HS Code 38059010: Pine oil containing alpha-terpineol as the main constituent
Pine oil containing alpha-terpineol as the main constituent falls under the HS Code 38059010. This code is used to classify and categorize products for international trade. Understanding the HS Code is crucial for importers, exporters, and customs officials as it helps in determining the applicable tariffs, regulations, and trade preferences associated with a specific product.
The product description for HS Code 38059010 specifies that it is pine oil containing alpha-terpineol as the main constituent. Pine oil is derived from the needles, twigs, and cones of pine trees and is widely used in various industries such as pharmaceuticals, cosmetics, and cleaning products. Alpha-terpineol is a major component of pine oil and is known for its aromatic and therapeutic properties.
When importing or exporting products classified under HS Code 38059010, it is essential to be aware of the duty rates imposed by different countries. The bound or Most Favored Nation (MFN) duty rate for this HS Code is free. This means that countries must lower trade barriers or open up their markets for the same goods or services from all trading partners. This principle ensures fair and non-discriminatory trade practices.
The unit of measurement for HS Code 38059010 is kilograms (KG). This measurement unit is universally recognized and facilitates accurate quantity calculations during international trade transactions.
In addition to the duty rate, there are special tariff preference programs associated with HS Code 38059010. These programs provide certain countries with preferential treatment, including duty-free access to the market. The countries eligible for these special tariff preferences are Australia, Bahrain, Canada (under NAFTA), Chile, the European Union (EU), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States.
For importers and exporters in the United States, it is crucial to be aware of the specific states involved in the import or export of products classified under HS Code 38059010. Unfortunately, the provided data does not mention the importing and exporting US states for this particular HS Code.
HS Code 38059010 refers to pine oil containing alpha-terpineol as the main constituent. This code is used to classify and categorize the product for international trade purposes. Importers and exporters must be familiar with the duty rates, special tariff preference programs, and measurement units associated with this HS Code. Compliance with these regulations ensures smooth and efficient trade transactions while adhering to global trade standards.
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