The Harmonized System (HS) Code 38249075 refers to a specific classification for Naphthenic acids, their water-insoluble salts, and their esters. This article aims to provide an educational overview of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Naphthenic acids are organic compounds that consist of a mixture of carboxylic acids obtained from petroleum fractions. They are often used in various industrial applications, including lubricants, corrosion inhibitors, and additives in oil refining processes. The water-insoluble salts and esters of naphthenic acids are derived from these acids and have their own unique properties and uses.
The bound or Most Favored Nation (MFN) duty rate for HS Code 38249075 is 3.7%. 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 is applied to the declared value of the imported goods and is collected by the customs authorities.
The quantity unit for HS Code 38249075 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported naphthenic acids, their water-insoluble salts, and esters.
Several special tariff preference programs provide duty-free treatment for imports classified under HS Code 38249075. These programs aim to promote trade and economic cooperation between countries. The following countries and regions enjoy special tariff rates for this HS Code:
These special tariff preference programs aim to reduce or eliminate import duties for naphthenic acids, their water-insoluble salts, and esters originating from the countries or regions mentioned above. This can significantly benefit importers and exporters involved in trade with these countries.
HS Code 38249075 applies to imports and exports of naphthenic acids, their water-insoluble salts, and esters across various US states. The specific importing and exporting US states are not mentioned in the provided data. However, it is important to note that the HS Code classification is used internationally, and importers and exporters from all US states can utilize this code for their trade transactions.
HS Code 38249075 represents naphthenic acids, their water-insoluble salts, and their esters. This article provided an extensive overview of the HS Code, including its product description, bound or MFN duty rate, quantity unit, special tariff preference programs, and its applicability to import-export transactions in the United States.