Menthol, classified under HS code 29061100, is a versatile product with various applications in industries such as pharmaceuticals, cosmetics, and food and beverages. In this article, we will delve into the details of this product, its import and export regulations, as well as special tariff preference programs associated with it.
Menthol is a naturally occurring organic compound derived from the mint plant, specifically peppermint or cornmint. It possesses a distinct cooling sensation and a minty aroma, making it a popular choice in numerous consumer products.
Due to its unique properties, menthol is widely used in pharmaceutical products such as cough drops, lozenges, and topical analgesics. It is also a common ingredient in oral care products like toothpaste and mouthwash. Additionally, menthol finds its way into various cosmetic and personal care items, including shampoos, soaps, and lotions.
Moreover, menthol is utilized in the food and beverage industry to add a refreshing taste to products like chewing gum, candies, and beverages. It is often combined with other flavors to create a unique sensory experience.
The bound or most-favored-nation (MFN) duty rate for HS code 29061100 is 2.1%. 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. It ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for menthol is kilograms (KG). This unit is commonly used for measuring the weight or mass of goods during import and export transactions.
Menthol, classified under HS code 29061100, benefits from several special tariff preference programs that offer reduced or duty-free treatment for specific countries. These programs aim to promote international trade and foster economic relationships. The following are some notable programs associated with menthol:
As menthol is a widely used product, it is both imported to and exported from various states in the United States. The importing states may include major ports such as New York, Los Angeles, and Miami, among others. Similarly, the exporting states can vary depending on the production and distribution centers across the country.
It is essential for businesses involved in the import and export of menthol to comply with the relevant regulations, documentation, and standards set by the United States Customs and Border Protection (CBP) and other relevant authorities.
HS code 29061100 represents menthol, a versatile product with multiple applications. Its unique properties make it a sought-after ingredient in various industries, including pharmaceuticals, cosmetics, and food and beverages. Understanding the bound duty rate, quantity unit, and special tariff preference programs associated with this HS code is crucial for businesses engaged in international trade. Compliance with import and export regulations is essential to ensure smooth and efficient trade transactions.