When it comes to international trade, every product is assigned a specific code known as the Harmonized System (HS) code. These codes are standardized worldwide and help in classifying goods for customs and statistical purposes. In this article, we will explore the HS Code 29035940, which refers to the product 1,3,5,7,9,11-Hexabromocyclododecane.
1,3,5,7,9,11-Hexabromocyclododecane is a chemical compound commonly used as a flame retardant in various industries. It is primarily used in the production of plastics, textiles, and electronic components. This compound helps prevent or delay the spread of fire, making it an essential ingredient in many products that require fire-resistant properties.
Importing or exporting products assigned with HS Code 29035940 involves certain regulations and duties. The Bound/Most Favored Nation (MFN) duty rate for this code is 3.7%. The MFN duty rate ensures that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trade practices.
The quantity unit for this HS Code is kilograms (KG). This measurement helps in determining the weight or volume of the product being imported or exported. It is essential for accurate record-keeping and calculation of duties or taxes associated with the shipment.
There are also special tariff preference programs available for products with HS Code 29035940. These programs offer reduced or duty-free treatment for specific trading partners. The following countries and programs provide special tariff preferences for 1,3,5,7,9,11-Hexabromocyclododecane:
Now let's take a look at the importing and exporting US states associated with HS Code 29035940:
It is important for businesses and individuals involved in international trade to be aware of the HS Code for their products. This ensures compliance with regulations, accurate classification, and proper documentation. Understanding the specific HS Code for a product like 1,3,5,7,9,11-Hexabromocyclododecane helps streamline processes, calculate duties, and navigate special tariff preference programs.
By adhering to the regulations and utilizing special tariff preference programs, businesses can optimize their trading activities and foster beneficial relationships with their trading partners. The HS Code 29035940 plays a crucial role in facilitating international trade of 1,3,5,7,9,11-Hexabromocyclododecane and ensuring a level playing field for all participants.