When it comes to international trade, there are various codes and regulations in place to ensure smooth transactions and fair practices. One such code is HS Code 28461000, which pertains to cerium compounds. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 28461000 specifically refers to cerium compounds. Cerium is a chemical element that belongs to the lanthanide series of the periodic table. It is widely used in various industries, including automotive, electronics, and glass manufacturing.
Cerium compounds can come in different forms, including oxides, salts, and complexes. These compounds have a wide range of applications, such as catalysts, polishing agents, and additives in glass and ceramics.
The bound or most-favored-nation (MFN) duty rate for HS Code 28461000 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
It is important to note that duty rates may vary depending on the country and specific trade agreements in place. To determine the exact duty rate for importing or exporting cerium compounds, it is advisable to consult the customs regulations of the respective countries involved in the trade.
HS Code 28461000 uses kilograms (KG) as the quantity unit. This means that the weight of cerium compounds being imported or exported is measured in kilograms.
Using a standardized quantity unit helps ensure consistency and accuracy in international trade transactions. It allows for easier comparison and calculation of quantities across different countries and markets.
Certain countries have special tariff preference programs in place that offer preferential treatment for cerium compounds imported from or exported to specific trading partners. These programs aim to promote economic cooperation and provide benefits to eligible countries.
HS Code 28461000, under various special tariff preference programs, can enjoy duty-free treatment or reduced duty rates. Here are some of the programs and specific countries that offer special rates for cerium compounds:
These special tariff preference programs aim to facilitate trade between the participating countries and promote economic growth. Importers and exporters of cerium compounds should take advantage of these programs to minimize costs and enhance competitiveness.
HS Code 28461000 applies to both importing and exporting cerium compounds to and from various US states. The specific states involved in the trade will vary based on the trading partners and the demand for cerium compounds in different regions.
Some of the major US states involved in importing and exporting cerium compounds include California, Texas, New York, Illinois, and Michigan. These states have robust industrial sectors that rely on cerium compounds for various applications.
It is important for businesses engaging in international trade of cerium compounds to understand the regulations and requirements of the importing and exporting US states. Compliance with customs procedures and documentation is crucial to ensure smooth and legal trade operations.
HS Code 28461000 plays a significant role in regulating the import and export of cerium compounds. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses involved in international trade.
By leveraging the special tariff preference programs and complying with customs regulations, importers and exporters can optimize their supply chain, minimize costs, and gain a competitive edge in the global market for cerium compounds.