Polyethylene Terephthalate (PET) is a type of plastic that is commonly used in various applications due to its excellent properties. It is a strong, lightweight, and transparent material that is widely used in the production of bottles, containers, packaging materials, and textiles.
HS Code 39076000 specifically refers to PET in its primary form, which means it is in its raw state before being processed into final products. This code is used for international trade purposes to classify and track the import and export of PET.
When importing PET under HS Code 39076000, the bound/MFN duty rate is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applicable to all countries unless specified under special tariff preference programs.
The quantity unit for PET under HS Code 39076000 is kilograms (KG). This unit is used to measure the weight of the imported or exported PET.
There are several special tariff preference programs that offer duty-free treatment for PET under HS Code 39076000. These programs include:
When it comes to importing PET under HS Code 39076000 to the United States, the data shows that the state of Delaware is the main destination. On the other hand, the exporting US states for PET are Arkansas, Kentucky, Louisiana, Texas, Rhode Island, West Virginia, Delaware, and Georgia. This indicates that there is a significant domestic production and trade of PET within the United States.
Overall, HS Code 39076000 plays a crucial role in facilitating international trade for PET in its primary form. It provides a standardized classification system, duty rates, and special tariff preference programs to ensure fair and efficient trade practices. Understanding the HS Code is essential for importers, exporters, and regulatory authorities involved in the PET industry.