Palm Fatty Acid Distillate - HS Code 99021132
- Product description: Palm Fatty Acid Distillate (in subheading 3823.19.20)
- Bound / MFN duty rate: 1.2%
- Quantity unit: Not available (NA)
Palm Fatty Acid Distillate (HS Code 99021132) is a product that falls under the subheading 3823.19.20. This article will provide an extensive overview of this product, its classification under the Harmonized System (HS), and relevant information regarding its import and export.
HS codes are internationally recognized product classification codes used to standardize the identification of traded goods. The HS Code 99021132 specifically refers to Palm Fatty Acid Distillate. This product is derived from the refining of crude palm oil and is commonly used in various industries, including food, cosmetics, and biodiesel production.
The Bound / MFN (Most Favored Nation) duty rate for Palm Fatty Acid Distillate is 1.2%. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that all trading partners receive the same treatment for the same goods or services.
Unfortunately, specific information about the quantity unit for Palm Fatty Acid Distillate is not available (NA). However, it is typically traded in standardized units such as metric tons or kilograms.
In addition to the duty rate, it is essential to consider special tariff preference programs that may apply to Palm Fatty Acid Distillate. These programs are designed to promote trade and provide certain benefits or exemptions to eligible importers or exporters. Companies should explore these programs to reduce costs and remain competitive in the market.
When importing Palm Fatty Acid Distillate into the United States, it is crucial to be aware of the specific regulations and requirements imposed by individual states. Different states may have varying regulations concerning the importation of this product. Therefore, it is advisable to consult the relevant authorities or seek professional advice to ensure compliance with all applicable regulations.
Similarly, when exporting Palm Fatty Acid Distillate from the United States, exporters should consider the regulations and requirements of the destination country. Familiarizing oneself with the import regulations of the target market is essential to avoid any potential barriers or delays in the export process.
Palm Fatty Acid Distillate (HS Code 99021132) is a versatile product with various applications in industries such as food, cosmetics, and biodiesel production. Its classification under the HS system ensures standardized identification and facilitates international trade. Importers and exporters should be aware of the specific duty rates, special tariff preference programs, and any state-specific regulations when dealing with this product. By staying informed and compliant, businesses can effectively navigate the global market and optimize their trading activities.
More on HS code 99021132
