HS Code 28470000: Hydrogen Peroxide, Whether or Not Solidified with Urea
Hydrogen peroxide, a chemical compound with the formula H2O2, is a versatile substance that finds applications in various industries. It is commonly used as a powerful oxidizer, bleaching agent, and disinfectant. The HS code 28470000 specifically refers to hydrogen peroxide, whether or not solidified with urea.
The HS code system, also known as the Harmonized System, is an internationally standardized system for classifying traded products. It enables countries to categorize products for customs and statistical purposes. HS codes consist of six digits, and each code represents a specific product or group of products.
When importing or exporting hydrogen peroxide under HS code 28470000, it is essential to be aware of the relevant trade regulations and tariff rates. The bound or Most Favored Nation (MFN) duty rate for this product is 3.7%. The MFN duty rate ensures that when a country reduces trade barriers or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for hydrogen peroxide under HS code 28470000 is kilograms (KG). This unit is used to determine the quantity of the product being imported or exported.
Additionally, several special tariff preference programs provide certain countries with preferential treatment or exemptions from duty payments when trading hydrogen peroxide. These programs include the Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), and Peru Special Rate. These programs aim to promote economic development and encourage trade between participating countries.
When importing hydrogen peroxide under HS code 28470000 into the United States, it is crucial to consider the specific regulations and requirements of the importing US states. Similarly, when exporting from the United States, it is essential to be aware of the regulations and requirements of the exporting US states. These regulations may vary depending on the intended use of the product and any additional certifications or permits required.
Hydrogen peroxide has a wide range of applications in various industries. It is commonly used as a bleaching agent in the textile industry and as a disinfectant in the healthcare sector. It also finds applications in the production of pulp and paper, water treatment, and as an oxidizer in chemical reactions.
HS code 28470000 represents hydrogen peroxide, whether or not solidified with urea. This versatile chemical compound has numerous applications in different industries. When trading hydrogen peroxide, it is important to be familiar with the applicable trade regulations, tariff rates, and special tariff preference programs. By understanding and complying with these requirements, businesses can ensure smooth and efficient trade operations involving hydrogen peroxide.
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