Pigments and preparations based on hexacyanoferrates (ferrocyanides and ferricyanides) fall under the HS code 32064955. This code is used to classify and identify specific products for import and export purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description of HS code 32064955 refers to pigments and preparations based on hexacyanoferrates. Hexacyanoferrates are compounds containing the elements iron, carbon, nitrogen, and potassium. These compounds are commonly used as pigments in various industries, including paints, inks, and dyes. The inclusion of ferrocyanides and ferricyanides in this HS code indicates the specific types of hexacyanoferrates covered.
The bound or Most Favored Nation (MFN) duty rate for HS code 32064955 is 3.7%. The MFN duty rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment. Importers and exporters need to consider this duty rate when calculating the cost of their transactions.
The quantity unit for HS code 32064955 is kilograms (KG). This means that the measurement and pricing of the products covered by this code are based on their weight in kilograms. Importers and exporters need to accurately determine and declare the weight of their shipments to comply with customs regulations.
HS code 32064955 is eligible for various special tariff preference programs, which provide specific benefits and exemptions from duty rates. The following countries and programs offer preferential treatment for the importation of products under this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duties on specific products.
HS code 32064955 applies to imports and exports of pigments and preparations based on hexacyanoferrates in the United States. This means that any state within the US can import or export products classified under this HS code. The specific importing and exporting US states will vary depending on the trade activities and demand for these products.
HS code 32064955 represents pigments and preparations based on hexacyanoferrates. Importers and exporters need to be aware of the duty rates, quantity unit, special tariff preference programs, and importing and exporting US states related to this HS code to ensure compliance and optimize their trade transactions.