When it comes to international trade, every country has a unique system of classifying goods. One such classification system is the Harmonized System (HS) code, which is used by customs authorities worldwide to identify and categorize products. In this article, we will be focusing on HS code 32064930, which refers to coloring preparations based on zinc oxides.
Coloring preparations based on zinc oxides are a type of product that is used in various industries, including paints, coatings, plastics, and inks. These preparations are specifically mentioned in note 3 to chapter 32 of the HS code, which provides detailed specifications for their classification.
One important aspect of international trade is the determination of import duties. The bound or most-favored-nation (MFN) duty rate for HS code 32064930 is 1.3%. 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 ensures fair and equal treatment for all countries involved in trade.
The quantity unit for HS code 32064930 is kilograms (KG). This unit is used to measure the weight or quantity of the coloring preparations based on zinc oxides being imported or exported.
In addition to import duties, there are also special tariff preference programs that can affect the import/export of HS code 32064930. For this particular HS code, the following countries and regions offer special tariff rates or duty-free treatment:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for certain products. Importers and exporters of coloring preparations based on zinc oxides can take advantage of these programs to reduce or eliminate import duties, making their products more competitive in the international market.
When it comes to the importing and exporting of HS code 32064930, it is important to consider not only the duties and special tariff programs but also the specific regulations and requirements of the importing and exporting countries. Each country may have its own rules regarding labeling, packaging, documentation, and safety standards.
HS code 32064930 refers to coloring preparations based on zinc oxides. Understanding this HS code is crucial for importers and exporters of these products, as it determines the applicable import duties and eligibility for special tariff preference programs. By staying informed about the regulations and requirements of both the exporting and importing countries, businesses can navigate the international trade landscape more effectively.