HS Code 29141200: Butanone (Methyl ethyl ketone)
Butanone, also known as Methyl ethyl ketone (MEK), is a widely used chemical compound with the HS Code 29141200. This article will provide an extensive overview of the HS Code and its associated product description, duty rates, quantity units, special tariff preference programs, as well as the importing and exporting US states.
Product Description: Butanone, or Methyl ethyl ketone, is an organic compound with the chemical formula C4H8O. It is a colorless liquid with a sweet, fruity odor. Butanone is primarily used as a solvent in various industries, including paints, adhesives, coatings, and printing inks. It is also utilized as a chemical intermediate in the production of plastics and rubber.
HS Code: The Harmonized System (HS) Code is an internationally standardized system used to classify and define traded products. The HS Code 29141200 specifically refers to Butanone (Methyl ethyl ketone). This code is used by customs authorities to identify and categorize products for import and export purposes.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for Butanone is 3.1%. 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 the percentage of the product's value that must be paid as a tax upon importation.
Quantity Unit: The quantity unit for Butanone is measured in kilograms (KG). This unit is used to determine the weight or mass of the product being imported or exported.
Special Tariff Preference Programs: Butanone, under HS Code 29141200, is eligible for various special tariff preference programs. These programs provide certain countries with trade benefits, such as duty-free treatment. The following countries and programs offer special rates for importing Butanone:
- A* - Certain countries excluded from GSP eligibility for that HTS subheading (duty-free treatment)
- AU - Australia Special Rate
- BH - Bahrain Special Rate
- CA - NAFTA for Canada (duty-free treatment)
- CL - Chile Special Rate
- E - Caribbean Basin Initiative (CBI)
- IL - Israel Special Rate (duty-free treatment)
- J - Andean Trade Preference Act (ATPA)
- JO - Jordan Special Rate
- MA - Morocco Special Rate
- MX - NAFTA for Mexico
- OM - Oman Special Rate
- P - Dominican Republic-Central American Special Rate (DR-CAFTA)
- PE - Peru Special Rate
- SG - Singapore Special Rate
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties.
Importing US States: Butanone (HS Code 29141200) is imported into various states in the United States. One prominent importing state is West Virginia.
Exporting US States: Similarly, West Virginia is also a significant exporting state for Butanone (HS Code 29141200).
the HS Code 29141200 represents Butanone (Methyl ethyl ketone). It is a versatile chemical compound used as a solvent and chemical intermediate in various industries. The code is essential for customs authorities to classify and regulate the import and export of Butanone. The duty rate, quantity unit, and special tariff preference programs further impact the trade of this product. With West Virginia being a notable importing and exporting state, the significance of Butanone in the US market cannot be overlooked.
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