When it comes to international trade, it is crucial to have a standardized system in place to classify various products. The Harmonized System (HS) Code is a globally recognized system used to classify products for customs and international trade purposes. In this article, we will delve into the HS Code 32030030 and provide a comprehensive understanding of the product it represents.
The HS Code 32030030 represents mixtures of 3,4-dihydroxyphenyl-2,4,6,-trihydroxypphenylmethanone and 2-(2,4-dihydroxyphenyl)-3,5,7-trihydroxy-4H-1-benzopyran-4-one. These mixtures are commonly used in various industries, including pharmaceuticals, cosmetics, and research laboratories.
Under the HS Code 32030030, the bound / MFN (Most Favored Nation) duty rate is free. 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. This encourages fair trade practices and equal treatment for all trading partners.
The quantity unit for products classified under the HS Code 32030030 is kilograms (KG). This unit of measurement is used to determine the weight of the product during import or export processes.
Products classified under the HS Code 32030030 are eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates. The following countries and regions offer special tariff preferences for this HS Code:
While the HS Code 32030030 covers imports to various US states, it is important to note that the available data only specifies Louisiana as an importing state for this particular product.
When it comes to exporting products classified under the HS Code 32030030, the available data indicates that they are predominantly exported from the following US states:
the HS Code 32030030 represents mixtures of 3,4-dihydroxyphenyl-2,4,6,-trihydroxypphenylmethanone and 2-(2,4-dihydroxyphenyl)-3,5,7-trihydroxy-4H-1-benzopyran-4-one. This HS Code is important for international trade as it allows for the standardized classification of these mixtures. Understanding the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS Code is crucial for businesses and individuals engaged in import and export activities.