Peptones and their derivatives, protein substances and their derivatives, nesoi, and hide powder fall under the HS Code 35040050. This code is used to classify and regulate the international trade of these specific products. Understanding the HS Code is essential for importers, exporters, and government authorities involved in international trade.
The products categorized under HS Code 35040050 include peptones and their derivatives, protein substances and their derivatives (not elsewhere specified or included), and hide powder. Peptones are protein hydrolysates obtained by the partial hydrolysis of proteins. These substances find applications in various industries, including pharmaceuticals, biotechnology, and food processing.
Protein substances and their derivatives, nesoi, encompass a wide range of protein-based products that do not have a specific classification under other HS codes. These substances may include protein isolates, concentrates, and other protein derivatives used in various industries.
Hide powder refers to processed animal hides that have been ground into a powder form. Hide powder is commonly used in the manufacturing of leather products, adhesives, and other industrial applications.
The bound or most-favored-nation (MFN) duty rate for HS Code 35040050 is 4%. The MFN duty rate is the tariff rate applied to imports from all trading partners once a country lowers a trade barrier or opens up its market. It ensures that the same duty rate is applied uniformly to all countries exporting the specific goods or services.
The quantity unit for HS Code 35040050 is kilograms (KG). This unit is used to measure the weight of the imported or exported peptones and their derivatives, protein substances and their derivatives, nesoi, and hide powder.
Several special tariff preference programs are applicable to HS Code 35040050. These programs provide certain countries with preferential treatment in terms of duty rates. The following programs apply to this HS Code:
These programs allow certain countries to import or export products classified under HS Code 35040050 at reduced or duty-free rates, providing them with a competitive advantage in the international trade market.
When it comes to importing products classified under HS Code 35040050 into the United States, the data shows that the state of Iowa is the primary importer. The repeated mention of Iowa suggests that it is a significant destination for these products.
On the other hand, the data indicates that the states of Idaho and Oklahoma are the primary exporters of products falling under HS Code 35040050. These states are likely home to industries or businesses involved in the production and export of peptones, protein substances, and hide powder.
HS Code 35040050 encompasses peptones and their derivatives, protein substances and their derivatives, nesoi, and hide powder. This code is essential for regulating and facilitating international trade of these products. Importers, exporters, and government authorities must understand the HS Code and its associated regulations to engage in successful and compliant trade operations.