The HS Code 29163220 refers to the product Benzoyl chloride. In this article, we will explore the details of this HS Code, including its product description, bound/MFN duty rate, quantity unit, and special tariff preference programs. Understanding the HS Code system is essential for international trade and import/export operations.
Benzoyl chloride is a chemical compound with the molecular formula C7H5ClO. It is a colorless liquid with a pungent odor. This compound is primarily used in the production of various chemicals, such as dyes, pharmaceuticals, and perfumes. Benzoyl chloride is also an important intermediate in the synthesis of benzoyl peroxide, which is widely used as a bleaching agent and a catalyst in polymerization reactions.
The bound/MFN (Most Favored Nation) duty rate for HS Code 29163220 is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% to the imported Benzoyl chloride from all its trading partners. The duty rate is a form of tax imposed on imported goods and serves as a protective measure for domestic industries.
The quantity unit for the import and export of Benzoyl chloride under HS Code 29163220 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported. It provides a standardized way of quantifying the amount of Benzoyl chloride involved in a particular transaction.
HS Code 29163220 is eligible for several special tariff preference programs, which provide certain countries with preferential treatment or duty-free access to the US market. The following programs apply to the import of Benzoyl chloride:
These special tariff preference programs aim to promote economic development, facilitate trade, and strengthen diplomatic relationships between the United States and the countries involved. Importers and exporters should be aware of these programs to take advantage of any applicable benefits or exemptions.
The HS Code 29163220 applies to the import and export of Benzoyl chloride in various US states. The specific states involved in importing Benzoyl chloride may vary depending on the trading partners and the demand for the product. Similarly, the exporting US states may differ based on the production capabilities and international trade relationships.
Overall, understanding the HS Code 29163220 and its associated details is crucial for businesses engaged in the import and export of Benzoyl chloride. It helps ensure compliance with trade regulations, determine applicable duty rates, and explore potential tariff preference programs that can benefit importers and exporters.