When it comes to international trade, it is important to have a standardized system for classifying goods. This is where the Harmonized System (HS) code comes into play. HS codes are used globally to categorize and identify different products for import and export purposes. Each HS code is unique and represents a specific product or group of products.
In this article, we will be focusing on HS code 38123090, which relates to antioxidizing preparations and other compound stabilizers for rubber or plastics, not elsewhere specified or included (NESOI). Let's delve deeper into what this HS code entails.
Product Description: Antioxidizing preparations and other compound stabilizers for rubber or plastics, NESOI
This HS code refers to preparations that are used to prevent or delay the oxidation and degradation of rubber or plastics. These preparations contain compounds that act as stabilizers, ensuring the longevity and durability of rubber or plastic materials.
Bound/MFN Duty Rate: 5%
The bound or most-favored-nation (MFN) duty rate for HS code 38123090 is set at 5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 5% to all its trading partners for the importation of antioxidizing preparations and other compound stabilizers for rubber or plastics.
Quantity Unit: Kilograms (KG)
The quantity unit for HS code 38123090 is kilograms (KG). This unit of measurement is used to determine the weight of the import or export of antioxidizing preparations and other compound stabilizers for rubber or plastics.
Special Tariff Preference Programs:
These tariff preference programs provide various benefits and exemptions for importers and exporters of antioxidizing preparations and other compound stabilizers for rubber or plastics. It is important for businesses to understand and utilize these programs to optimize their trade operations.
Importing US States: Illinois, New Jersey, Oklahoma
HS code 38123090 is commonly imported by the states of Illinois, New Jersey, and Oklahoma in the United States. These states have a demand for antioxidizing preparations and other compound stabilizers for rubber or plastics, possibly due to their thriving rubber and plastics industries.
HS code 38123090 represents antioxidizing preparations and other compound stabilizers for rubber or plastics, NESOI. It is important for businesses and individuals involved in international trade to be familiar with this HS code and its associated details, such as the bound/MFN duty rate, quantity unit, special tariff preference programs, and the importing US states. Understanding these aspects will help facilitate smooth and compliant trade transactions.