The HS Code 29329400 refers to the product Safrole. This code is used internationally to classify and identify goods for customs and trade purposes. In this article, we will delve into the details of Safrole, its usage, and the implications of the HS Code 29329400.
Safrole is a chemical compound commonly found in various natural sources, including the roots, bark, and leaves of certain plants. It is primarily extracted from the sassafras tree, which is native to certain regions of North America and East Asia.
Safrole has a distinct aroma and is often used as a fragrance in soaps, perfumes, and cosmetics. It also serves as a precursor for the synthesis of several other compounds, including the drug MDMA (ecstasy) and certain pesticides.
The bound / MFN duty rate for Safrole is 6.5%. This means that whenever a country reduces a trade barrier or opens up a market, it must do so for Safrole imports from all its trading partners. This rate ensures fair and non-discriminatory treatment for Safrole trade across different countries.
The quantity unit for measuring Safrole is kilograms (KG). This unit is commonly used in international trade to specify the weight or quantity of goods being imported or exported.
Safrole enjoys special tariff preference programs in several countries. These programs provide certain benefits and exemptions for the importation of Safrole. The countries offering special tariff preferences for Safrole under HS Code 29329400 include:
These special tariff preference programs provide duty-free treatment for Safrole imports from the specified countries. The programs aim to promote trade and foster economic cooperation between the participating nations.
The HS Code 29329400 Safrole is imported and exported by various states in the United States. The specific states involved in importing and exporting Safrole include both domestic and international trade partners. Some of the notable importing and exporting US states for Safrole are:
These states play a vital role in the Safrole trade, ensuring its availability in the domestic market and facilitating international exports.
The HS Code 29329400 identifies and categorizes Safrole for international trade purposes. Safrole, a chemical compound with various applications, is subject to a 6.5% bound / MFN duty rate. However, it also benefits from special tariff preference programs in several countries, allowing for duty-free treatment. Various US states actively participate in importing and exporting Safrole, contributing to its global trade. Understanding the HS Code and its associated details is crucial for businesses and organizations involved in the Safrole trade.