The HS Code 29071530 refers to the product 2-Naphthol. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs associated with it.
2-Naphthol is a chemical compound that belongs to the naphthalene family. It is commonly used as an intermediate in the synthesis of various dyes, pigments, pharmaceuticals, and other organic compounds. With the HS Code 29071530, it is easier to classify and track the import and export of this specific product.
The bound or Most Favored Nation (MFN) duty rate for 2-Naphthol is free. 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. This encourages fair and equal trade practices between countries.
The quantity unit for 2-Naphthol is kilograms (KG). This unit of measurement helps in accurately quantifying the amount of the product being imported or exported.
2-Naphthol enjoys special tariff preference programs in various countries. These programs provide certain benefits or exemptions in terms of duty rates for the import or export of the product. The following are the details of the special tariff preference programs applicable to 2-Naphthol:
In addition to these programs, 2-Naphthol also enjoys a special rate of 1% under the Singapore Special Rate.
The HS Code 29071530 applies to the import and export of 2-Naphthol in various US states. The specific importing and exporting states may vary depending on the demand and supply of the product. It is essential for traders and businesses to be aware of the regulations and requirements associated with the import and export of 2-Naphthol in different US states.
the HS Code 29071530 represents the product 2-Naphthol, which is a chemical compound with various applications. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code is crucial for importers, exporters, and traders involved in the trade of 2-Naphthol.