The HS Code 29144060 refers to a specific product known as 1,3-Dihydroxyacetone. This chemical compound has various applications in different industries and is recognized by its unique properties.
When it comes to international trade, the HS code is used to classify goods and products for customs purposes. It helps in identifying the specific nature and characteristics of the products being traded. In the case of 1,3-Dihydroxyacetone, the HS code 29144060 is assigned to this chemical compound.
1,3-Dihydroxyacetone is a versatile substance that is widely used in the cosmetics and skincare industry. It is commonly found in self-tanning products, as it can react with the amino acids in the skin to produce a brown pigment called melanoidin. This pigment gives the skin a tanned appearance without the need for exposure to harmful UV rays.
In addition to its use in the cosmetics industry, 1,3-Dihydroxyacetone also has applications in other fields. It is used in the production of pharmaceuticals, specifically in the synthesis of certain drugs and medications. Its chemical properties make it an important ingredient in the development of these pharmaceutical products.
The HS code 29144060 is significant in international trade because it helps in the classification and regulation of the import and export of 1,3-Dihydroxyacetone. It provides a standardized code that is recognized internationally, ensuring that the product is properly identified and regulated across different countries.
When it comes to customs duties and tariffs, the HS code 29144060 may have specific implications. The bound / MFN duty rate for this product is free. This means that there are no additional duties or tariffs imposed on the import or export of 1,3-Dihydroxyacetone. However, it's important to note that this duty rate may vary depending on the specific country and any trade agreements or preferences in place.
Speaking of trade preferences, there are special tariff preference programs that may apply to the import and export of 1,3-Dihydroxyacetone. These programs offer certain benefits and exemptions, such as duty-free treatment, to eligible countries. For example, imports from least-developed beneficiary developing countries may be eligible for duty-free treatment under the subheading of the HS code 29144060.
Specific countries that have special tariff preference programs for 1,3-Dihydroxyacetone include Australia (A+), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), Germany (D), Spain (E), Israel (IL), Japan (J), Jordan (JO), South Korea (K), Morocco (MA), Mexico (MX), Oman (OM), Portugal (P), Peru (PE), Singapore (SG), and others.
These special tariff preference programs aim to promote trade and economic development between countries. By offering favorable treatment to certain products, they encourage trade relationships and provide opportunities for countries to expand their exports and imports.
the HS Code 29144060 refers to 1,3-Dihydroxyacetone, a chemical compound with various applications in industries such as cosmetics and pharmaceuticals. It plays a crucial role in international trade by providing a standardized code for the classification and regulation of the import and export of this product. The duty rate for 1,3-Dihydroxyacetone is generally free, and there are special tariff preference programs that offer additional benefits to eligible countries. Understanding the HS code and its implications is essential for businesses involved in the global trade of 1,3-Dihydroxyacetone.