HS Code 29122910: Phenylacetaldehyde
Phenylacetaldehyde is a chemical compound that falls under the HS Code 29122910. This article will provide extensive information about this product and its classification under the Harmonized System.
The HS Code 29122910 is used to categorize and classify Phenylacetaldehyde for international trade purposes. This code is a standardized system that is used globally to classify goods based on their nature, composition, and intended use. It helps facilitate trade by ensuring uniformity and clarity in customs duties, regulations, and documentation.
Phenylacetaldehyde is a colorless liquid with a strong, sweet, floral odor. It is commonly used in the production of fragrances, flavors, and pharmaceuticals. The compound is known for its versatile applications and is found in various industries such as cosmetics, food and beverages, and the pharmaceutical sector.
When importing or exporting Phenylacetaldehyde, it is important to be aware of the associated duty rates. The bound or most-favored-nation (MFN) duty rate for Phenylacetaldehyde 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 for this product to all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for Phenylacetaldehyde is kilograms (KG). This unit is used to measure the weight of the product during import and export transactions. It is essential to accurately declare the quantity of Phenylacetaldehyde being traded to comply with customs regulations and avoid any issues during the customs clearance process.
Phenylacetaldehyde also qualifies for special tariff preference programs in certain countries. These programs provide preferential treatment and may exempt the product from import duties. The following countries offer special tariff preferences for Phenylacetaldehyde: Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States.
In the United States, Phenylacetaldehyde can be imported into various states. According to the available data, West Virginia is a state that imports Phenylacetaldehyde. This information is crucial for businesses and traders looking to engage in the import and export of this product, as it helps identify potential markets and trading partners.
Phenylacetaldehyde is a chemical compound categorized under the HS Code 29122910. It is a versatile product with applications in the fragrance, flavor, and pharmaceutical industries. Understanding the HS Code, duty rates, quantity units, and special tariff preference programs associated with Phenylacetaldehyde is vital for businesses and traders involved in international trade. This knowledge ensures compliance with customs regulations and facilitates smooth import and export processes.
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