The HS Code 29095010 refers to the product 4-Ethylguaiacol. In this article, we will explore the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs associated with it.
4-Ethylguaiacol is a chemical compound primarily used in the flavor and fragrance industry. It is an organic compound with the molecular formula C9H12O2 and a molar mass of 152.19 grams per mole. The compound possesses a distinct smoky and spicy odor, making it valuable for various applications.
4-Ethylguaiacol is commonly found in natural sources such as wood smoke, roasted coffee, and certain spices. It is responsible for the characteristic smoky and spicy aroma in foods, beverages, and perfumes.
The HS Code 29095010 specifically identifies 4-Ethylguaiacol for international trade purposes. HS codes are used by customs authorities worldwide to classify and track traded products. The code consists of six digits, with each digit representing a specific category of products.
In the case of HS Code 29095010, the first two digits "29" represent organic chemicals, while the next two digits "09" specify aromatic aldehydes, ketones, and quinones. The final two digits "50" further classify the product as 4-Ethylguaiacol.
The bound/MFN (Most Favored Nation) duty rate for HS Code 29095010 is 5.5%. This means that any country that lowers a trade barrier or opens up its market must apply the same duty rate of 5.5% to imports of 4-Ethylguaiacol from all its trading partners.
It is essential for importers and exporters to consider the duty rate when engaging in international trade of 4-Ethylguaiacol. The duty rate directly affects the cost of the product and can impact the competitiveness of businesses.
The quantity unit for HS Code 29095010 is kilograms (KG). This means that the measurement and pricing of 4-Ethylguaiacol are based on its weight in kilograms. This standard unit allows for accurate and consistent measurement during import and export processes.
Several special tariff preference programs are associated with HS Code 29095010. These programs offer preferential treatment, including duty-free or reduced duty rates, for imports of 4-Ethylguaiacol from specific countries. Here are some of the programs:
Importers and exporters should be aware of these special tariff preference programs to leverage cost savings and enhance trade opportunities when dealing with 4-Ethylguaiacol.
HS Code 29095010 applies to both importing and exporting US states. This means that all states within the United States can engage in the import and export of 4-Ethylguaiacol using this HS code.
Importers and exporters based in the US should familiarize themselves with the specific regulations, requirements, and documentation necessary for the lawful import and export of 4-Ethylguaiacol.
HS Code 29095010 represents 4-Ethylguaiacol, a chemical compound widely used in the flavor and fragrance industry. Understanding the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs, is crucial for businesses involved in the international trade of 4-Ethylguaiacol.