Glyoxal, classified under HS Code 29121930, is a chemical compound with various industrial applications. In this educational article, we will delve into the details of Glyoxal, including its product description, quantity unit, special tariff preference programs, and the importing and exporting states in the United States.
Glyoxal is a colorless liquid with a distinctive odor. It is an organic compound that belongs to the aldehyde family. The chemical formula for Glyoxal is C2H2O2, and its molecular weight is approximately 58.04 grams per mole. Due to its versatile properties, Glyoxal finds applications in various industries such as textiles, leather, paper, and cosmetics.
HS Code 29121930 is a specific code assigned to Glyoxal by the World Customs Organization (WCO). This code is used globally to classify and identify the product during international trade. It helps customs authorities and traders to streamline the import and export processes by providing a standardized reference.
By referencing HS Code 29121930, customs officials can easily identify the product as Glyoxal and apply the relevant trade regulations, duties, and preferential programs associated with it. This code is an essential component of international trade documentation and facilitates smooth cross-border transactions.
The Bound / MFN (Most Favored Nation) duty rate for Glyoxal under HS Code 29121930 is 3.7%. The MFN duty rate is the applied tariff when a country reduces trade barriers or opens up its market. It ensures that the same duty rate is applicable for all trading partners of the country. This promotes fair and equal treatment in international trade.
The quantity unit for Glyoxal under HS Code 29121930 is kilograms (KG). This unit of measurement is used to quantify the amount of Glyoxal being imported or exported. It enables accurate tracking and calculation of the product's volume during trade transactions.
Glyoxal under HS Code 29121930 is eligible for various special tariff preference programs. These programs provide favorable trade conditions, including duty-free treatment, to specific countries. The following countries enjoy special rates or duty-free treatment for importing Glyoxal:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating import duties on Glyoxal.
When it comes to importing Glyoxal under HS Code 29121930, all states in the United States have the potential to be importing states. However, for the purpose of this article, let's focus on one specific state which is West Virginia.
In terms of exporting Glyoxal from the United States, businesses located in West Virginia can be actively involved in this trade. West Virginia, with its manufacturing and chemical industries, has the capacity to produce and export Glyoxal to various countries around the world. Exporters in West Virginia can leverage the special tariff preference programs mentioned earlier to access international markets more competitively.
Glyoxal under HS Code 29121930 is a significant chemical compound with numerous industrial applications. Understanding the product description, quantity unit, special tariff preference programs, and the involvement of states like West Virginia in import and export processes is crucial for businesses and individuals engaged in international trade.