Terpenic oils, nesoi, produced by treatment of coniferous woods; crude dipentene; sulfite turpentine and other crude para-cymene fall under the HS Code 38059050. This code is used to classify and categorize these specific types of oils and compounds for international trade purposes.
The product description includes various terpenic oils that are obtained through the treatment of coniferous woods. It also encompasses crude dipentene, sulfite turpentine, and other forms of crude para-cymene. These oils and compounds are widely used in several industries, including fragrance and flavor production, pharmaceuticals, and cleaning products.
The bound / MFN duty rate for HS Code 38059050 is 3.7%. 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 duty rate is applicable for imports of terpenic oils and other crude para-cymene from any country.
The quantity unit for this HS Code is kilograms (KG). This unit is used to measure the weight of the imported or exported terpenic oils and crude para-cymene.
There are also special tariff preference programs available for imports of products falling under HS Code 38059050. These programs offer preferential treatment, including duty-free benefits, for certain countries. The countries eligible for these special tariff preference programs include:
Each of these countries has specific agreements or arrangements in place that allow for duty-free treatment or special rates for imports of terpenic oils and other crude para-cymene under HS Code 38059050. For example, the Africa Growth and Opportunity Act (AGOA) provides duty-free treatment for eligible countries in Africa, while the Caribbean Basin Initiative (CBI) offers similar benefits for countries in the Caribbean region.
When it comes to importing terpenic oils and crude para-cymene under HS Code 38059050, various US states engage in trade with exporting US states. The specific states involved in this trade can vary depending on market demand, availability of raw materials, and economic factors.
Overall, HS Code 38059050 plays a crucial role in classifying and regulating the trade of terpenic oils, dipentene, turpentine, and other forms of crude para-cymene. Understanding this code and its associated duty rates and tariff preference programs is essential for importers, exporters, and policymakers involved in the global trade of these products.