HS Code 29146960: An Overview of 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone

When it comes to international trade, understanding the Harmonized System (HS) code is crucial. The HS code serves as a universal classification system for goods traded across borders. In this article, we will delve into the details of HS code 29146960, which covers the products 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone.

Product Description

HS code 29146960 encompasses two distinct chemicals: 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone. Let's take a closer look at each of them:

1,4-Dihydroxyanthraquinone: Also known as quinizarin, this organic compound is commonly used in the production of dyes and pigments. It has a molecular formula of C14H8O4 and a molar mass of 240.21 grams per mole. The compound occurs naturally in certain plants but is primarily synthesized for industrial purposes.
2-ethylanthraquinone: This chemical compound is a derivative of anthraquinone, with an additional ethyl group attached to its structure. Its molecular formula is C16H12O2, and it has a molar mass of 236.27 grams per mole. 2-ethylanthraquinone is widely employed as a catalyst in the production of hydrogen peroxide, a versatile chemical with various industrial applications.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS code 29146960 is free. This means that no import duty is imposed when trading this particular product internationally. It is important to note that the bound / MFN duty rate applies universally, ensuring that all trading partners are treated equally in terms of trade barriers and market access.

Quantity Unit

The quantity unit for HS code 29146960 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the imported or exported products falling under this HS code. It provides a standardized metric for trade transactions involving 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone.

Special Tariff Preference Programs

Several special tariff preference programs are available for imports falling under HS code 29146960. These programs offer preferential treatment in terms of duty rates for specific countries. Here are some notable programs and their respective eligibility criteria:

Free Trade Agreement (FTA): Imports from countries with which the United States has a free trade agreement enjoy duty-free treatment. Examples include Australia (A+), Canada (NAFTA), Chile, Israel, Jordan, Mexico (NAFTA), Oman, Peru, and Singapore.
Africa Growth and Opportunity Act (AGOA): Least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under this subheading are entitled to duty-free treatment when exporting 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone to the United States.
Caribbean Basin Initiative (CBI): Countries in the Caribbean Basin region, including the Dominican Republic and Central American nations under the DR-CAFTA agreement, qualify for duty-free treatment.
Agreement on Trade in Pharmaceutical Products: This agreement ensures duty-free treatment for imports of these chemicals related to pharmaceutical products.

Importing and Exporting US States

HS code 29146960 facilitates the trade of 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone between various importing and exporting states within the United States. The specific states involved in these transactions may vary depending on market demand and supply chains. However, some notable importing and exporting states include:

Importing US States: California (CA), Texas (TX), New York (NY), Illinois (IL), and Florida (FL) are among the top importing states for these chemicals.
Exporting US States: States with significant production and export capabilities for 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone include Pennsylvania (PA), New Jersey (NJ), Ohio (OH), Louisiana (LA), and Georgia (GA).

It is important for businesses involved in the trade of these chemicals to consider the regulatory requirements and market dynamics of the importing and exporting states to ensure successful and compliant transactions.

Conclusion

HS code 29146960 encompasses the chemicals 1,4-Dihydroxyanthraquinone and 2-ethylanthraquinone. Understanding the details of this HS code, including the product description, duty rates, special tariff preference programs, and importing/exporting states, is crucial for businesses engaged in international trade. By staying informed and leveraging the available tariff programs, businesses can maximize opportunities and navigate the complexities of global trade successfully.