The HS Code 29172000 refers to cyclanic, cyclenic, or cycloterpenic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and their derivatives. This code is used to classify and identify these specific products for international trade purposes.
When importing or exporting goods under this HS code, it is crucial to understand the product description, quantity unit, and any special tariff preference programs that may apply. Let's delve into the details of this HS code to gain a comprehensive understanding.
The product description covered by HS Code 29172000 includes cyclanic, cyclenic, or cycloterpenic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and their derivatives. These substances are commonly used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing.
Cyclanic acids are a type of cyclic carboxylic acid that contains a saturated cyclic structure. Cyclenic acids, on the other hand, are cyclic carboxylic acids with at least one unsaturated bond within the cyclic structure. Cycloterpenic acids are cyclic carboxylic acids derived from terpenes, which are organic compounds found in essential oils.
The derivatives of these acids can include esters, salts, and other chemical compounds that are derived from the parent acids. These derivatives often possess unique properties and are used in specialized applications.
The bound / MFN duty rate for products classified under HS Code 29172000 is 4.2%. 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 of 4.2% is applied to the customs value of the imported or exported goods. It is important for traders to consider this duty rate when calculating the overall cost of importing or exporting products under this HS code.
The quantity unit for products classified under HS Code 29172000 is kilograms (KG). This unit of measurement is used to determine the weight of the goods being imported or exported. It is essential for accurate documentation and calculation of customs duties, freight charges, and other logistical considerations.
Products classified under HS Code 29172000 may be eligible for various special tariff preference programs, which can affect the applicable duty rates. Some of the notable programs include:
These special tariff preference programs provide duty-free treatment for imports from specific countries or regions. It is important for traders to determine their eligibility for these programs and take advantage of any cost-saving opportunities.
When it comes to the importing and exporting of products classified under HS Code 29172000, it is essential to consider the specific US states involved in the trade. The importing and exporting US states can impact various aspects such as transportation logistics, customs procedures, and trade regulations.
Traders should familiarize themselves with the specific requirements of both the importing and exporting US states to ensure compliance with all applicable laws and regulations. This includes understanding any additional documentation, permits, or licenses that may be required for the import or export of goods under HS Code 29172000.
HS Code 29172000 represents cyclanic, cyclenic, or cycloterpenic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and their derivatives. This code is essential for classifying and identifying these specific products for international trade purposes. Traders should thoroughly understand the product description, duty rates, quantity unit, and any special tariff preference programs that may apply to ensure smooth and compliant trade transactions.