The HS Code 29151350 refers to nonaromatic esters of formic acid. This code is used to classify and identify specific products for international trade purposes. Understanding the HS Code is important for importers, exporters, and customs officials to ensure smooth and accurate trade transactions.
Nonaromatic esters of formic acid are chemical compounds that are widely used in various industries. These esters are derived from formic acid and have nonaromatic properties. They have a wide range of applications, including as solvents, intermediates in chemical synthesis, and as additives in various products.
The Bound / MFN duty rate for HS Code 29151350 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 3.7% for the import or export of nonaromatic esters of formic acid.
The quantity unit for HS Code 29151350 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the product being imported or exported.
There are several special tariff preference programs that apply to HS Code 29151350. These programs provide certain countries with preferential treatment or duty-free access to trade nonaromatic esters of formic acid. The countries included in these programs are:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing certain benefits and incentives for specific products.
When importing nonaromatic esters of formic acid into the United States, different states may have their own regulations and requirements. Importers need to comply with the specific rules and procedures of the state they are importing into. Similarly, when exporting from the United States, exporters need to consider the regulations of the destination country.
HS Code 29151350 categorizes nonaromatic esters of formic acid for international trade purposes. It is important for traders and customs officials to understand this code to ensure accurate classification and smooth trade transactions. The special tariff preference programs associated with this code provide certain countries with preferential treatment or duty-free access to trade nonaromatic esters of formic acid.