When it comes to international trade, various codes and classifications are used to categorize and identify specific products. One such code is the HS (Harmonized System) code, which is an internationally recognized system for classifying goods. In this article, we will explore HS Code 32012000, which corresponds to Wattle Tanning Extract.
Wattle tanning extract, classified under HS Code 32012000, is a product used in the leather industry. It is a substance derived from the bark of certain types of Acacia trees, commonly known as wattles. This extract has properties that make it suitable for tanning leather, enhancing its durability and overall quality.
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. In the case of HS Code 32012000, the bound / MFN (Most Favored Nation) duty rate is free. This means that there are no import duties or tariffs imposed on the importation of Wattle Tanning Extract.
The quantity unit for HS Code 32012000 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported. It provides a standardized measure that facilitates accurate calculations and transactions.
Special tariff preference programs are agreements or arrangements between countries that provide certain benefits or advantages to specific products. However, in the case of HS Code 32012000, there is no mention of any special tariff preference programs applicable to Wattle Tanning Extract.
While HS Code 32012000 applies to Wattle Tanning Extract globally, it is interesting to note the specific US states involved in importing and exporting this product.
Louisiana is a state in the southern region of the United States. It is involved in importing Wattle Tanning Extract, indicating a demand for this product within the state's leather industry.
Florida, Idaho, and Wyoming are states within the United States that are engaged in exporting Wattle Tanning Extract. These states likely have industries or businesses that produce the extract, meeting the demand for this product in domestic and international markets.
HS Code 32012000 represents Wattle Tanning Extract, a substance derived from Acacia trees and used in the leather industry. It is classified as duty-free, with a quantity unit of kilograms (KG). While there are no specific special tariff preference programs applicable to this product, it is imported by Louisiana and exported by Florida, Idaho, and Wyoming. Understanding the HS code and its associated product details is crucial for businesses involved in international trade.