The HS code 29072100 refers to the product Resorcinol and its salts. This code is used to classify and regulate the import and export of this specific product. In this article, we will provide an extensive overview of the HS code 29072100, including its description, duty rates, quantity units, and special tariff preference programs.
Resorcinol is a chemical compound that is commonly used in various applications, including the production of adhesives, dyes, pharmaceuticals, and personal care products. It is a white crystalline solid that is soluble in water and has a characteristic odor.
The HS code 29072100 specifically covers not only Resorcinol itself but also its salts. Salts of Resorcinol are formed when Resorcinol reacts with acids or bases, resulting in the formation of a salt compound. These salts may have different properties and uses compared to pure Resorcinol.
The bound / MFN (Most Favored Nation) duty rate for HS code 29072100 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate of 5.5% applies to the import and export of Resorcinol and its salts.
The quantity unit for HS code 29072100 is kilograms (KG). This means that the weight of Resorcinol and its salts is measured and recorded in kilograms for import and export purposes. It is important to accurately measure and declare the quantity of the product to comply with customs regulations.
There are several special tariff preference programs available for imports and exports of Resorcinol and its salts under HS code 29072100. These programs provide preferential treatment in terms of duty rates for specific countries. Some of the notable programs include:
These special rates and treatments apply to imports from specific countries or regions, providing certain countries with preferential access to the market for Resorcinol and its salts.
The import and export of Resorcinol and its salts under HS code 29072100 can take place between various US states. The specific states involved in importing and exporting may vary depending on the business transactions and trade agreements between different states.
It is important for businesses and individuals involved in the import and export of Resorcinol and its salts to comply with all relevant regulations and requirements set forth by the US government and international trade agreements. This includes accurately classifying the product under the appropriate HS code, adhering to duty rates, and fulfilling any documentation or reporting obligations.
the HS code 29072100 is used to classify and regulate the import and export of Resorcinol and its salts. This code helps ensure proper identification, tracking, and control of the product in international trade. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is crucial for businesses and individuals involved in the import and export of Resorcinol and its salts.