The HS Code 29215930 refers to the product known as 4,4'-Methylenedianiline. In this educational article, we will explore the details of this HS code, including its description, duty rates, quantity unit, and special tariff preference programs. Let's dive in!
4,4'-Methylenedianiline is a chemical compound used in various industrial applications. It is commonly known as MDA and is primarily used as a curing agent in the production of epoxy resins. These resins find extensive use in industries such as coatings, adhesives, and composites.
The chemical structure of 4,4'-Methylenedianiline consists of two benzene rings connected by a methylene bridge. This compound is known for its excellent heat resistance, mechanical strength, and electrical insulating properties, making it an essential component in many high-performance materials.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29215930 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 of 6.5% applies to the import of 4,4'-Methylenedianiline, ensuring a fair and consistent trade environment.
The quantity unit specified for the import of 4,4'-Methylenedianiline is kilograms (KG). This unit of measurement is widely used in international trade to quantify the amount of goods being imported or exported. It allows for accurate tracking and documentation of the product's weight, ensuring transparency and efficiency in trade transactions.
HS Code 29215930 is eligible for various special tariff preference programs, providing certain countries with favorable trade conditions. Here are some of the programs and the corresponding countries:
These special tariff preference programs aim to promote trade and economic development between countries by reducing or eliminating import duties on specific goods. Importers and exporters should familiarize themselves with the specific requirements and conditions of each program to benefit from the associated advantages.
While the data provided does not explicitly specify the importing and exporting US states for 4,4'-Methylenedianiline, it is worth considering the importance of Puerto Rico in international trade. Puerto Rico has a strategic location and serves as a major hub for importing and exporting goods to and from the United States.
The favorable geographical position of Puerto Rico allows for efficient logistics and transportation, making it an attractive destination for businesses involved in international trade. Its proximity to other Caribbean and Latin American countries further enhances its role as a trade gateway.
HS Code 29215930 represents 4,4'-Methylenedianiline, a chemical compound with diverse industrial applications. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and industry professionals. By leveraging this information, businesses can navigate international trade more effectively and seize opportunities for growth and success.