When it comes to international trade, it is essential to have a standardized system that categorizes and identifies goods. This system is known as the Harmonized System (HS) code. Each product is assigned a unique HS code, which allows customs authorities worldwide to classify and regulate imports and exports. In this article, we will explore the HS code 38063000, specifically focusing on its product description, duty rates, quantity unit, and special tariff preference programs.
HS code 38063000 corresponds to Ester Gums. Ester gums are substances derived from the esterification of natural resins or polymers. They are commonly used in various industries such as food, pharmaceuticals, and cosmetics. Ester gums find applications as stabilizers, emulsifiers, and binders due to their adhesive properties and ability to improve viscosity.
When importing goods with HS code 38063000, a bound or Most Favored Nation (MFN) duty rate of 6.5% applies. The MFN duty rate 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. It promotes fair trade practices and equal treatment among nations.
The quantity unit for HS code 38063000 is kilograms (KG). This means that the weight of the imported or exported Ester Gums is measured in kilograms. It is crucial for accurate documentation and valuation purposes during international trade transactions.
HS code 38063000 is eligible for various special tariff preference programs. These programs provide preferential treatment or duty-free access to specific countries or regions. Here are some notable programs applicable to Ester Gums:
These special tariff preference programs aim to promote trade, encourage economic cooperation, and enhance bilateral or regional relationships between participating countries.
HS code 38063000 applies to both importing and exporting activities in the United States. Ester Gums can be imported from various countries or exported to different destinations within the US. Importers and exporters must comply with the necessary customs procedures, documentation, and regulations to ensure smooth trade operations.
HS code 38063000 represents Ester Gums, which are versatile substances used in various industries. Importers and exporters dealing with Ester Gums should be aware of the duty rates, quantity unit, and relevant special tariff preference programs. Understanding these aspects will facilitate international trade transactions and open up opportunities for business growth.