HS Code 29051600 - Octanol (Octyl alcohol) and isomers thereof
Octanol, also known as Octyl alcohol, is a chemical compound that falls under the HS Code 29051600. This article will provide an extensive overview of the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states for this HS Code.
Product Description:
The HS Code 29051600 covers Octanol and its isomers. Octanol is an organic compound with the chemical formula C8H18O. It is a colorless liquid that is soluble in organic solvents but relatively insoluble in water. Octanol is commonly used as a solvent, intermediate, or raw material in various industries, including the production of plasticizers, flavors, and fragrances.
Duty Rate:
The bound and MFN (Most Favored Nation) duty rate for HS Code 29051600 is 3.7%. 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 duty rate is applied to the value of the imported Octanol and its isomers.
Quantity Unit:
The quantity unit for HS Code 29051600 is kilograms (KG). This means that the weight of the imported or exported Octanol and its isomers is measured in kilograms.
Special Tariff Preference Programs:
There are several special tariff preference programs available for Octanol and its isomers under HS Code 29051600. These programs provide preferential treatment in terms of duty rates. The following countries and programs offer duty-free treatment or special rates for Octanol:
- Generalized System of Preferences (GSP): This program provides duty-free treatment for Octanol imports.
- Australia Special Rate: Australia offers a special rate for Octanol imports.
- Bahrain Special Rate: Bahrain has a special rate for Octanol imports.
- NAFTA for Canada: Octanol imports from Canada are eligible for duty-free treatment under the North American Free Trade Agreement.
- Chile Special Rate: Chile offers a special rate for Octanol imports.
- Caribbean Basin Initiative (CBI): Octanol imports from CBI countries receive duty-free treatment.
- Israel Special Rate: Israel provides duty-free treatment for Octanol imports.
- Andean Trade Preference Act (ATPA): ATPA countries offer a special rate for Octanol imports.
- Jordan Special Rate: Jordan has a special rate for Octanol imports.
- Morocco Special Rate: Morocco offers a special rate for Octanol imports.
- NAFTA for Mexico: Octanol imports from Mexico are eligible for duty-free treatment under the North American Free Trade Agreement.
- Oman Special Rate: Oman has a special rate for Octanol imports.
- Dominican Republic-Central American Special Rate (DR-CAFTA): DR-CAFTA countries offer a special rate for Octanol imports.
- Peru Special Rate: Peru has a special rate for Octanol imports.
- Singapore Special Rate: Singapore offers a special rate for Octanol imports.
Importing US States:
The following US states are known for importing Octanol and its isomers under HS Code 29051600:
- Alaska
- Louisiana
- Montana
These states have a demand for Octanol and its isomers, possibly due to their industrial activities or specific manufacturing requirements.
Exporting US States:
The following US state is known for exporting Octanol and its isomers under HS Code 29051600:
- Louisiana
Louisiana is a major exporter of Octanol and its isomers, indicating its strong presence in the chemical industry and its ability to meet international demand.
HS Code 29051600 represents Octanol and its isomers. This article provided an extensive overview of the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states for this HS Code. Octanol is a versatile chemical compound with various applications, and its trade is facilitated through special tariff programs and preferential treatment.
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