When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying various products. In this article, we will explore the HS Code 29269008, which corresponds to the product known as Benzonitrile.
Benzonitrile, also referred to as phenyl cyanide, is an organic compound with the chemical formula C6H5CN. It is a colorless liquid that possesses a distinct almond-like odor. Benzonitrile is primarily used as a solvent in various industries, including pharmaceuticals, dyes, and polymers.
The bound or Most Favored Nation (MFN) duty rate for Benzonitrile is 6.5%. This rate implies 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 6.5% duty rate is applicable regardless of the country of origin.
The quantity unit for Benzonitrile is measured in kilograms (KG). This unit is used to determine the weight or mass of the product being imported or exported.
Benzonitrile is eligible for various special tariff preference programs, granting specific benefits and exemptions. Here are the programs applicable to this product:
The import and export of Benzonitrile can take place between various states within the United States. Some of the notable states involved in importing Benzonitrile include:
On the other hand, the main states involved in exporting Benzonitrile from the United States are:
These states play a significant role in the trade of Benzonitrile, facilitating its movement and availability to various domestic and international markets.
the HS Code 29269008 represents Benzonitrile, a versatile organic compound used across different industries. Understanding the HS Code and its related information is essential for importers, exporters, and trade professionals involved in the global market. By familiarizing ourselves with the product description, duty rates, quantity unit, and special tariff preference programs, we can navigate the trade landscape more effectively and take advantage of the opportunities presented by Benzonitrile.