providing specific benefits and duty-free treatment for importing countries. The following countries and programs offer special tariff preferences for this HS code:
These special tariff preference programs aim to promote trade, economic cooperation, and development between countries by reducing or eliminating import duties on specific goods.
HS Code 28429010 allows the importation and exportation of fulminates, cyanates, and thiocyanates to and from various US states. One of the states involved in the trade of these chemical compounds is Kansas. Kansas serves as an importing and exporting state, facilitating the movement of goods classified under HS Code 28429010.
It is important for businesses and traders involved in the import and export of fulminates, cyanates, and thiocyanates to understand the regulations, duty rates, and special tariff preference programs associated with HS Code 28429010. Compliance with these regulations ensures smooth and efficient international trade transactions.