When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is an internationally recognized code that allows countries to categorize products for customs and trade purposes. In this article, we will delve into the details of HS Code 32021010, which refers to aromatic or modified aromatic synthetic organic tanning substances.
Aromatic or modified aromatic synthetic organic tanning substances are chemical compounds used in the leather industry for the tanning process. Tanning is a crucial step in transforming raw animal hides into durable and usable leather. These substances provide leather with the desired properties such as softness, flexibility, and resistance to decay.
HS Code 32021010 falls under Chapter 32 of the HS Code, which specifically deals with tanning or dyeing extracts, tannins, and their derivatives. The code is further classified into subheadings to provide more specific details about the product.
The product description for HS Code 32021010 is "Aromatic or modified aromatic synthetic organic tanning substances." This description indicates that the substances covered by this code are synthetic in nature and have aromatic properties. Aromatic compounds are known for their pleasant and distinct odors.
The bound / MFN (Most Favored Nation) duty rate for HS Code 32021010 is 6.5%. This duty rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate. The duty rate is a percentage of the value of the imported goods and serves as a source of revenue for the importing country.
The quantity unit for HS Code 32021010 is kilograms (KG). This unit of measurement indicates that the tanning substances are quantified by their weight in kilograms when imported or exported.
HS Code 32021010 is eligible for several special tariff preference programs. These programs offer reduced or duty-free rates for importing countries, promoting trade and economic cooperation. The following countries and programs are applicable to this HS Code:
These special tariff preference programs aim to encourage trade and economic development by reducing or eliminating tariff barriers for specific countries.
While HS Code 32021010 is not specific to any particular US state, it is worth noting the states involved in importing and exporting the product. Currently, Louisiana is the significant importer of these aromatic or modified aromatic synthetic organic tanning substances. On the other hand, the exporting states include Florida, Idaho, and Wyoming.
These states play a crucial role in facilitating the international trade of HS Code 32021010, ensuring a steady supply of tanning substances for the leather industry and contributing to the global economy.
HS Code 32021010 covers aromatic or modified aromatic synthetic organic tanning substances used in the leather industry. It falls under Chapter 32 of the Harmonized System (HS) Code, which provides a standardized classification for goods. Understanding the details of this HS Code, including the product description, duty rates, special tariff preference programs, and the involvement of specific US states, is vital for businesses engaged in international trade.