Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29141110: Acetone Derived from Cumene

Acetone, derived in whole or in part from cumene, falls under the HS code 29141110. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details and implications of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description

The product described by HS code 29141110 is acetone that is derived, either wholly or partially, from cumene. Acetone is a clear, colorless liquid with a distinct sweet smell. It is a versatile chemical compound widely used in various industries such as pharmaceuticals, cosmetics, solvents, and chemical manufacturing.

Duty Rates

The bound or most-favored-nation (MFN) duty rate for products classified under HS code 29141110 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 duty rate is applied to the customs value of the imported acetone.

Quantity Unit

The quantity unit for importing and exporting acetone under HS code 29141110 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight or mass of goods being imported or exported.

Special Tariff Preference Programs

Acetone classified under HS code 29141110 is eligible for various special tariff preference programs, which can provide duty-free treatment or reduced duty rates for specific countries. The following programs apply to imports of acetone:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. The countries eligible for this program include A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, and PE.
• 1%: Imports from Singapore receive a special reduced duty rate of 1%.

Additionally, specific countries have their own special tariff rates for acetone imports:

• Australia: Special rate
• Bahrain: Special rate
• Canada (under NAFTA): Duty-free treatment
• Chile: Special rate
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment
• Caribbean Basin Initiative (CBI): Duty-free treatment
• Israel: Special rate (duty-free treatment)
• Andean Trade Preference Act (ATPA)
• Jordan: Special rate
• Morocco: Special rate
• Mexico (under NAFTA)
• Oman: Special rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru: Special rate

Importing and Exporting US States

Currently, the following US states import and export acetone classified under HS code 29141110:

• West Virginia
• West Virginia
• West Virginia

These states are actively involved in the import and export of acetone, contributing to the country's trade activities and supporting various industries that rely on this chemical compound.

HS code 29141110 classifies acetone derived from cumene for international trade purposes. Its product description, duty rates, quantity unit, and special tariff preference programs provide valuable information for importers, exporters, and government agencies involved in trade facilitation and regulation.