The Harmonized System (HS) code 29012450 refers to isoprene that is less than 95 percent pure. Isoprene is a colorless liquid that is commonly used in the production of synthetic rubber. It is an important raw material for the rubber industry and is primarily used to manufacture products such as tires, belts, hoses, and seals.
The HS code is an internationally recognized system for classifying and coding goods in international trade. It is used by customs authorities around the world to determine the applicable tariffs and regulations for imported and exported goods. The HS code 29012450 specifically identifies isoprene that is less than 95 percent pure.
When importing or exporting goods, it is important to know the HS code for accurate classification and compliance with trade regulations. The HS code allows customs authorities to apply the correct duty rates, determine any applicable preferential trade programs, and ensure compliance with import and export restrictions.
The bound or Most Favored Nation (MFN) duty rate for isoprene less than 95 percent pure is free. This means that there is no duty imposed on imports of this product. However, it is important to note that the MFN duty rate can vary depending on the country and any special trade agreements in place.
In addition to the MFN duty rate, there are also special tariff preference programs that offer duty-free treatment for isoprene less than 95 percent pure. These programs include the Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
These special tariff preference programs provide certain countries with preferential treatment, allowing them to import isoprene less than 95 percent pure at a reduced or zero duty rate. This encourages trade and economic cooperation between participating countries.
The quantity unit for isoprene less than 95 percent pure is kilograms (KG). This unit of measurement is used to determine the quantity of the product being imported or exported. It is important to accurately declare the quantity to ensure compliance with trade regulations and to calculate the applicable duties and taxes.
Based on the available data, the importing US states for isoprene less than 95 percent pure are Montana, Utah, Wyoming, and West Virginia. These states are known for their manufacturing industries and may have a demand for isoprene as a raw material in their production processes.
On the other hand, the exporting US states for isoprene less than 95 percent pure are primarily Montana, North Dakota, and Pennsylvania. These states may have a significant production capacity for isoprene or may serve as distribution hubs for the product.
the HS code 29012450 refers to isoprene less than 95 percent pure. It is an important raw material for the rubber industry and is used in the production of various rubber products. Understanding the HS code, duty rates, and special tariff preference programs is crucial for accurate classification and compliance with trade regulations when importing or exporting isoprene.