When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and categorizing products. HS Code 29145010 specifically refers to 5-Benzoyl-4-hydroxy-2-methoxy-benzenesulfonic acid. In this article, we will explore this HS code in detail, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product described by HS Code 29145010 is 5-Benzoyl-4-hydroxy-2-methoxy-benzenesulfonic acid. This compound is commonly used in various industries, including pharmaceuticals, dyes, and chemical research. Its unique chemical structure and properties make it valuable for a wide range of applications.
Bound / MFN (Most Favored Nation) duty rate for HS Code 29145010 is free. This means that importing countries do not impose any customs duties or taxes on this product. The free duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring equal treatment for all trading partners.
The quantity unit for HS Code 29145010 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of the product being imported or exported. It allows for accurate tracking and calculation of shipping costs and ensures consistency in trade transactions.
HS Code 29145010 is eligible for various special tariff preference programs. These programs provide additional benefits and incentives for countries participating in preferential trade agreements. The following countries or regions offer special tariff preferences for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties on specific products. They provide a competitive advantage for businesses and encourage international trade partnerships.
HS Code 29145010 can be imported into and exported from various US states. The specific states involved in the trade of this product may vary based on market demand, manufacturing capabilities, and distribution networks. However, some of the prominent states in both importing and exporting include:
Importing US States:
Exporting US States:
These states have well-established trade networks, transportation infrastructure, and business ecosystems that facilitate the import and export of various products, including HS Code 29145010.
HS Code 29145010 represents 5-Benzoyl-4-hydroxy-2-methoxy-benzenesulfonic acid, a versatile compound used in pharmaceuticals, dyes, and chemical research. Its classification under this HS code allows for easy identification and streamlined international trade. With a duty rate of free and eligibility for special tariff preference programs, this product enjoys favorable treatment in global commerce. Understanding the HS code and its associated information is essential for businesses and individuals engaged in import and export activities.