HS Code 29029010 - Pseudocumene
Pseudocumene, categorized under HS code 29029010, is a chemical compound primarily used in the production of various industrial products. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
Product Description: Pseudocumene, also known as 1,2,4-trimethylbenzene, is an organic compound with the molecular formula C9H12. It is a colorless liquid with a strong aromatic odor. Pseudocumene is primarily used as a solvent in the manufacturing process of various chemical products, including paints, coatings, adhesives, and rubber.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS code 29029010 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate promotes fair and equal trade among nations.
Quantity Unit: The quantity unit for HS code 29029010 is measured in kilograms (KG). This unit of measurement helps in determining the weight or mass of the pseudocumene being imported or exported.
Special Tariff Preference Programs: Pseudocumene under HS code 29029010 is eligible for several special tariff preference programs. These programs provide certain countries with preferential treatment or duty-free access to the pseudocumene market. The countries and programs include:
- Generalized System of Preferences (GSP): Provides duty-free treatment globally.
- Australia Special Rate: Grants duty-free treatment for pseudocumene imports from Australia.
- Bahrain Special Rate: Grants duty-free treatment for pseudocumene imports from Bahrain.
- NAFTA for Canada: Provides duty-free treatment for pseudocumene imports from Canada under the North American Free Trade Agreement.
- Chile Special Rate: Grants duty-free treatment for pseudocumene imports from Chile.
- Caribbean Basin Initiative (CBI): Provides duty-free treatment for pseudocumene imports from eligible Caribbean countries.
- Israel Special Rate: Grants duty-free treatment for pseudocumene imports from Israel.
- Andean Trade Preference Act (ATPA): Provides duty-free treatment for pseudocumene imports from eligible Andean countries.
- Jordan Special Rate: Grants duty-free treatment for pseudocumene imports from Jordan.
- Morocco Special Rate: Grants duty-free treatment for pseudocumene imports from Morocco.
- NAFTA for Mexico: Provides duty-free treatment for pseudocumene imports from Mexico under the North American Free Trade Agreement.
- Oman Special Rate: Grants duty-free treatment for pseudocumene imports from Oman.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment for pseudocumene imports from eligible DR-CAFTA countries.
- Peru Special Rate: Grants duty-free treatment for pseudocumene imports from Peru.
- Singapore Special Rate: Grants duty-free treatment for pseudocumene imports from Singapore.
Importing US States: Pseudocumene is imported by several US states, including Montana, Utah, Wyoming, West Virginia, and Louisiana. These states have a demand for pseudocumene in various industries, such as chemical manufacturing, paints, and coatings.
Exporting US States: The major exporting US states for pseudocumene include Montana, North Dakota, Pennsylvania, Louisiana, and Texas. These states have significant production facilities and supply pseudocumene to domestic and international markets.
HS code 29029010 represents pseudocumene, a chemical compound used in various industrial applications. This article provided an extensive overview of the HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states. Understanding the details of HS codes is essential for businesses and traders involved in international trade to comply with customs regulations and benefit from preferential trade programs.
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