When it comes to international trade, the use of Harmonized System (HS) codes is crucial in classifying products for customs purposes. HS Code 29163916 is specifically assigned to the product 4-Chlorobenzoic acid. Let's explore this HS code and understand its significance in international trade.
The HS code 29163916 corresponds to 4-Chlorobenzoic acid, which is a chemical compound widely used in various industries. This compound is part of the benzoic acid family and is characterized by the presence of a chlorine atom in its molecular structure. It is commonly used as an intermediate in the synthesis of pharmaceuticals, dyes, and agrochemicals.
For countries applying the Most Favored Nation (MFN) duty rate system, the duty rate for HS code 29163916 is 6.5%. The MFN principle ensures that any trade barrier reduction or market opening applies equally to all trading partners, promoting fair and non-discriminatory trade practices.
The quantity unit for the product classified under HS code 29163916 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the amount of a specific product being imported or exported.
Several countries have implemented special tariff preference programs that offer reduced or duty-free treatment for products classified under HS code 29163916. Here are the specific preferences for this product:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for importing and exporting specific products, benefiting both the importing and exporting nations.
HS code 29163916, or 4-Chlorobenzoic acid, is imported and exported by various states within the United States. The specific states involved in the import and export of this product may vary based on market demand and manufacturing capabilities. However, some of the prominent importing and exporting states for HS code 29163916 include:
These states play a significant role in facilitating the trade of 4-Chlorobenzoic acid within the United States and with international trading partners.
HS code 29163916 represents 4-Chlorobenzoic acid, a chemical compound used in various industries. Understanding the HS code and its associated details, such as duty rates, quantity units, and special tariff preference programs, is essential for businesses engaged in international trade. By adhering to the correct HS code classification and leveraging special tariff preference programs, businesses can optimize their import and export operations while benefiting from reduced duties or duty-free treatment.