The HS Code 29012300 refers to the product description of Butene (Butylene) and its isomers. This code is used to classify and identify the specific type of goods being imported or exported. In this article, we will explore the details of this HS code and its implications in international trade.
Butene, also known as Butylene, is an organic compound with the formula C4H8. It is a colorless gas that is commonly used in the production of various chemicals and polymers. Butene has multiple isomers, including cis-2-butene, trans-2-butene, and 1-butene. These isomers have different physical and chemical properties and find applications in different industries.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29012300 is free. This means that no import duty is levied on this product when it is traded between countries. This is in line with the principle of non-discrimination in international trade, where a country must offer the same trade barriers or market access to all its trading partners for the same goods or services.
The quantity unit for HS Code 29012300 is kilograms (KG). This unit is used to measure the weight of the product being imported or exported. It provides a standardized measurement that allows for easy comparison and calculation of trade volumes.
HS Code 29012300 enjoys special tariff preference programs in various countries. These programs provide additional benefits or exemptions from import duties for eligible countries. The following countries have special tariff rates or duty-free treatment for Butene and its isomers:
When it comes to the United States, the HS Code 29012300 is imported and exported by several states. The states involved in importing Butene and its isomers (HS Code 29012300) include Montana, Utah, Wyoming, and West Virginia. These states play a significant role in the trade of this product within the United States.
On the other hand, the exporting states for HS Code 29012300 are primarily Montana, North Dakota, and Pennsylvania. These states contribute to the overall export of Butene and its isomers from the United States to other countries.
The HS Code 29012300 represents Butene (Butylene) and its isomers in international trade. It is a vital code that helps classify and track the trade of this specific product. Knowing the details of this HS code, including the product description, duty rates, special tariff preference programs, and the states involved in import and export, provides a comprehensive understanding of the global trade dynamics surrounding Butene.