The HS Code 29329935 refers to the product 2-Hydroxy-3-dibenzofurancarboxylic acid. This code is used to classify and identify this specific product in international trade. The HS Code is an internationally recognized system for classifying goods and products, developed and maintained by the World Customs Organization (WCO).
2-Hydroxy-3-dibenzofurancarboxylic acid is a chemical compound used in various industries such as pharmaceuticals, dyes, and organic synthesis. It is commonly used as an intermediate in the production of other chemicals and pharmaceuticals.
The Bound / MFN duty rate for this product is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies to all imports of 2-Hydroxy-3-dibenzofurancarboxylic acid, regardless of the country of origin.
The quantity unit for this product is kilograms (KG). This is the standard unit of measurement used to quantify the amount of 2-Hydroxy-3-dibenzofurancarboxylic acid being imported or exported.
There are also special tariff preference programs available for this product. These programs provide certain countries with preferential treatment in terms of duty rates. For imports of 2-Hydroxy-3-dibenzofurancarboxylic acid, the following special tariff preference programs apply:
These special tariff preference programs allow certain countries to import 2-Hydroxy-3-dibenzofurancarboxylic acid with duty-free treatment or at reduced duty rates.
In terms of importing, the data shows that the states of Indiana and New Jersey are the main importers of 2-Hydroxy-3-dibenzofurancarboxylic acid in the United States. It is important for businesses and traders to be aware of these import statistics to better understand the market demand and potential opportunities for this product.
Overall, the HS Code 29329935 is used to classify and identify the product 2-Hydroxy-3-dibenzofurancarboxylic acid in international trade. Understanding the HS Code and the associated data can provide valuable insights for businesses and traders involved in the import and export of this product.