The HS Code 29163976 refers to a specific category of chemical compounds known as other aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and their derivatives. This code is used for international trade purposes to classify and regulate the import and export of these substances.
These aromatic monocarboxylic acids and their derivatives are versatile chemicals used in various industries, including pharmaceuticals, cosmetics, and the production of fragrances and flavors. They play a crucial role in the synthesis of many important compounds and are of significant interest to researchers and manufacturers worldwide.
When it comes to international trade, the HS Code 29163976 helps facilitate the smooth flow of goods by providing a standardized classification system. It ensures that customs authorities and importers/exporters can easily identify, track, and regulate the movement of these specific chemicals.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 29163976 is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The duty rate is applied to the declared value of the imported goods and serves as a form of taxation or revenue generation for the importing country.
The quantity unit for products classified under HS Code 29163976 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight or quantity of goods being imported or exported. The KG unit ensures consistency and accuracy in calculating duties, tariffs, and shipping costs.
Several special tariff preference programs may apply to imports or exports of products classified under HS Code 29163976. These programs offer preferential treatment in the form of reduced or zero tariffs, promoting trade and economic growth between participating countries. Here are some of the notable programs:
These special tariff preference programs aim to promote economic cooperation, support developing countries, and incentivize trade between participating nations. Importers and exporters should be aware of the specific requirements and eligibility criteria associated with each program to take full advantage of the benefits they offer.
Products classified under HS Code 29163976 can be imported or exported between various states in the United States. The specific states involved in these transactions may vary depending on the demand, production, and distribution networks for these chemicals. Some of the commonly involved states include:
Importing US States:
Exporting US States:
These states serve as key hubs for the import and export of chemicals, and they play a crucial role in facilitating international trade and ensuring the availability of these aromatic monocarboxylic acids and their derivatives in various industries.
the HS Code 29163976 classifies and regulates the import and export of other aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and their derivatives. It helps streamline international trade, determines the applicable duty rates, and facilitates the implementation of special tariff preference programs. Importers, exporters, and industry professionals should familiarize themselves with this code to ensure compliance and take advantage of the opportunities it presents.