The HS Code 29171250 refers to a specific product category in international trade, namely adipic acid salts and esters, nesoi. This code is used to classify and categorize goods for customs purposes, ensuring consistency and uniformity in trade regulations.
Adipic acid salts and esters are chemicals that find various applications across industries. They are primarily used in the production of nylon, polyester, and polyurethane. These materials are widely used in the textile, automotive, and packaging industries, among others.
The bound or most favored nation (MFN) duty rate for HS Code 29171250 is 6.5%. This means that whenever 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 value of the imported goods, and it is collected by customs authorities upon entry into the country.
The quantity unit for HS Code 29171250 is kilograms (KG). This unit of measurement is used to determine the weight of the goods being imported or exported.
There are also special tariff preference programs that apply to HS Code 29171250. These programs offer reduced or zero duty rates for certain countries or regions. The following are some of the special tariff preference programs applicable to this HS Code:
These special tariff preference programs aim to promote trade and economic development by providing preferential treatment to certain countries or regions. Importers and exporters should be aware of these programs to take advantage of reduced duty rates and other benefits.
In terms of importing and exporting HS Code 29171250, the United States is both an importing and exporting country. This means that it both receives and sends shipments of adipic acid salts and esters, nesoi. The specific states involved in the import and export of this product may vary depending on market demand, production capabilities, and other factors.
HS Code 29171250 represents adipic acid salts and esters, nesoi, which are chemicals used in various industries. The code is accompanied by a bound or MFN duty rate of 6.5%, and the quantity unit is kilograms (KG). Additionally, there are special tariff preference programs that offer reduced or zero duty rates for certain countries or regions. Importers and exporters should be aware of these programs to optimize their trade activities. The United States is both an importer and exporter of HS Code 29171250, and the specific states involved may vary.