HS Code 29143100 - Phenylacetone (Phenylpropan-2-one)
Phenylacetone, also known as Phenylpropan-2-one, is a chemical compound that falls under the HS Code 29143100. This code is used to classify and regulate the import and export of Phenylacetone in international trade. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS Code.
Product Description:
Phenylacetone, or Phenylpropan-2-one, is a colorless liquid with a distinct sweet smell. It is an organic compound commonly used in the synthesis of various pharmaceutical and chemical products. Phenylacetone is classified under HS Code 29143100, enabling authorities to easily identify and regulate its import and export.
Duty Rates:
The bound/MFN (Most Favored Nation) duty rate for Phenylacetone 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 5.5% duty rate is applicable to Phenylacetone regardless of its country of origin.
Quantity Unit:
The quantity unit for Phenylacetone, as specified by the HS Code 29143100, is kilograms (KG). This unit of measurement is used to determine the quantity of Phenylacetone being imported or exported in international trade.
Special Tariff Preference Programs:
Phenylacetone enjoys special tariff preference programs in several countries. Here are the countries and programs that offer duty-free treatment for Phenylacetone:
- Australia (Generalized System of Preferences - GSP)
- Bahrain (Special Rate)
- Canada (NAFTA - duty-free treatment)
- Chile (Special Rate)
- European Union (EU) (duty-free treatment)
- Israel (Special Rate - duty-free treatment)
- Japan (Special Rate)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (Special Rate)
- Dominican Republic and Central American countries (DR-CAFTA - Special Rate)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs allow for the importation of Phenylacetone without imposing any additional duties or taxes, promoting trade facilitation and economic cooperation between the countries involved.
Importing and Exporting US States:
When it comes to importing Phenylacetone into the United States, there are several states involved. The following US states are known for importing Phenylacetone:
- West Virginia
- West Virginia
- West Virginia
These states have established a demand for Phenylacetone and actively engage in its importation for various purposes, including pharmaceutical and chemical manufacturing.
the HS Code 29143100 classifies Phenylacetone (Phenylpropan-2-one) in international trade. This code helps regulate its import and export, ensuring proper documentation, taxation, and adherence to trade policies. Phenylacetone enjoys duty-free treatment in various countries through special tariff preference programs, further promoting its trade and utilization. The importing and exporting US states, such as West Virginia, play a significant role in the demand and trade of Phenylacetone.
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