HS Code 68029120: Monumental or Building Stone & Arts Thereof, of Travertine
Monumental or building stone and arts thereof, of travertine, dressed or polished but not further worked, falls under the HS code 68029120. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS code, including the product description, the bound/MFN duty rate, quantity unit, and special tariff preference programs.
Product Description:
Under HS code 68029120, the product being described is monumental or building stone and arts thereof, made from travertine. Travertine is a type of natural stone that is commonly used for construction purposes due to its durability and aesthetic appeal. The stone is dressed or polished, but it is not further worked, meaning it has not undergone any additional processing or shaping.
Bound/MFN Duty Rate:
The bound/MFN duty rate for products classified under HS code 68029120 is 4.2%. The bound rate refers to the maximum tariff rate that a country can impose on imports of a particular product. The Most Favored Nation (MFN) duty rate is the rate applied to imports from all trading partners. Whenever 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. This principle ensures fair and equal treatment in international trade.
Quantity Unit:
The quantity unit for HS code 68029120 is metric tons (T). This unit of measurement is used to determine the weight of the imported or exported products. Metric tons are commonly used in international trade to provide a standardized measurement for calculating shipping costs and tracking trade statistics.
Special Tariff Preference Programs:
Certain countries enjoy special tariff preference programs for products classified under HS code 68029120. These programs grant preferential treatment to eligible countries, including duty-free or reduced-duty rates. The countries that have special tariff preferences for this HS code are:
- Australia (A*)
- Bahrain
- Canada (NAFTA)
- Chile
- European Union (EU)
- Israel
- Japan
- Jordan
- Morocco
- Mexico (NAFTA)
- Oman
- Peru
- Singapore
These countries have specific agreements or trade arrangements with the United States that allow for the preferential treatment of imports under HS code 68029120. This can provide cost advantages and market access opportunities for exporters and importers from these countries.
Importing and Exporting US States:
HS code 68029120 applies to imports and exports between various states in the United States. The specific states involved in the import and export of monumental or building stone and arts thereof, made from travertine, can vary depending on market demand and supply. However, some of the common importing and exporting US states for this HS code include:
- California
- Texas
- Florida
- New York
- Illinois
- Pennsylvania
- Ohio
- Georgia
- North Carolina
- Michigan
These states have significant construction and architectural industries, which drive the demand for monumental or building stone made from travertine. They import and export these products to cater to the needs of construction projects and artistic applications.
HS code 68029120 classifies monumental or building stone and arts thereof, made from travertine, which are dressed or polished but not further worked. This code helps identify and regulate the international trade of these products. Understanding the details of this HS code, including the product description, duty rates, quantity unit, and special tariff preference programs, is essential for businesses and individuals involved in the import and export of these goods.
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