The HS Code 32064920 refers to coloring preparations based on iron oxides, as specified in note 3 to chapter 32 of the Harmonized System (HS). This code is used to classify and identify these specific products for international trade purposes.
The products covered by this HS code are used for coloring various materials, such as paints, coatings, plastics, and construction materials. Iron oxides are commonly used as pigments due to their excellent color stability, durability, and resistance to fading.
When importing goods classified under HS Code 32064920, it is important to consider the applicable customs duty rate. The bound and most-favored-nation (MFN) duty rate for these products is 6.5%. 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.
The quantity unit for these coloring preparations is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products.
Additionally, there are special tariff preference programs available for imports classified under HS Code 32064920. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty rates. The following special tariff preference programs apply to this HS code:
Each of these special tariff preference programs has specific eligibility criteria and requirements. For example, the "Free" program only applies to imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under that subheading, providing them with duty-free treatment.
Furthermore, certain countries have specific special rates for imports classified under HS Code 32064920:
These special rates aim to promote trade and economic cooperation between the countries involved.
In terms of importing and exporting these products, the HS Code 32064920 is used to identify the specific goods being traded. Importing US states and exporting US states must adhere to the regulations and requirements associated with this HS code when conducting international trade.
Overall, the HS Code 32064920 plays a crucial role in classifying and regulating the trade of coloring preparations based on iron oxides. Understanding this code and its associated regulations is essential for businesses and individuals involved in the import and export of these products.