Tetrachloroethylene, also known as Perchloroethylene, is a chemical compound that is widely used in various industries for its cleaning and degreasing properties. It falls under the HS Code 29032300, which is used to classify and track the import and export of this specific product.
The HS Code 29032300 specifically refers to Tetrachloroethylene and helps in identifying and categorizing it for customs and trade purposes. This code is recognized internationally and is used by customs authorities worldwide to ensure accurate classification and documentation of goods.
The product description for HS Code 29032300 is Tetrachloroethylene (Perchloroethylene). Tetrachloroethylene is a colorless, non-flammable liquid with a sweet odor. It is primarily used as a solvent in dry cleaning, metal degreasing, and as a chemical intermediate in the production of other chemicals.
When importing or exporting Tetrachloroethylene, it is essential to consider the duty rates associated with HS Code 29032300. The bound/MFN (Most Favored Nation) duty rate for this HS Code is 3.4%. 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.
The quantity unit for Tetrachloroethylene is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported. It is crucial to accurately declare the quantity of Tetrachloroethylene to ensure compliance with customs regulations.
There are several special tariff preference programs associated with HS Code 29032300. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the eligible countries. Importers and exporters should take advantage of these programs to benefit from reduced or eliminated tariffs.
It is crucial for both importing and exporting US states to be aware of the regulations and requirements associated with HS Code 29032300. This knowledge ensures smooth and compliant trade transactions. Importing states must adhere to customs regulations and accurately declare the quantity and value of Tetrachloroethylene. Exporting states must also comply with export control laws and provide the necessary documentation for the shipment.
HS Code 29032300 pertains to Tetrachloroethylene (Perchloroethylene). This code helps in classifying and tracking the import and export of this chemical compound. The duty rates, special tariff preference programs, and quantity unit associated with this HS Code are essential factors to consider for businesses engaged in international trade involving Tetrachloroethylene.