Isophytol, classified under HS Code 29052220, is a chemical compound widely used in various industries. In this article, we will explore the characteristics, applications, and trade regulations associated with this particular HS code.
Isophytol is a chemical compound that falls under the HS Code 29052220. It is derived from phytol, a natural organic compound found in plants, particularly in the chlorophyll molecule. Isophytol has a molecular formula of C20H40O and a molar mass of 296.53 g/mol.
This compound is a colorless, viscous liquid with a mild odor. It is insoluble in water but soluble in organic solvents such as ethanol and acetone. Isophytol is known for its high stability and is commonly used in various applications due to its beneficial properties.
The import and export of products classified under HS Code 29052220 are subject to specific trade regulations and duty rates. The MFN (Most Favored Nation) duty rate for Isophytol is 3.7%. This rate applies every time a country lowers a trade barrier or opens up a market, ensuring equal treatment for the same goods or services from all trading partners.
However, certain countries have special tariff preference programs in place, offering duty-free treatment for Isophytol imports. These countries include:
Isophytol importers in the United States have specific states from which they predominantly source the product. These states include Alaska, Louisiana, and Montana.
On the other hand, Louisiana is a notable exporter of Isophytol within the United States.
Isophytol, classified under HS Code 29052220, is a versatile chemical compound with various applications in pharmaceuticals, cosmetics, food additives, and chemical intermediates. It is essential for importers and exporters to familiarize themselves with the trade regulations and duty rates associated with this HS code, as well as the special tariff preference programs available in certain countries. By understanding these aspects, businesses can navigate the international trade of Isophytol more effectively.