When it comes to international trade, the Harmonized System (HS) codes are essential in classifying products for customs purposes. HS Code 68071000 specifically refers to articles made of asphalt or similar material, presented in the form of rolls.
These articles have various applications in industries such as construction, road maintenance, and waterproofing. They are commonly used for purposes like roofing, insulation, and damp-proofing. Asphalt rolls provide an effective and durable solution for protecting structures and ensuring their longevity.
Under the World Trade Organization (WTO), countries are encouraged to lower trade barriers and open up their markets. The bound duty rate for HS Code 68071000 is set at zero. This means that every time a country reduces its trade barriers or opens its market, it must do so for all trading partners, allowing duty-free access to articles of asphalt or similar material in rolls.
When importing or exporting products, it is important to understand the quantity unit. For HS Code 68071000, the quantity unit is kilograms (KG). This unit of measurement helps in accurately determining the weight and quantity of the articles during trade transactions.
Several special tariff preference programs exist that provide additional benefits for importing and exporting countries. For HS Code 68071000, the following special tariff preference programs are applicable:
These special tariff preference programs provide various trade benefits such as reduced or zero-duty rates and preferential market access for countries participating in these programs. Importers and exporters dealing with articles of asphalt or similar material in rolls should explore these programs to optimize their trade operations.
HS Code 68071000 applies to trade between various US states. Importing US states and exporting US states may include:
Understanding the specific states involved in the trade of these articles can help businesses identify potential partners and streamline their supply chains.
HS Code 68071000 encompasses articles made of asphalt or similar material presented in rolls. These articles find applications in construction, road maintenance, and waterproofing. With a bound duty rate of zero and special tariff preference programs available, importers and exporters can benefit from reduced or duty-free treatment. By understanding the quantity unit and the specific importing and exporting US states, businesses can effectively navigate the trade of these articles and optimize their operations.