HS Code 34039900: Lubricating Preparations (incl. lubricant-based preparations), nesoi
Lubricating preparations play a crucial role in various industries, ensuring the smooth operation of machinery and equipment. The Harmonized System (HS) Code 34039900 categorizes these essential products for international trade. In this article, we will explore the details of this HS code, its significance, and additional information related to the import and export of lubricating preparations.
The HS Code 34039900 specifically refers to lubricating preparations, including lubricant-based preparations, which are not elsewhere specified or included (nesoi). This code ensures that lubricating preparations are correctly classified for customs purposes, facilitating international trade regulations and documentation.
One key aspect to consider when dealing with HS Code 34039900 is the bound or Most Favored Nation (MFN) duty rate, which stands at 6.5%. The MFN principle ensures that when 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 duty rate applies consistently to lubricating preparations imported under this HS code.
The quantity unit for lubricating preparations classified under HS Code 34039900 is measured in kilograms (KG). This standardized unit helps streamline the import and export process, ensuring accurate measurement and pricing of lubricating preparations worldwide.
Moreover, HS Code 34039900 is also eligible for various special tariff preference programs. These programs provide certain countries with specific advantages when importing or exporting lubricating preparations under this HS code. Let's take a closer look at some of these programs:
1. Free Trade Agreements (FTAs):
- A+: This program grants duty-free treatment for imports of lubricating preparations from least-developed beneficiary developing countries.
- Australia Special Rate: Provides special tariff rates for lubricating preparations imported from Australia.
- Bahrain Special Rate: Offers special tariff rates for imports of lubricating preparations from Bahrain.
- NAFTA for Canada: Under the North American Free Trade Agreement, lubricating preparations imported from Canada receive duty-free treatment.
- Chile Special Rate: Provides special tariff rates for imports of lubricating preparations from Chile.
- Africa Growth and Opportunity Act (AGOA): Lubricating preparations imported from eligible African countries receive duty-free treatment under this program.
- Caribbean Basin Initiative (CBI): Offers duty-free treatment for imports of lubricating preparations from eligible Caribbean countries.
- Israel Special Rate: Provides special tariff rates for imports of lubricating preparations from Israel.
- Andean Trade Preference Act (ATPA): Lubricating preparations imported from ATPA beneficiary countries receive preferential treatment.
- Jordan Special Rate: Offers special tariff rates for imports of lubricating preparations from Jordan.
- Morocco Special Rate: Provides special tariff rates for imports of lubricating preparations from Morocco.
- NAFTA for Mexico: Under the North American Free Trade Agreement, lubricating preparations imported from Mexico receive duty-free treatment.
- Oman Special Rate: Offers special tariff rates for imports of lubricating preparations from Oman.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Provides special tariff rates for imports of lubricating preparations from DR-CAFTA beneficiary countries.
- Peru Special Rate: Offers special tariff rates for imports of lubricating preparations from Peru.
- Singapore Special Rate: Provides special tariff rates for imports of lubricating preparations from Singapore.
Now let's shift our focus to the importing and exporting states within the United States:
Importing US states:
- West Virginia
- Ohio
- Delaware
Exporting US states:
- West Virginia
- Ohio
These states are actively engaged in the import and export of lubricating preparations classified under HS Code 34039900. Proper adherence to customs regulations and documentation is crucial for smooth trade operations and compliance with international trade standards.
HS Code 34039900 plays a significant role in the classification, import, and export of lubricating preparations worldwide. Understanding the details, duty rates, and special tariff preference programs associated with this HS code allows businesses to navigate international trade successfully. Whether importing or exporting lubricating preparations, it is essential to adhere to customs regulations and take advantage of available trade programs to optimize operations and maximize benefits for all parties involved.
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