HS Code 29061930 - Terpineols: A Comprehensive Overview
The HS Code 29061930 refers to a specific product called Terpineols. In this article, we will delve into the details of this product, including its description, duty rates, quantity unit, and special tariff preference programs. We will also explore the importing and exporting states in the United States.
Product Description:
Terpineols are a type of organic compound that belong to the family of monoterpenes. They are colorless liquids with a pleasant odor, similar to pine or lilac. Terpineols are commonly used in the production of perfumes, cosmetics, soaps, and other fragrant products. They also have various industrial applications, such as solvents and raw materials for the synthesis of other chemicals.
Bound / MFN Duty Rate:
The bound or most favored nation (MFN) duty rate for Terpineols is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the import or export of Terpineols from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
Quantity Unit:
The quantity unit for Terpineols is measured in kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported.
Special Tariff Preference Programs:
Terpineols enjoy special tariff preference programs in certain countries. These programs allow for preferential treatment in terms of duty rates. The following countries have special tariff rates or exemptions for Terpineols:
- Australia (A*)
- Bahrain (BH)
- Canada (CA) under NAFTA (duty-free treatment)
- Chile (CL)
- European Union (E)
- Israel (IL) with duty-free treatment
- Japan (J)
- Jordan (JO)
- Morocco (MA)
- Mexico (MX) under NAFTA (duty-free treatment)
- Oman (OM)
- Peru (P)
- Singapore (SG)
These special tariff preference programs aim to promote trade and strengthen economic ties between the United States and these countries. They provide an opportunity for businesses to import or export Terpineols at reduced or zero duty rates, making it more cost-effective and competitive.
Importing and Exporting US States:
When it comes to importing Terpineols into the United States, businesses across the country can benefit from this product. Whether you are located in California, New York, Texas, or any other state, you can engage in the importation of Terpineols to meet the demands of various industries.
In terms of exporting Terpineols from the United States, it is essential to consider the specific requirements and regulations of each state. Several states in the US have a significant presence in the export market, including California, Texas, New York, Florida, and Illinois. These states have well-established trade infrastructure and offer support to businesses looking to export Terpineols to international markets.
the HS Code 29061930 represents Terpineols, a versatile product used in the fragrance, cosmetic, and industrial sectors. With a bound duty rate of 5.5% and special tariff preference programs in several countries, Terpineols present a lucrative opportunity for businesses engaged in international trade. Whether you are importing or exporting Terpineols, it is crucial to stay informed about the regulations and requirements of the specific states involved, ensuring a smooth and successful trade experience.
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