Benzoic acid esters, except odoriferous or flavoring compounds, fall under the HS Code 29163130. This code is described in additional U.S. note 3 to section VI of the Harmonized System, a global classification system for traded goods. In this article, we will delve into the details of this HS code and explore its implications for international trade.
The HS Code 29163130 specifically refers to benzoic acid esters that are not odoriferous or flavoring compounds. Benzoic acid esters are organic compounds derived from benzoic acid, a white crystalline solid used as a preservative in the food and beverage industry. These esters are widely used in various industries, including pharmaceuticals, cosmetics, and plastics.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29163130 is 6.5%. The MFN duty rate is the standard rate applied to imports unless a country has entered into a preferential trade agreement or special tariff preference program. It ensures that all trading partners receive the same treatment in terms of trade barriers and market access for the same goods or services.
The quantity unit for HS Code 29163130 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the benzoic acid esters being imported or exported.
Under various special tariff preference programs, certain countries enjoy preferential treatment for imports of benzoic acid esters under HS Code 29163130. These programs include:
The HS Code 29163130 applies to imports and exports of benzoic acid esters to and from various US states. The specific states involved in the import and export of these products may vary based on market demand and trade agreements in place.
the HS Code 29163130 is used to classify benzoic acid esters, excluding odoriferous or flavoring compounds. This code is associated with a bound / MFN duty rate of 6.5% and is measured in kilograms. Additionally, certain countries benefit from special tariff preference programs, allowing for duty-free treatment or reduced rates. Understanding the HS code and its implications is crucial for businesses engaged in international trade of benzoic acid esters.