The HS Code 29051300 refers to Butan-1-ol, also known as n-Butyl alcohol. This article will provide an extensive overview of this product, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
Butan-1-ol, or n-Butyl alcohol, is a chemical compound with the formula C4H10O. It is a primary alcohol that is commonly used as a solvent in various industries, including paints, coatings, and adhesives. Butan-1-ol is a colorless liquid with a strong, fruity odor.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29051300 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the import of Butan-1-ol from all its trading partners. The duty rate is a percentage of the product's customs value and is paid by the importer.
The quantity unit for Butan-1-ol is kilograms (KG). This unit of measure is used to determine the weight or mass of the product being imported or exported.
There are several special tariff preference programs available for Butan-1-ol under HS Code 29051300. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty rates. The countries and programs applicable to Butan-1-ol include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for importing and exporting certain goods.
For the importation of Butan-1-ol under HS Code 29051300, the following US states are involved:
These states serve as the entry points for Butan-1-ol into the United States, where customs procedures and regulations are followed to ensure compliance with trade laws.
Regarding the exportation of Butan-1-ol under HS Code 29051300, the primary US state involved is Louisiana. This means that Butan-1-ol is mainly shipped from Louisiana to other countries as part of international trade.
HS Code 29051300 represents Butan-1-ol (n-Butyl alcohol), a widely used chemical compound in various industries. It is important for traders, importers, and exporters to understand the product description, duty rates, quantity unit, special tariff preference programs, and the specific US states involved in importing and exporting Butan-1-ol. By having this knowledge, stakeholders can navigate international trade regulations more effectively and take advantage of any available trade incentives.