The HS Code 29042010 refers to the product p-Nitrotoluene. In this article, we will delve into the details of this chemical compound, its uses, and the regulations surrounding its import and export. Let's explore this fascinating substance together.
p-Nitrotoluene is a chemical compound that falls under the category of aromatic compounds. It is often used as an intermediate in the production of various chemicals, including dyes, pigments, pharmaceuticals, and pesticides. The compound consists of a benzene ring with a nitro group (-NO2) attached to the para position of a methyl group (-CH3). Its molecular formula is C7H7NO2.
The HS Code 29042010 specifically identifies p-Nitrotoluene for import and export purposes. HS codes are used globally to classify products for customs and statistical purposes. Each HS code represents a specific product or category, ensuring standardized trade procedures across different countries.
The bound / MFN (Most Favored Nation) duty rate for p-Nitrotoluene is 5.5%. This means that whenever a country reduces trade barriers or opens up its market, it must apply the same duty rate to all its trading partners for this product. The duty rate is calculated based on the value of the imported goods and helps protect domestic industries and generate revenue for the government.
The quantity unit for p-Nitrotoluene is kilograms (KG). This measurement is used to determine the weight or quantity of the product being imported or exported. It provides a standardized unit of measurement for trade purposes, ensuring accurate calculations and documentation.
p-Nitrotoluene enjoys certain tariff preference programs, offering favorable treatment in specific countries. These programs aim to promote trade and economic growth among countries. Here are some of the special tariff preference programs applicable to p-Nitrotoluene:
When it comes to importing p-Nitrotoluene into the United States, any state can engage in this trade. Similarly, exporting p-Nitrotoluene from the United States is not restricted to any specific state. However, it is essential to comply with all applicable laws, regulations, and licensing requirements to ensure a smooth and legal trade process.
the HS Code 29042010 represents p-Nitrotoluene, a chemical compound widely used in various industries. Understanding the regulations, tariff rates, and special preferences associated with this HS code is crucial for businesses engaged in its import and export. By adhering to these guidelines, companies can navigate the global market and contribute to the growth of their respective industries.