HS Code 29163210 - Benzoyl Peroxide
Benzoyl peroxide is a chemical compound that is widely used in various industries, including pharmaceuticals, cosmetics, and textiles. It is classified under HS Code 29163210, which specifically refers to benzoyl peroxide in its pure form.
The HS Code system is an internationally recognized classification system for traded goods. It helps in the uniform classification of products, facilitating trade negotiations, and providing statistical data on international trade. The HS Code 29163210 is specifically assigned to benzoyl peroxide, making it easier for customs authorities and traders to identify and categorize this product.
Benzoyl peroxide is primarily used as a topical medication for the treatment of acne. It works by killing the bacteria on the skin that causes acne and by promoting the shedding of dead skin cells, preventing clogged pores. Due to its effectiveness in treating acne, benzoyl peroxide is commonly found in various over-the-counter and prescription acne medications.
In addition to its medical applications, benzoyl peroxide is also used in the production of polymers, plastics, and resins. Its ability to initiate polymerization reactions makes it a valuable ingredient in the manufacturing of materials such as PVC pipes, automotive parts, and coatings. Moreover, benzoyl peroxide is used as a bleaching agent in the textile industry, helping to achieve vibrant and consistent colors in fabrics.
When importing or exporting benzoyl peroxide, it is important to consider the applicable duty rates. The bound (MFN) duty rate for benzoyl peroxide is 6.5%. This means that regardless of any special tariff preference programs, a 6.5% duty will be imposed on the product. However, certain countries may offer preferential treatment under special tariff preference programs.
Under the special tariff preference programs, benzoyl peroxide may be eligible for duty-free treatment or reduced duty rates. For example, imports from least-developed beneficiary developing countries may qualify for duty-free treatment under the Generalized System of Preferences (GSP) subheading. Australia, Bahrain, Canada (under NAFTA), Chile, and Israel also offer special rates or duty-free treatment for benzoyl peroxide.
Other special tariff preference programs include the Africa Growth and Opportunity Act (AGOA), the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), the Dominican Republic-Central American Special Rate (DR-CAFTA), Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore.
It is important to note that the duty rates and eligibility for special tariff preference programs may change over time. Therefore, it is crucial for importers and exporters to stay updated with the latest regulations and trade agreements to take advantage of any available benefits.
In terms of quantity unit, benzoyl peroxide is measured in kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported. It is essential for accurate record-keeping and proper assessment of customs duties.
benzoyl peroxide is a versatile chemical compound with various applications in the medical, cosmetic, and industrial sectors. Its HS Code 29163210 facilitates the classification and identification of this product in international trade. Importers and exporters should be aware of the applicable duty rates and special tariff preference programs to optimize their trade activities involving benzoyl peroxide.
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