The HS Code 68129900 represents a specific category of products: articles made of asbestos, excluding crocidolite or mixtures with a basis of crocidolite. This code is used for classification and identification purposes in international trade. Let's explore the details of this HS code and its implications for importers and exporters.
Bound / MFN duty rate: The bound or most-favored-nation (MFN) duty rate for products under HS Code 68129900 is free. This means that there are no import duties or tariffs imposed on these products when they enter a country. This encourages trade by eliminating barriers and ensuring equal treatment for all trading partners.
Quantity unit: The specific quantity unit for products classified under HS Code 68129900 is not available (NA). This implies that the quantity of these articles is not specified by a specific unit of measurement. The quantity may vary depending on the nature and size of the articles.
Special tariff preference programs: Several countries offer special tariff preferences for products classified under HS Code 68129900. These preferences include duty-free treatment or reduced tariffs for importers. The countries offering such preferences include Australia (Special Rate), Bahrain (Special Rate), Canada (NAFTA - duty-free treatment), Chile (Special Rate), Germany (Duty-free treatment), Israel (Special Rate - duty-free treatment), Jordan (Special Rate), Morocco (Special Rate), Mexico (NAFTA - duty-free treatment), Oman (Special Rate), Dominican Republic-Central America (DR-CAFTA), Peru (Special Rate), and Singapore (Special Rate).
Importing US states and Exporting US states: The HS Code 68129900 applies to both importing and exporting activities involving the United States. Importing states refer to the states within the US where these articles are being brought in, while exporting states refer to the states within the US where these articles originate from and are being shipped out to other countries.
Asbestos is a mineral with unique heat-resistant properties, making it suitable for various applications. However, it is important to note that asbestos has been identified as a hazardous material, particularly when inhaled as fine particles. Many countries have implemented strict regulations and safety measures to control the use and handling of asbestos-containing products.
When dealing with products classified under HS Code 68129900, it is crucial for importers and exporters to comply with national and international regulations regarding the use, transportation, and disposal of asbestos-containing articles. This ensures the safety of workers, consumers, and the environment.
HS Code 68129900 represents articles made of asbestos, excluding crocidolite or mixtures with a basis of crocidolite. This code is used for proper classification and identification of these products in international trade. Understanding the details of this HS code, including the duty rates, special tariff preferences, and safety considerations, is essential for importers and exporters dealing with asbestos-containing articles.