When it comes to international trade, it is important to have a standardized system for classifying goods. This is where the Harmonized System (HS) Code comes into play. The HS Code is an internationally recognized code used to classify products for customs and statistical purposes. In this article, we will explore the HS Code 68079000, which relates to articles of asphalt or similar material, not in rolls.
The product description for HS Code 68079000 specifies that it includes articles made of asphalt or materials similar to asphalt. These articles are not in the form of rolls, indicating that they are in a different form or shape. This can include various asphalt products such as tiles, blocks, or other construction materials.
When it comes to importing or exporting goods classified under HS Code 68079000, it is important to be aware of the associated duty rates. The bound or Most Favored Nation (MFN) duty rate for this HS Code is 2.7%. The MFN duty rate is the rate applied to a product when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.
The quantity unit for HS Code 68079000 is kilograms (KG). This unit of measurement is used to determine the weight of the articles being imported or exported. It is important to accurately measure the weight of the goods to ensure compliance with customs regulations.
There are also special tariff preference programs that may apply to goods classified under HS Code 68079000. These programs provide certain countries with preferential treatment in terms of duty rates. For this HS Code, the following countries are eligible for special tariff preferences: Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States.
Each of these countries has specific agreements or programs in place that allow for duty-free treatment or special rates for goods classified under HS Code 68079000. These programs aim to promote trade and economic cooperation between the participating countries.
Importing and exporting goods classified under HS Code 68079000 can occur between various states within the United States. The exporting and importing states are not specified in the provided data, but it is important to consider the domestic trade dynamics when engaging in international trade.
HS Code 68079000 relates to articles of asphalt or similar material, not in rolls. It is essential to be familiar with the associated duty rates, quantity unit, and special tariff preference programs when importing or exporting goods under this HS Code. Understanding the HS Code system facilitates international trade and ensures compliance with customs regulations.