Silver compounds are chemical substances that contain silver atoms bonded to other elements or groups of elements. HS Code 28432901 specifically refers to silver compounds, excluding silver nitrate. In this article, we will explore the details of this HS code, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting states in the United States.
The product covered by HS Code 28432901 is silver compounds, excluding silver nitrate. Silver compounds are commonly used in various industries, including pharmaceuticals, photography, electronics, and jewelry manufacturing. These compounds exhibit different properties and have diverse applications based on their chemical composition.
The bound or Most Favored Nation (MFN) duty rate for HS Code 28432901 is 3.7%. The MFN principle states that when a country reduces trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners. This duty rate is applicable every time a country lowers a trade barrier or opens up a market.
The quantity unit for HS Code 28432901 is kilograms (KG). This unit is used to measure the weight or mass of the imported or exported silver compounds. It is important for accurate documentation, pricing, and shipment purposes.
Several special tariff preference programs are available for HS Code 28432901, providing certain countries with duty-free treatment. These programs include:
These special tariff preference programs allow certain countries to import silver compounds under preferential terms, such as reduced or eliminated duties, promoting trade and economic cooperation.
HS Code 28432901 silver compounds, other than silver nitrate, can be imported into various states of the United States. One of the states that import this product is Kansas. Importers in Kansas can benefit from the special tariff preference programs and the bound duty rate of 3.7%.
The exporting states in the United States for HS Code 28432901 silver compounds, other than silver nitrate, may vary. However, specific information regarding the exporting states is not available in the provided data.
HS Code 28432901 covers silver compounds, excluding silver nitrate. The duty rate for this code is 3.7%, and the quantity unit is kilograms (KG). Various special tariff preference programs allow certain countries to import these compounds under preferential terms. Importing states in the United States, including Kansas, can benefit from these programs. Silver compounds have diverse applications in industries such as pharmaceuticals, photography, electronics, and jewelry manufacturing.