The HS Code 29054400 corresponds to the product D-glucitol, also known as Sorbitol. This article will provide an in-depth overview of the product and its associated tariff information.
D-glucitol or Sorbitol is a sugar alcohol that can be derived from glucose. It is commonly used as a sweetener in various food and beverage products, as well as in pharmaceuticals and personal care products. Sorbitol is often used as a sugar substitute due to its low calorie content and its ability to retain moisture, making it a popular ingredient in sugar-free and reduced-sugar products.
The HS Code 29054400 is an internationally recognized code that is used to classify and categorize specific goods for import and export purposes. In the case of D-glucitol or Sorbitol, this code is used to identify the product and determine the applicable customs duties and trade regulations.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 29054400 is 4.9%. 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 of 4.9% is applicable to the importation of D-glucitol or Sorbitol into various countries.
The quantity unit for HS Code 29054400 is kilograms (KG). This unit of measurement is used to indicate the weight or quantity of D-glucitol or Sorbitol being imported or exported.
There are several special tariff preference programs applicable to the importation of D-glucitol or Sorbitol under HS Code 29054400. These programs provide certain countries with preferential treatment or duty-free access to the product. The following countries are eligible for special tariff preferences:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties on specific products.
HS Code 29054400 is relevant for both importing and exporting D-glucitol or Sorbitol to and from various US states. The specific states involved in the import or export process may vary depending on the trade activities and market demand for the product.
Overall, HS Code 29054400 plays a crucial role in the international trade of D-glucitol or Sorbitol by providing a standardized classification and tariff information. Understanding the HS code and its associated details is essential for businesses and individuals involved in the importation and exportation of this product.