Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 28469080: Compounds of Rare-Earth Metals, Yttrium, or Scandium

The HS Code 28469080 refers to compounds, whether inorganic or organic, that are made up of rare-earth metals, yttrium, or scandium, or a mixture of these metals. This code is used to categorize these specific types of compounds for import and export purposes.

When it comes to trade, countries often impose tariffs or duties on imported goods. The bound or most favored nation (MFN) duty rate for products falling under HS Code 28469080 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 quantity unit for measuring these compounds is kilograms (KG). This unit is used to determine the weight or quantity of the product being imported or exported.

However, there are special tariff preference programs in place that offer certain countries a duty-free treatment for importing products under HS Code 28469080. These programs include:

• Generalized System of Preferences (GSP): This program grants duty-free treatment for eligible products from various countries, including Australia (A), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), South Korea (K), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Singapore (SG).
• Australia Special Rate: Australia has a special rate for these compounds under the HS Code 28469080.
• Bahrain Special Rate: Bahrain also offers a special rate for importing these compounds.
• NAFTA for Canada: Canada enjoys duty-free treatment for products falling under this HS Code due to the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile has a special rate for importing compounds of rare-earth metals, yttrium, or scandium.
• Caribbean Basin Initiative (CBI): Certain countries in the Caribbean Basin region have a special tariff preference for these compounds.
• Israel Special Rate: Israel offers duty-free treatment for products under this HS Code.
• Andean Trade Preference Act (ATPA): Countries included in the Andean Trade Preference Act have a preferential rate for these compounds.
• Jordan Special Rate: Jordan also has a special rate for importing compounds of rare-earth metals, yttrium, or scandium.
• Agreement on Trade in Pharmaceutical Products: This agreement grants duty-free treatment for pharmaceutical products, including compounds under this HS Code.
• Morocco Special Rate: Morocco offers a special rate for importing these compounds.
• NAFTA for Mexico: Mexico benefits from duty-free treatment under NAFTA for products falling under this HS Code.
• Oman Special Rate: Oman has a special rate for importing compounds of rare-earth metals, yttrium, or scandium.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Countries included in the DR-CAFTA agreement enjoy a preferential rate for these compounds.
• Peru Special Rate: Peru offers a special rate for importing these compounds.
• Singapore Special Rate: Singapore has a special rate for importing compounds of rare-earth metals, yttrium, or scandium.

When it comes to the importing and exporting of products under HS Code 28469080, it is essential to understand the specific regulations and tariff preferences that apply to different countries. By utilizing these special tariff preference programs, importers and exporters can potentially save on duties and benefit from preferential treatment.

It is important to keep in mind that this article only provides an overview of the HS Code 28469080 and its related information. For more detailed and specific information regarding importing or exporting compounds of rare-earth metals, yttrium, or scandium, it is recommended to consult the relevant customs authorities or trade organizations.