HS Code 48111021 refers to tarred, bituminized or asphalted paper and paperboard, which are either in strips or rolls not exceeding 15 cm in width or in rectangular sheets not elsewhere specified or included. This article aims to provide an educational overview of this particular HS code, including its product description, duty rates, quantity unit, and information on special tariff preference programs.
Tarred, bituminized or asphalted paper and paperboard covered under HS Code 48111021 are commonly used for various purposes due to their unique properties. They are typically manufactured by impregnating paper or paperboard with bitumen or asphalt, providing them with qualities such as water resistance, durability, and heat insulation.
These products are available in the form of strips or rolls, not exceeding 15 cm in width, or rectangular sheets. They are utilized in a wide range of industries, including construction, roofing, packaging, and insulation. The specific applications may vary, but the fundamental purpose is to provide a protective barrier against moisture, chemicals, and other external factors.
The bound or most-favored-nation (MFN) duty rate for HS Code 48111021 is free. This means that no duty is imposed on these goods when they are imported or exported. The MFN principle ensures that a country must extend the same trade barrier reductions or market access opportunities to all its trading partners for the same goods or services.
By maintaining a duty-free status, countries encourage the import and export of tarred, bituminized or asphalted paper and paperboard. This facilitates international trade and promotes economic growth, as businesses can access these materials without incurring additional costs in the form of import duties.
The quantity unit for HS Code 48111021 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported tarred, bituminized or asphalted paper and paperboard. It enables accurate calculation of quantities for customs purposes and ensures consistency in international trade transactions.
Special tariff preference programs can provide additional benefits for imports or exports falling under HS Code 48111021. These programs are designed to promote trade between specific countries or regions by offering reduced or zero-duty rates.
One example of such a program is the Generalized System of Preferences (GSP), which is implemented by various countries, including the United States. Under GSP, eligible products from beneficiary developing countries enjoy preferential treatment, including lower or zero duty rates. Tarred, bituminized or asphalted paper and paperboard from these countries may qualify for GSP benefits, thereby enhancing their competitiveness in the global market.
It is important for importers and exporters to familiarize themselves with the specific requirements and eligibility criteria of such programs to take full advantage of the potential tariff savings and market access opportunities they offer.
HS Code 48111021 pertains to tarred, bituminized or asphalted paper and paperboard. This article has provided an extensive overview of the product description, duty rates, quantity unit, and information on special tariff preference programs. Understanding these details can help businesses navigate international trade regulations and make informed decisions regarding the import or export of these materials.