The HS Code 29101000 refers to the product Oxirane, also known as Ethylene oxide. This article will provide an extensive overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.
Oxirane, or Ethylene oxide, is a chemical compound commonly used in various industries. It is an organic compound with the formula C2H4O, consisting of a three-membered cyclic ether ring. Ethylene oxide is a colorless gas at room temperature and has a sweet ether-like odor. It is highly reactive and versatile, making it a valuable raw material for the production of various chemicals and products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29101000 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 of 5.5% to the import or export of Oxirane from all its trading partners. This duty rate is applicable to ensure fair and equal trade practices among countries.
The quantity unit for HS Code 29101000 is kilograms (KG). This unit of measurement is used to quantify the weight of Oxirane being imported or exported. It allows for accurate tracking and documentation of the quantity of the product involved in international trade transactions.
There are several special tariff preference programs associated with HS Code 29101000. These programs provide specific benefits and exemptions for the import or export of Oxirane from certain countries. The following countries enjoy special tariff rates or duty-free treatment under these programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for the import or export of Oxirane.
The import and export of Oxirane under HS Code 29101000 involve various US states. While specific data is not provided, it can be assumed that Oxirane is imported by states that have a demand for this chemical compound, and exported by states that have a supply or production capability.
It is important for businesses and traders involved in importing or exporting Oxirane to be aware of the regulations, duty rates, and special tariff preference programs associated with HS Code 29101000. Adhering to these regulations and taking advantage of applicable tariff preferences can help facilitate smooth international trade transactions and support business growth.