Gallic acid is a chemical compound that falls under HS Code 29182930. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS Code. Let's delve into the details.
Gallic acid, also known as 3,4,5-trihydroxybenzoic acid, is a naturally occurring organic acid found in various plants and fruits. It is a white crystalline powder with a slightly acidic taste. Gallic acid is widely used in industries such as food and beverage, pharmaceuticals, cosmetics, and even in the production of dyes.
The bound or most-favored-nation (MFN) duty rate for HS Code 29182930 is 1%. 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. This rate ensures fair and equal treatment for all parties involved in international trade.
The quantity unit for Gallic acid under HS Code 29182930 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the imported or exported Gallic acid. It is essential for accurate trade documentation and logistics.
There are several special tariff preference programs associated with HS Code 29182930 for Gallic acid. These programs provide specific benefits and exemptions to certain countries. Here are some of the programs and the countries eligible for them:
These special tariff preference programs aim to promote trade, economic cooperation, and development between countries by reducing or eliminating trade barriers for Gallic acid imports.
When it comes to the import and export of Gallic acid under HS Code 29182930, there are various states in the United States involved in these transactions. The importing US states may vary depending on the specific trade agreements and market demands. Similarly, the exporting US states may differ based on the production capacity and distribution channels established within the country.
It's important for businesses and traders to stay updated with the current regulations, market trends, and trade partners to effectively navigate the import and export process of Gallic acid.
HS Code 29182930 represents Gallic acid, a versatile chemical compound with various applications across industries. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS Code is crucial for international traders and businesses involved in the Gallic acid trade.