HS Code 38159010: Reaction Initiators, Reaction Accelerators, and Catalytic Preparations
Reaction initiators, reaction accelerators, and catalytic preparations are essential components in various industrial processes. These substances play a crucial role in initiating and speeding up chemical reactions, leading to improved efficiency and productivity. HS Code 38159010 specifically refers to reaction initiators, reaction accelerators, and catalytic preparations that are composed entirely of bismuth, tungsten, or vanadium.
The HS Code system is an internationally recognized classification system used to categorize and identify goods traded between countries. This code ensures uniformity and consistency in trade across different nations. By using the HS Code 38159010, importers and exporters can easily identify and classify goods related to these specific reaction initiators, reaction accelerators, and catalytic preparations.
The bound or most-favored-nation (MFN) duty rate for HS Code 38159010 is 6.5%. This rate is levied on these goods whenever a country reduces trade barriers or opens up its market. The MFN principle requires that any trade benefits or concessions granted to one trading partner must be extended to all other trading partners for the same goods or services. This promotes fair and non-discriminatory trade practices.
HS Code 38159010 measures the quantity of these reaction initiators, reaction accelerators, and catalytic preparations in kilograms (KG). This unit of measurement helps ensure accurate and standardized quantities for trade purposes. Importers and exporters can easily calculate and determine the appropriate amount of goods based on this unit of measurement.
Additionally, there are special tariff preference programs associated with HS Code 38159010. These programs allow certain countries to receive preferential treatment or duty-free access for goods falling under this HS Code. The countries eligible for such programs include Australia, Bahrain, Canada (under NAFTA), Chile, European Union member states, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and select countries under the Caribbean Basin Initiative (CBI) and Andean Trade Preference Act (ATPA).
When importing goods under HS Code 38159010 to the United States, the exporting states may vary. However, some of the states frequently engaged in trade of these goods include Illinois, New Jersey, Oklahoma, North Carolina, Alabama, and Maryland. These states contribute to the importation of reaction initiators, reaction accelerators, and catalytic preparations, ensuring the availability of these essential substances for various industries within the United States.
HS Code 38159010 covers reaction initiators, reaction accelerators, and catalytic preparations made entirely of bismuth, tungsten, or vanadium. This code facilitates the classification, import, and export of these goods by providing a standardized system for their identification. The 6.5% MFN duty rate applies to these goods, while the quantity is measured in kilograms (KG). Special tariff preference programs offer certain countries duty-free access or preferential treatment. Importing US states for HS Code 38159010 include Illinois, New Jersey, Oklahoma, North Carolina, Alabama, and Maryland.
More on HS code 38159010
