The HS Code 29159018 refers to saturated acyclic monocarboxylic acids that are not elsewhere specified or included. These acids are organic compounds that consist of a carbon chain with a carboxyl group (-COOH) at one end. They are commonly used in various industries, including pharmaceuticals, cosmetics, and food processing.
When importing or exporting goods classified under HS Code 29159018, it is important to understand the associated duty rates and any special tariff preference programs that may apply. The bound and MFN (Most Favored Nation) duty rate for this HS Code is 4.2%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 29159018 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
There are also several special tariff preference programs that apply to imports classified under HS Code 29159018. These programs offer preferential treatment, including duty-free status, for eligible countries or regions. Some of the special tariff preference programs applicable to this HS Code include:
When importing goods classified under HS Code 29159018 into the United States, it is important to consider the exporting US states and any regulations or requirements they may have. Likewise, when exporting goods classified under this HS Code from the United States, it is important to consider the importing US states and any regulations or requirements they may have.
HS Code 29159018 represents saturated acyclic monocarboxylic acids that are not elsewhere specified or included. Understanding the associated duty rates and special tariff preference programs is crucial when importing or exporting goods classified under this HS Code. By adhering to the regulations and taking advantage of applicable tariff preference programs, businesses can effectively navigate international trade and maximize their opportunities in the global market.