The HS Code 38231920 refers to industrial monocarboxylic fatty acids or acid oils derived from the refining process of coconut, palm-kernel, or palm oil. This code is used to classify and track the import and export of this specific product. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs. We will also discuss the importing and exporting US states for this product.
Industrial monocarboxylic fatty acids or acid oils are a type of chemical compound used in various industries. They are derived from the refining process of coconut, palm-kernel, or palm oil. These acids or oils play a crucial role in the production of soaps, detergents, cosmetics, lubricants, and other industrial applications. The HS Code 38231920 specifically covers this product, ensuring accurate classification and tracking in international trade.
The bound or most-favored-nation (MFN) duty rate for HS Code 38231920 is 2.3%. 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 2.3% is applied to the value of the imported industrial monocarboxylic fatty acids or acid oils. Importers are required to pay this duty to the customs authorities of the importing country.
The quantity unit for HS Code 38231920 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported industrial monocarboxylic fatty acids or acid oils. It helps in calculating the quantity of the product being traded and assists in customs clearance procedures.
Several special tariff preference programs are applicable to HS Code 38231920. These programs provide specific benefits or exemptions from duty rates for eligible countries. The following countries or regions enjoy preferential treatment for the importation of industrial monocarboxylic fatty acids or acid oils:
For importation of industrial monocarboxylic fatty acids or acid oils under HS Code 38231920, the following US states are involved:
These states engage in the importation of this product, indicating its demand and usage within their respective industries.
The following US states are involved in the exportation of industrial monocarboxylic fatty acids or acid oils under HS Code 38231920:
These exporting states contribute to the global supply of industrial monocarboxylic fatty acids or acid oils, showcasing their production capabilities and market reach.