HS Code 48111011 refers to the classification of tarred, bituminized, or asphalted paper and paperboard. This specific HS code is used to identify goods that fall under this category when they are imported or exported.
The product description for HS Code 48111011 is as follows: Tarred, bituminized or asphalted paper & paperboard, in strip/roll over 15cm wide or rectangular sheet with a side over 36cm and other over 15cm when unfolded.
When it comes to trade, HS codes are essential for customs authorities and traders as they help in the identification and classification of goods. They provide a standardized system for categorizing products, making it easier for countries to regulate and track international trade.
The bound / MFN (Most Favored Nation) duty rate for HS Code 48111011 is free. This means that there are no additional duties or tariffs imposed on this specific product when it is imported or exported. The MFN principle states 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 ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 48111011 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods. It is important for accurate record-keeping and calculation of duties and taxes.
There are also special tariff preference programs that may be applicable to HS Code 48111011. These programs provide certain benefits or concessions to specific countries or regions, encouraging trade and economic cooperation. The details of these programs vary from country to country, and it is important for traders to be aware of any applicable preferences or advantages.
When importing or exporting goods classified under HS Code 48111011, it is important to consider the specific requirements and regulations of both the importing and exporting countries. Customs documentation, labeling, packaging, and other trade-related procedures must be followed to ensure smooth and compliant trade transactions.
HS Code 48111011 is used to identify and classify tarred, bituminized, or asphalted paper and paperboard. Understanding the HS code and its associated details is essential for international traders to comply with customs regulations and ensure smooth trade operations.