Unsaturated monohydric alcohols, other than allyl alcohol or acyclic terpene alcohols, fall under the HS code 29052990. This code is used to classify and identify specific types of alcohols for international trade purposes. It is important for importers, exporters, and customs officials to understand this code in order to accurately categorize and process these products.
The HS code 29052990 specifically refers to unsaturated monohydric alcohols that do not include allyl alcohol or acyclic terpene alcohols. These alcohols are commonly used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing.
When it comes to trade barriers and market access, the bound or MFN (Most Favored Nation) duty rate for products under this HS code is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for products classified under HS code 29052990 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the goods being imported or exported.
There are also special tariff preference programs available for products under this HS code. These programs provide certain countries with preferential treatment or duty-free access to the market. The countries that currently enjoy these special tariff preferences for unsaturated monohydric alcohols (HS code 29052990) include:
When importing products classified under HS code 29052990 to the United States, certain states have been identified as major importers. These states include Alaska, Louisiana, and Montana. It is important for importers to be aware of any specific regulations or requirements imposed by these states in addition to federal regulations.
On the other hand, when exporting products classified under HS code 29052990 from the United States, Louisiana is a major exporting state. This indicates that there is a significant production or supply of unsaturated monohydric alcohols in Louisiana.
Understanding the HS code 29052990 and its implications is crucial for international trade. Importers, exporters, and customs officials must be familiar with this code to ensure accurate classification, proper duty rates, and compliance with any special tariff preference programs or regulations.