Hydraulic brake fluids and transmission fluids are essential components in the automotive industry, ensuring the smooth operation of vehicles' braking and transmission systems. HS Code 38190000 specifically refers to these fluids that contain less than 70% by weight of petroleum oils or bituminous mineral oils.
When it comes to international trade, understanding the HS code and its implications is crucial. The HS code acts as a universal classification system for products, facilitating customs procedures and tariff regulations. In the case of HS Code 38190000, it helps identify and categorize hydraulic brake and transmission fluids.
One important aspect of the HS code is the bound or most-favored-nation (MFN) duty rate. For HS Code 38190000, the bound duty rate is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% to these fluids from all its trading partners. This promotes fair and equal treatment in international trade.
The quantity unit for measuring hydraulic brake and transmission fluids is kilograms (KG). This unit is universally recognized and allows for accurate measurements during import and export transactions. It ensures consistency and standardization in trade documentation.
Special tariff preference programs further influence the import and export of products classified under HS Code 38190000. Some countries offer preferential treatment, such as duty-free access or reduced tariffs, to specific trading partners. Here are some notable special tariff preference programs for hydraulic brake and transmission fluids:
These special tariff preference programs aim to promote economic cooperation and development between countries. They offer various benefits to eligible trading partners, encouraging trade and fostering stronger relationships.
Now, let's take a look at the specific importing and exporting US states for hydraulic brake and transmission fluids:
These states play a significant role in the import and export of hydraulic brake and transmission fluids. They contribute to the overall trade volume and economic growth in the United States.
HS Code 38190000 pertains to hydraulic brake and transmission fluids with specific characteristics. Understanding the HS code, its bound duty rate, quantity unit, and special tariff preference programs is essential for both importers and exporters. It ensures compliance with customs regulations, promotes fair trade practices, and facilitates the smooth flow of goods across international borders.