HS Code 29321100: A Comprehensive Guide to Tetrahydrofuran
Tetrahydrofuran (THF) is a widely used chemical compound that falls under the HS Code 29321100. In this article, we will explore the various aspects of this HS Code and provide detailed information about Tetrahydrofuran.
Product Description
Tetrahydrofuran, also known as THF, is a colorless organic compound with the molecular formula C4H8O. It is a versatile solvent and is commonly used in various industries such as pharmaceuticals, polymers, and laboratories. THF is highly flammable and has a distinctive odor. It is miscible with water and many organic solvents, making it an excellent choice for various applications.
HS Code 29321100
The HS Code 29321100 is specifically assigned to Tetrahydrofuran. HS Codes, also known as Harmonized System Codes, are a standardized international system to classify traded products. They are used by customs authorities to identify and categorize goods for the purpose of tariff determination and trade statistics.
Duty Rate
The bound or MFN (Most Favored Nation) duty rate for Tetrahydrofuran under the HS Code 29321100 is 3.7%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.
Quantity Unit
The quantity unit for Tetrahydrofuran is kilograms (KG). This unit of measurement is commonly used for trade and transportation purposes to determine the quantity of goods being imported or exported.
Special Tariff Preference Programs
Under the HS Code 29321100, Tetrahydrofuran is eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty rates. The following countries have special tariff preference programs for Tetrahydrofuran:
- Australia (duty-free treatment)
- Bahrain (special rate)
- Canada (NAFTA - duty-free treatment)
- Chile (special rate)
- European Union (duty-free treatment)
- Israel (special rate - duty-free treatment)
- Japan (duty-free treatment)
- Jordan (special rate)
- Morocco (special rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (special rate)
- Dominican Republic-Central American (DR-CAFTA) (special rate)
- Peru (special rate)
- Singapore (special rate)
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for certain goods.
Importing and Exporting US States
Tetrahydrofuran under the HS Code 29321100 is imported and exported by various US states. The following US states are actively involved in the import and export of Tetrahydrofuran:
These states play a significant role in the trade of Tetrahydrofuran, contributing to the overall import and export statistics of the United States.
Tetrahydrofuran (THF) is a widely used chemical compound categorized under the HS Code 29321100. It is a versatile solvent with numerous applications in various industries. Understanding the details of the HS Code, duty rates, special tariff preference programs, and the involvement of US states in its import and export can provide valuable insights into the global trade of Tetrahydrofuran.
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