Vanillin, also known as 4-Hydroxy-3-methoxybenzaldehyde, is a popular flavoring compound used in various industries. It is classified under HS Code 29124100, which specifically identifies it for trade purposes. This code helps facilitate international trade by providing a standardized classification system for goods.
When importing or exporting vanillin, it is important to be aware of the regulations and duty rates associated with HS Code 29124100. The bound or Most Favored Nation (MFN) duty rate for vanillin is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for vanillin is kilograms (KG). This unit of measurement is used to determine the quantity of vanillin being imported or exported.
Vanillin is eligible for special tariff preference programs in several countries. These programs provide preferential treatment in terms of duty rates. The following countries offer free trade for vanillin under various special tariff preference programs:
In the United States, several states are involved in importing and exporting vanillin under HS Code 29124100. One notable example is West Virginia, which plays a significant role in the trade of this product.
HS Code 29124100 ensures that vanillin is correctly classified and traded across borders. It serves as a valuable tool for customs authorities, importers, and exporters in managing international trade of vanillin.