Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29051990: Saturated Monohydric Alcohols, nesoi

Saturated monohydric alcohols, nesoi, are classified under HS Code 29051990. This HS code is used to categorize and identify specific products for international trade purposes. In this article, we will delve into the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs associated with it.

Product Description

The product description for HS Code 29051990 is "Saturated monohydric alcohols, nesoi." This classification encompasses a range of alcohols that are saturated and contain a single hydroxyl group. These alcohols are not specified elsewhere and fall under the "nesoi" (not elsewhere specified or included) category.

Duty Rates

The bound or most-favored-nation (MFN) duty rate for HS Code 29051990 is 3.7%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services.

Quantity Unit

The quantity unit for HS Code 29051990 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the saturated monohydric alcohols being imported or exported.

Special Tariff Preference Programs

HS Code 29051990 is eligible for several special tariff preference programs. These programs provide preferential treatment to specific countries or regions, often in the form of duty-free treatment. The programs applicable to this HS code include:

• Generalized System of Preferences (GSP): Provides duty-free treatment
• Australia Special Rate: Offers a special duty rate for Australia
• Bahrain Special Rate: Offers a special duty rate for Bahrain
• NAFTA for Canada: Provides duty-free treatment under the North American Free Trade Agreement
• Chile Special Rate: Offers a special duty rate for Chile
• Caribbean Basin Initiative (CBI): Provides duty-free treatment
• Israel Special Rate: Offers a special duty rate for Israel
• Andean Trade Preference Act (ATPA): Provides duty-free treatment
• Jordan Special Rate: Offers a special duty rate for Jordan
• Agreement on Trade in Pharmaceutical Products: Provides duty-free treatment
• Morocco Special Rate: Offers a special duty rate for Morocco
• NAFTA for Mexico: Provides duty-free treatment under the North American Free Trade Agreement
• Oman Special Rate: Offers a special duty rate for Oman
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment
• Peru Special Rate: Offers a special duty rate for Peru
• Singapore Special Rate: Offers a special duty rate for Singapore

Importing and Exporting US States

When it comes to importing, the following US states are involved in trade related to HS Code 29051990: Alaska, Louisiana, and Montana. These states are engaged in the importation of saturated monohydric alcohols classified under this HS code.

On the other hand, the state of Louisiana is also involved in the exportation of these alcohols. This indicates that Louisiana plays a significant role in the trade of saturated monohydric alcohols, both as an importer and exporter.

Overall, HS Code 29051990 plays a crucial role in the international trade of saturated monohydric alcohols. Understanding its product description, duty rates, special tariff preference programs, and the states involved in import and export can provide valuable insights for businesses and policymakers involved in this industry.