HS Code 27079951: Phenols > 50% by wt hydroxybenzene
Phenols are organic compounds that contain a hydroxyl group (-OH) attached to an aromatic ring. Hydroxybenzene, also known as phenol, is a type of phenol that is widely used in various industries. HS Code 27079951 specifically refers to phenols with a concentration of more than 50% by weight of hydroxybenzene.
When it comes to international trade, HS codes play a crucial role in identifying and classifying products. They are used by customs authorities to determine the applicable duty rates and any applicable special tariff preference programs. HS Code 27079951 is no exception.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 27079951 is 2.9 cents per kilogram plus an additional 12.5% of the value. This duty rate applies to all countries unless a special tariff preference program is in place.
Speaking of special tariff preference programs, HS Code 27079951 is eligible for several programs that offer reduced or duty-free treatment. These programs include:
1. Generalized System of Preferences (GSP): Under the GSP, eligible countries can export certain products duty-free to the United States. Phenols with more than 50% hydroxybenzene content can benefit from this program.
2. Australia Special Rate: Australia has a special rate for phenols with a concentration of over 50% hydroxybenzene, allowing them to be imported duty-free.
3. Bahrain Special Rate: Bahrain also offers a special rate for this product, enabling duty-free importation.
4. NAFTA for Canada: The North American Free Trade Agreement (NAFTA) provides duty-free treatment for phenols with more than 50% hydroxybenzene when imported from Canada.
5. Chile Special Rate: Chile has a special rate for this product, allowing duty-free importation.
6. Caribbean Basin Initiative (CBI): The CBI offers duty-free treatment for phenols with a concentration of over 50% hydroxybenzene from eligible Caribbean countries.
7. Israel Special Rate: Israel provides duty-free treatment for this product.
8. Andean Trade Preference Act (ATPA): The ATPA offers preferential treatment for phenols with more than 50% hydroxybenzene imported from eligible Andean countries.
9. Jordan Special Rate: Jordan has a special rate for this product, allowing duty-free importation.
10. Morocco Special Rate: Morocco offers a special rate for phenols with a concentration of over 50% hydroxybenzene.
11. NAFTA for Mexico: Similar to Canada, Mexico also benefits from duty-free treatment under NAFTA for phenols with more than 50% hydroxybenzene content.
12. Oman Special Rate: Oman has a special rate for this product, enabling duty-free importation.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): The DR-CAFTA offers preferential treatment for phenols with more than 50% hydroxybenzene imported from eligible Central American countries.
14. Peru Special Rate: Peru provides a special rate for this product, allowing duty-free importation.
In terms of quantity unit, phenols with more than 50% hydroxybenzene are measured in kilograms (KG).
When it comes to importing this product to the United States, Hawaii and Puerto Rico are the most common destinations. On the other hand, several states are involved in exporting phenols with more than 50% hydroxybenzene, including Alabama, Colorado, Louisiana, Maryland, Missouri, Montana, Pennsylvania, Utah, Virginia, West Virginia, and Delaware. It is worth noting that some states, such as Louisiana and Delaware, are involved in both importing and exporting this product.
HS Code 27079951 encompasses phenols with a concentration of more than 50% hydroxybenzene. It is subject to a bound duty rate of 2.9 cents per kilogram plus an additional 12.5% of the value. However, several special tariff preference programs are available, offering reduced or duty-free treatment for this product. Importing states include Hawaii and Puerto Rico, while exporting states include Alabama, Colorado, Louisiana, Maryland, Missouri, Montana, Pennsylvania, Utah, Virginia, West Virginia, and Delaware.
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