Benzyl alcohol is a chemical compound that falls under HS Code 29062100. This code is used to classify and identify this particular product in international trade. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 29062100.
Benzyl alcohol is a clear, colorless liquid with a mild, sweet aroma. It is widely used in various industries such as pharmaceuticals, personal care products, and food additives. The chemical formula for benzyl alcohol is C7H8O, and it is classified as an alcohol due to the presence of the hydroxyl group (-OH) in its structure.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29062100 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate for the import of benzyl alcohol from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for benzyl alcohol under HS Code 29062100 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the amount of goods being imported or exported. It provides a standardized way of determining the quantity of benzyl alcohol involved in a trade transaction.
HS Code 29062100 is associated with several special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries or regions. The following are some of the special tariff preference programs applicable to benzyl alcohol:
These special tariff preference programs aim to promote trade, economic growth, and cooperation between countries by providing incentives for the import of certain goods, including benzyl alcohol.
HS Code 29062100, which classifies benzyl alcohol, is used in international trade to identify and track the import and export of this product. While the specific importing and exporting US states for benzyl alcohol are not provided in the available data, it is worth noting that the United States is a significant player in the global trade of chemicals and related products.
The US has a well-established chemical industry and is both an importer and exporter of various chemicals, including benzyl alcohol. Major chemical manufacturing centers in the US are located in states like Texas, Louisiana, Ohio, and Illinois. These states house numerous chemical plants and facilities that contribute to the production and distribution of chemicals, including benzyl alcohol.
In terms of importing benzyl alcohol, the US may source this product from various countries, depending on factors such as price, quality, and availability. Some of the major benzyl alcohol exporting countries include China, India, Germany, Japan, and South Korea. These countries have well-established chemical industries and are known for their production and export of various chemicals, including benzyl alcohol.
HS Code 29062100 classifies benzyl alcohol, a chemical compound widely used in industries such as pharmaceuticals, personal care products, and food additives. The code helps in identifying and tracking the import and export of benzyl alcohol in international trade. With a bound / MFN duty rate of 5.5%, benzyl alcohol is subject to various special tariff preference programs, offering preferential treatment for certain countries or regions. The quantity unit for benzyl alcohol is kilograms (KG), and while the specific importing and exporting US states are not provided, the US is actively involved in the global trade of chemicals, including benzyl alcohol.