Organic composite solvents and thinners are essential in various industries for cleaning, diluting, or dissolving substances. HS Code 38140020 specifically refers to organic composite solvents and thinners that contain more than 25 percent by weight of one or more aromatic substances. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. We will also discuss the importing and exporting states within the United States.
The product described under HS Code 38140020 encompasses organic composite solvents and thinners. These solvents and thinners are composed of various organic compounds and are widely used in industries such as paints, coatings, adhesives, and cleaning agents. What makes these solvents and thinners unique is their composition, which contains more than 25 percent by weight of one or more aromatic substances.
The bound or Most Favored Nation (MFN) duty rate for HS Code 38140020 is 6.5%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It is important to note that when a country reduces import duties for a specific product, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
The quantity unit for HS Code 38140020 is kilograms (KG). This unit of measurement provides a standardized way to quantify the weight of organic composite solvents and thinners being imported or exported. Kilograms allow for accurate tracking and documentation of the quantity of goods involved in international trade.
HS Code 38140020 is eligible for various special tariff preference programs. These programs provide specific benefits or exemptions from import duties for qualifying countries. The special tariff preference programs applicable to this HS code are as follows:
These special tariff preference programs aim to promote economic cooperation and trade between countries by reducing or eliminating import duties on specific products.
When it comes to HS Code 38140020, there are several importing and exporting states within the United States. The following states are involved in the import and export of organic composite solvents and thinners:
These states play a significant role in facilitating the trade of HS Code 38140020 products, ensuring their availability to various industries across the country.
HS Code 38140020 covers organic composite solvents and thinners containing more than 25 percent by weight of one or more aromatic substances. This article provided an extensive overview of the HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting states within the United States. Understanding the details of HS Code 38140020 is crucial for businesses involved in the trade of organic composite solvents and thinners.