The HS Code 29052250 refers to a specific product category known as Acyclic Terpene Alcohols, with the exception of Geraniol and Isophytol. This code is used to classify and identify these substances for international trade purposes. In this article, we will explore the features, uses, and regulations associated with this HS Code in detail.
Acyclic Terpene Alcohols are a type of organic compound that belongs to the terpene family. These alcohols are derived from various plant sources and are known for their distinctive odor and flavor. Examples of acyclic terpene alcohols include linalool, farnesol, and nerol. However, it is important to note that geraniol and isophytol are excluded from this particular HS Code.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29052250 is 4.8%. This means that whenever a country lowers a trade barrier or opens up its market, it must apply the same duty rate of 4.8% to all goods or services falling under this HS Code. This rate ensures fairness and equal treatment for all trading partners.
The quantity unit specified for the import or export of products classified under HS Code 29052250 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of acyclic terpene alcohols being traded between countries.
There are several special tariff preference programs associated with HS Code 29052250. These programs offer certain countries preferential treatment in terms of duty rates. The following countries enjoy duty-free treatment under specific circumstances:
These countries enjoy duty-free treatment or special rates based on specific trade agreements such as NAFTA, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), or the Agreement on Trade in Pharmaceutical Products.
When it comes to importing, the following US states are known to receive shipments classified under HS Code 29052250:
On the other hand, the following US state(s) are known to export products falling under this HS Code:
This indicates that there is a demand for acyclic terpene alcohols in Louisiana, and it serves as a key exporter of these products.
HS Code 29052250 plays a crucial role in the classification, regulation, and international trade of acyclic terpene alcohols, excluding geraniol and isophytol. Understanding the various aspects of this HS Code is essential for businesses and policymakers involved in the import and export of these substances.