If you are involved in international trade, you may have come across the HS Code 29156010. This code refers to aromatic salts and esters of butyric acids and valeric acids. In this article, we will explore this HS code in detail, discussing its product description, duty rates, quantity unit, and special tariff preference programs. So, let's dive in!
The HS Code 29156010 specifically covers aromatic salts and esters of butyric acids and valeric acids. Butyric acid is a carboxylic acid with a strong odor, commonly found in rancid butter and vomit. Valeric acid, on the other hand, is a fatty acid with a pungent odor. These acids can form salts and esters with various aromatic compounds, resulting in a wide range of applications.
Aromatic salts and esters of butyric acids and valeric acids find uses in industries such as perfumery, flavoring, and pharmaceuticals. They are often utilized to provide unique scents or tastes to products. These compounds are known for their characteristic odor profiles, making them valuable ingredients in many consumer goods.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29156010 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 5.5% to all its trading partners for goods falling under this HS code. It is important to consider this duty rate while engaging in international trade involving aromatic salts and esters of butyric acids and valeric acids.
The quantity unit for HS Code 29156010 is kilograms (KG). This unit of measurement is commonly used to quantify the weight of goods being imported or exported. When dealing with aromatic salts and esters of butyric acids and valeric acids, their weight in kilograms becomes a crucial factor in determining shipping costs and logistics.
HS Code 29156010 is eligible for several special tariff preference programs. Some of the countries that offer preferential treatment for imports under this code include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and various others.
These special tariff preference programs provide duty-free treatment or special rates for imports falling under HS Code 29156010. They aim to promote trade and economic cooperation between the participating countries. It is essential for traders to be aware of these programs to take advantage of the benefits they offer.
For example, the Generalized System of Preferences (GSP) provides duty-free treatment for imports under HS Code 29156010, allowing for cost savings. Similarly, NAFTA offers duty-free treatment for imports from Canada and Mexico, promoting trade between these North American countries.
As an international trader dealing with HS Code 29156010, it is essential to know the importing and exporting US states for these aromatic salts and esters of butyric acids and valeric acids. This information can help you identify potential trade partners and streamline your supply chain.
Unfortunately, the provided data does not include specific information about the importing and exporting US states for HS Code 29156010. However, you can gather this information through trade databases, customs records, or by reaching out to relevant trade associations or government agencies.
HS Code 29156010 encompasses aromatic salts and esters of butyric acids and valeric acids, which find applications in various industries. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for international traders. By leveraging this knowledge, traders can navigate the complexities of international trade and make informed decisions that benefit their businesses.