The HS Code 29121100 refers to the product Methanal, commonly known as Formaldehyde. This code is used for international trade purposes to classify and identify the specific product being imported or exported.
Methanal, or Formaldehyde, is a colorless gas with a strong pungent odor. It is an important chemical compound used in various industries such as manufacturing, healthcare, and agriculture. Formaldehyde is primarily used as a disinfectant, preservative, and as a raw material in the production of plastics, textiles, and resins.
The Bound / MFN duty rate for HS Code 29121100 is 2.8%. 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 is applied to the value of the goods being imported or exported.
The quantity unit for Methanal is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the product being traded.
There are several special tariff preference programs associated with HS Code 29121100. These programs provide certain countries with preferential treatment, including duty-free access to the US market. The countries included in these programs are:
In the United States, the importing and exporting of Methanal (HS Code 29121100) is done between various states. The specific states involved in the import and export of this product may vary depending on market demand and production capabilities.
Overall, HS Code 29121100 plays a crucial role in international trade by accurately classifying and identifying the product Methanal (Formaldehyde). The associated duty rates and special tariff preference programs provide important information for businesses and governments involved in the import and export of this chemical compound.