HS Code 29329300: Piperonal (heliotropin)
Piperonal, also known as heliotropin, is a chemical compound that falls under the HS Code 29329300. This code is used to classify and identify specific products for international trade. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 29329300.
Product Description:
Piperonal, or heliotropin, is a fragrant compound commonly used in the production of perfumes, soaps, and flavorings. It is derived from natural sources such as vanilla, as well as being synthetically produced. Its pleasant aroma and versatility make it a popular choice in various industries.
Bound / MFN Duty Rate:
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 29329300 is 4.8%. 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 4.8% duty rate is applied to the import value of piperonal.
Quantity Unit:
The quantity unit for piperonal under HS Code 29329300 is kilograms (KG). This unit is used to measure the weight or quantity of the product being imported or exported.
Special Tariff Preference Programs:
HS Code 29329300 is eligible for various special tariff preference programs. These programs aim to promote trade and economic development by offering preferential treatment to certain countries. The following special tariff preference programs apply to piperonal:
1. Free Trade Agreement (FTA) Countries:
- Australia (A+)
- Australia (AU)
- Bahrain (BH)
- Canada (CA)
- Chile (CL)
- Dominican Republic-Central America (DR-CAFTA)
- Israel (IL)
- Japan (J)
- Jordan (JO)
- Morocco (MA)
- Mexico (MX)
- Oman (OM)
- Peru (P)
- Singapore (SG)
2. Special Rate Programs:
- Africa Growth and Opportunity Act (AGOA)
- Caribbean Basin Initiative (CBI)
- Andean Trade Preference Act (ATPA)
These special tariff preference programs provide duty-free treatment for piperonal imports from eligible countries. It is important for importers and exporters to understand the specific requirements and conditions of each program to take advantage of the tariff benefits.
Importing US States and Exporting US States:
HS Code 29329300 applies to trade between various importing and exporting US states. The specific states involved in the import and export of piperonal may vary, depending on market demand, production capabilities, and transportation logistics.
HS Code 29329300 is assigned to piperonal (heliotropin), a chemical compound widely used in the fragrance and flavoring industries. It is important for businesses involved in the import and export of piperonal to understand the duty rates, quantity unit, and special tariff preference programs associated with this HS Code. By leveraging the available tariff programs, businesses can optimize their trade activities and contribute to global economic growth.
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