The HS Code 38070000 refers to products such as wood tar and its oils, wood creosote, wood naphtha, vegetable pitch, and preparations based on rosin, resin acids, or vegetable pitch. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The products covered under HS Code 38070000 are derived from wood and have various applications. Wood tar and its oils are obtained by the destructive distillation of wood, resulting in a dark, viscous liquid. Wood creosote is a byproduct of the carbonization of wood and is commonly used as a wood preservative. Wood naphtha is a volatile liquid obtained from the distillation of wood tar. Vegetable pitch is a dark, sticky substance derived from plants, often used in the manufacturing of varnishes and paints. Preparations based on rosin, resin acids, or vegetable pitch are products that contain these substances and are used in various industrial applications.
The bound and most-favored-nation (MFN) duty rate for HS Code 38070000 is 0.1%. This means that every time 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. The duty rate of 0.1% applies to the value of the imported products classified under this HS code.
The quantity unit for HS Code 38070000 is kilograms (KG). This means that the weight of the imported or exported products is measured in kilograms. It is important for traders and customs officials to accurately determine the weight of the goods to calculate duties and ensure compliance with trade regulations.
Several special tariff preference programs provide duty-free treatment for products classified under HS Code 38070000. These programs aim to promote trade and economic cooperation between countries. The following countries or regions offer special tariff rates for the importation of goods under this HS code:
These special tariff preference programs allow eligible countries to import products classified under HS Code 38070000 without paying any duties or with reduced duty rates. Importers should review the specific requirements and regulations of each program to determine their eligibility and take advantage of these preferential rates.
The importing and exporting of products under HS Code 38070000 occur between various US states. The specific states involved in these trade activities may vary based on market demand, availability of raw materials, and manufacturing capabilities. Some of the US states that are commonly involved in the importation and exportation of products classified under this HS code include:
These states play a crucial role in facilitating the trade of wood tar and its derivatives, contributing to the economic growth and development of the wood and chemical industries in the United States.
HS Code 38070000 covers a range of products derived from wood, including wood tar and its oils, wood creosote, wood naphtha, vegetable pitch, and preparations based on rosin, resin acids, or vegetable pitch. Traders and importers should be aware of the duty rates, special tariff preference programs, and quantity unit associated with this HS code to ensure compliance with trade regulations and take advantage of preferential rates. The importing and exporting of these products contribute to the economic activities of various US states and promote international trade and cooperation.