The HS Code 44072700 refers to sapelli wood that is sawn or chipped lengthwise, sliced or peeled, and is over 6 mm thick. This code is used to classify and identify the specific characteristics of this type of wood for international trade purposes.
Sapelli wood, also known as sapele wood, is highly valued for its durability, attractive appearance, and versatility. It is commonly used in the construction industry for various applications, including flooring, furniture, cabinetry, and decorative veneers.
The product description for HS Code 44072700 states that the sapelli wood is sawn or chipped lengthwise, sliced, or peeled, and it should have a thickness exceeding 6 mm. This description provides the necessary details for customs officials and traders to accurately identify and classify the product.
The bound / MFN duty rate for HS Code 44072700 is free. This means that when 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 free duty rate encourages international trade and promotes fair competition among countries.
The quantity unit for HS Code 44072700 is cubic meters (M3). This unit of measurement is used to determine the volume of sapelli wood being imported or exported. It ensures accurate calculations and standardization of quantities for trade purposes.
HS Code 44072700 is eligible for various special tariff preference programs, providing preferential treatment and duty-free access to certain countries. The following countries have special rates or are included in specific trade preference programs:
These special tariff preference programs aim to promote economic cooperation, enhance market access, and foster trade relationships between countries.
The following US states are known for importing sapelli wood under HS Code 44072700:
These states have recognized the value and quality of sapelli wood and have become significant importers of this product.
On the other hand, West Virginia is an exporting US state for sapelli wood under HS Code 44072700. This indicates that West Virginia has the resources and capabilities to produce and supply sapelli wood to other states or countries.
Overall, HS Code 44072700 plays a crucial role in facilitating international trade of sapelli wood. Its detailed product description, duty rates, special tariff preference programs, and import-export information provide essential guidelines and transparency for traders, customs officials, and other stakeholders in the global wood industry.