The HS Code 29054100 refers to a specific product known as 2-Ethyl-2-(hydroxymethyl)propane-1,3-diol, commonly referred to as Trimethylolpropane. This article aims to provide extensive information about this HS code, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
2-Ethyl-2-(hydroxymethyl)propane-1,3-diol, or Trimethylolpropane, is a chemical compound used in various industries such as coatings, adhesives, sealants, and synthetic lubricants. It is a colorless, viscous liquid with a molecular formula of C6H14O3. Trimethylolpropane is primarily used as a key ingredient in the production of polyurethane coatings and is known for its excellent stability and durability.
When it comes to international trade, the HS Code 29054100 is crucial for customs purposes. It helps classify and identify the product accurately, ensuring smooth and efficient trade transactions. The HS Code is used globally, and every country follows the same code for the same product, promoting fair and consistent trade practices.
The bound/MFN duty rate for HS Code 29054100 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 3.7% for the import or export of 2-Ethyl-2-(hydroxymethyl)propane-1,3-diol. This rate ensures a level playing field for all trading partners.
The quantity unit for HS Code 29054100 is kilograms (KG). This unit of measurement is universally recognized and allows for accurate tracking and calculation of the product's quantity during international trade.
There are several special tariff preference programs associated with HS Code 29054100. These programs provide certain countries with preferential treatment or duty-free access to import or export Trimethylolpropane. The countries eligible for these special tariff preference programs include:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by reducing or eliminating import duties for specific goods.
When it comes to importing Trimethylolpropane into the United States, various states play a significant role. The top importing US states for HS Code 29054100 include:
These states have a high demand for Trimethylolpropane due to their industrial and manufacturing sectors. Importers in these states need to comply with the customs regulations and duty rates associated with HS Code 29054100.
On the other hand, the top exporting US states for HS Code 29054100 include:
These states are known for their production and export of Trimethylolpropane to meet the global demand for this product.
HS Code 29054100 represents 2-Ethyl-2-(hydroxymethyl)propane-1,3-diol (Trimethylolpropane). This educational article aimed to provide comprehensive information about this HS code, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states. Understanding the HS code and its associated details is essential for businesses engaged in international trade, ensuring compliance with customs regulations and promoting fair and efficient trade practices.