HS Code 29011030: All You Need to Know About n-Pentane and Isopentane

The HS Code 29011030 refers to n-Pentane and isopentane, two important chemicals used in various industries. In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, and the states involved in importing and exporting these chemicals.

Product Description

n-Pentane and isopentane are hydrocarbon compounds with five carbon atoms. They are colorless liquids with a strong odor. These chemicals are primarily used as solvents, blowing agents in foam manufacturing, and as raw materials in the production of plastics, resins, and synthetic rubber.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 29011030 is free. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty-free treatment for n-Pentane and isopentane from all its trading partners. This promotes fair and equal trade among nations.

Quantity Unit

The quantity unit for HS Code 29011030 is kilograms (KG). This measurement is used to determine the weight of n-Pentane and isopentane being imported or exported.

Special Tariff Preference Programs

HS Code 29011030 is eligible for various special tariff preference programs, providing duty-free treatment or special rates for certain countries. The programs applicable to n-Pentane and isopentane are as follows:

Generalized System of Preferences (GSP) - Duty-free treatment
Australia Special Rate
Bahrain Special Rate
NAFTA for Canada - Duty-free treatment
Chile Special Rate
Caribbean Basin Initiative (CBI)
Israel Special Rate - Duty-free treatment
Andean Trade Preference Act (ATPA)
Jordan Special Rate
Morocco Special Rate
NAFTA for Mexico
Oman Special Rate
Dominican Republic-Central American Special Rate (DR-CAFTA)
Peru Special Rate
Singapore Special Rate

These special tariff preference programs aim to promote economic development and trade cooperation between countries by reducing or eliminating import duties on n-Pentane and isopentane.

Importing US States

The following US states are involved in importing n-Pentane and isopentane:

Montana
Utah
Wyoming

Exporting US States

The following US states are involved in exporting n-Pentane and isopentane:

Montana
North Dakota
Pennsylvania

These states play a crucial role in the trade of n-Pentane and isopentane, both as importers and exporters.

HS Code 29011030 encompasses the chemicals n-Pentane and isopentane, which have significant industrial applications. Understanding the product description, duty rates, special tariff preference programs, and the states involved in importing and exporting these chemicals is essential for businesses and policymakers involved in international trade.