Dihydric alcohols, also known as diols, are a type of organic compound that contain two hydroxyl (-OH) groups. They are widely used in various industries, including pharmaceuticals, chemicals, and manufacturing. HS Code 29053990 specifically refers to dihydric alcohols (diols) that are not elsewhere specified or included.
When it comes to trade, countries often impose tariffs or duties on imported goods to protect domestic industries or generate revenue. The Bound / MFN (Most Favored Nation) duty rate for HS Code 29053990 is 5.5%, which 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.
The quantity unit for HS Code 29053990 is kilograms (KG). This unit is used to measure the weight or quantity of dihydric alcohols being imported or exported.
There are several special tariff preference programs associated with HS Code 29053990. These programs offer preferential treatment or exemptions from duties for certain countries. The following countries have special tariff rates for dihydric alcohols:
These special tariff preference programs aim to promote trade and economic cooperation among the participating countries. By providing duty-free treatment or special rates, these programs incentivize importers and exporters to engage in trade activities.
Importing and exporting of dihydric alcohols under HS Code 29053990 can occur between various US states. The specific states involved in the import or export of these goods may vary depending on the market demand and supply chain dynamics.
HS Code 29053990 refers to dihydric alcohols (diols) that are not elsewhere specified or included. This code is used for the classification of these compounds in international trade. Understanding the HS code and its associated tariff rates and special programs is essential for businesses involved in the import and export of dihydric alcohols.