Neopentyl glycol is a chemical compound that falls under HS Code 29053920. This code is used internationally to classify and track the import and export of specific products. In this article, we will explore the details of this HS code and provide information on neopentyl glycol.
Product Description: Neopentyl glycol is a colorless crystalline solid that is commonly used in the production of polyesters, paints, and lubricants. It is a versatile compound that offers excellent thermal stability, low volatility, and good compatibility with other chemicals. Neopentyl glycol is also known for its resistance to degradations, making it a preferred choice in various industries.
Bound / MFN Duty Rate: The Bound / MFN duty rate for neopentyl glycol is 5.5%. This means that every time a country reduces trade barriers or opens up its market, it must apply this duty rate uniformly to all its trading partners for the same goods or services.
Quantity Unit: Neopentyl glycol is measured and traded in kilograms (KG). This unit is used to determine the quantity and price of the product in international trade transactions.
Special Tariff Preference Programs: Neopentyl glycol enjoys special tariff preference programs in various countries. These programs provide certain countries with preferential treatment, including duty-free access to the market. The following countries have special tariff rates for neopentyl glycol:
Importing US States: Neopentyl glycol can be imported into various states in the United States. The specific states that import this chemical compound may vary depending on market demand and manufacturing needs.
Exporting US States: Neopentyl glycol can be exported from various states within the United States. The exporting states may differ based on production capacity and market access.
HS Code 29053920 represents neopentyl glycol, a valuable compound utilized in the production of polyesters, paints, and lubricants. This HS code is crucial in tracking and regulating the import and export of neopentyl glycol globally. With its special tariff preference programs and versatile properties, neopentyl glycol plays a significant role in international trade and various industries.