Carmine color lakes and preparations, as specified in note 3 to this chapter, nesoi, fall under the HS Code 32050015. This code is used to classify and identify these particular products for international trade. Understanding the HS Code system is essential for importers, exporters, and customs officials as it helps in accurately categorizing goods and determining the applicable duties and tariffs.
The product description of HS Code 32050015 refers to carmine color lakes and preparations. Carmine is a bright red pigment derived from the cochineal insect. It is commonly used as a natural food coloring and dye in various industries such as cosmetics, textiles, and food and beverage.
The bound or Most Favored Nation (MFN) duty rate for HS Code 32050015 is 6.5%. The MFN duty rate signifies that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
The quantity unit for HS Code 32050015 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of carmine color lakes and preparations being imported or exported.
HS Code 32050015 is eligible for special tariff preference programs in certain countries. The following countries offer preferential treatment for this product:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for certain products. Importers and exporters can take advantage of these programs to enhance their competitiveness in the global market.
HS Code 32050015 is used for importing carmine color lakes and preparations into the United States. The exporting countries may vary, but some common exporting US states for this HS Code include:
These states have a significant presence in the import and export of carmine color lakes and preparations, contributing to the overall trade volume of this product.
HS Code 32050015 is essential for categorizing carmine color lakes and preparations in international trade. Its detailed product description, duty rate, quantity unit, and eligibility for special tariff preference programs provide valuable information for importers, exporters, and customs officials. Understanding and complying with the regulations associated with this HS Code is crucial for smooth and efficient trade operations.