The HS Code 29342020 refers to a specific product called 2-Mercaptobenzothiazole, sodium salt, also known as 2-Benzothiazolethiol, sodium salt. This article will provide a detailed description of the product and its trade information.
2-Mercaptobenzothiazole, sodium salt is a chemical compound used in various industries, including rubber, plastics, and pharmaceuticals. It is commonly used as an accelerator in the production of rubber, helping to speed up the vulcanization process. The sodium salt form of this compound enhances its stability and solubility in water.
This product is typically supplied in the form of a white or pale yellow powder. It has a distinct odor and is soluble in water, alcohol, and acetone. 2-Mercaptobenzothiazole, sodium salt is known for its properties such as corrosion inhibition, antioxidant activity, and as a biocide.
The HS Code 29342020 is used to classify and identify this specific product in international trade. The HS Code system is a globally recognized standard for classifying traded goods and is used by customs authorities to determine applicable tariffs, trade statistics, and other trade-related regulations.
Bound / MFN Duty Rate: The bound or most-favored-nation (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 must apply the same duty rate for the same goods or services from all its trading partners.
Quantity Unit: The unit of measurement for this product is kilograms (KG). This unit is commonly used in international trade to measure the quantity or weight of goods being imported or exported.
Special Tariff Preference Programs: The product may be eligible for special tariff preference programs, providing certain countries with preferential treatment or reduced duty rates. Some of the special tariff preference programs applicable to HS Code 29342020 include:
Importing US States: The product is imported into various US states, with Delaware and Puerto Rico being the primary destinations. However, it is also imported into Indiana and Nebraska.
Exporting US States: The product is primarily exported from Missouri, indicating its significance as a trade hub for this particular product.
the HS Code 29342020 represents 2-Mercaptobenzothiazole, sodium salt, a chemical compound used in various industries. This article has provided a detailed product description and trade information, including the bound duty rate, special tariff preference programs, and the importing and exporting US states. Understanding the HS Code and its associated trade information is crucial for importers, exporters, and customs authorities to ensure compliance and facilitate international trade.