The HS Code 28443050 refers to a specific product category: Uranium depleted in U235, thorium; alloys, dispersions, ceramic products and mixtures of these products and their compounds. This code is used to classify and identify these goods for international trade purposes. Let's explore more about this HS code and its implications.
The product description of HS Code 28443050 includes uranium depleted in U235, thorium, as well as alloys, dispersions, ceramic products, and mixtures containing these substances and their compounds. This code helps customs officials and traders to accurately categorize and track these specific products.
When it comes to trade barriers and market access, the bound / MFN (Most Favored Nation) duty rate for HS Code 28443050 is 5%. This means that whenever 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. This duty rate ensures fair trade practices and equal treatment for all trading partners.
The quantity unit for HS Code 28443050 is kilograms (KG). This unit helps in determining the quantity of the product being traded and facilitates accurate measurement and pricing.
There are also special tariff preference programs associated with HS Code 28443050. These programs provide certain countries with preferential treatment when trading this specific product. The countries that enjoy free tariff rates for this HS code include: Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States under the Caribbean Basin Initiative (CBI) and the Dominican Republic-Central American Special Rate (DR-CAFTA).
When it comes to importing, the US states that commonly import products under HS Code 28443050 are South Carolina and Washington. On the other hand, the US states that often export products under this HS code are Kansas, Rhode Island, and Pennsylvania.
HS Code 28443050 represents a specific category of products related to uranium depleted in U235, thorium, alloys, dispersions, ceramic products, and mixtures containing these substances and their compounds. This code plays a crucial role in international trade by accurately classifying and tracking these goods. The associated duty rates and tariff preference programs ensure fair trade practices and equal treatment among trading partners. Understanding the HS code system is vital for importers, exporters, and customs officials to facilitate smooth international trade operations.