HS Code 29054920: Esters of Glycerol Formed with the Acids of Heading 2904
The HS Code 29054920 refers to esters of glycerol formed with the acids of heading 2904. This code is used to classify and identify specific products for international trade purposes. It provides a standardized system for customs officials and traders to determine the appropriate duties and regulations that apply to these products.
When importing or exporting goods with the HS Code 29054920, it is important to understand the relevant information associated with it. Here are some key details:
- Product Description: The products classified under this HS Code are esters of glycerol formed with the acids of heading 2904. Glycerol esters are commonly used in various industries, including food, pharmaceuticals, and personal care.
- Bound / MFN Duty Rate: The duty rate for products with the HS Code 29054920 is 5.5%. This rate applies every time a country lowers a trade barrier or opens up a market. It is important to note that this duty rate applies uniformly to the same goods or services from all trading partners.
- Quantity Unit: The quantity unit for products classified under this HS Code is kilograms (KG). This unit is used to measure the weight of the goods being traded.
- Special Tariff Preference Programs: Some countries have special tariff preference programs in place for products with the HS Code 29054920. These programs provide certain benefits or exemptions from duties. The following countries have specific tariff preferences for these products: Australia, Austria, Bahrain, Canada, Chile, Europe, Israel, Japan, Jordan, South Korea, Morocco, Mexico, Oman, Peru, Singapore.
- Importing US States: Products classified under the HS Code 29054920 can be imported into various states in the United States.
- Exporting US States: Products classified under the HS Code 29054920 can be exported from various states in the United States.
It is important for traders and importers/exporters to be familiar with the HS Code system and the specific details associated with each code. This knowledge ensures compliance with customs regulations and facilitates smooth international trade.
Overall, the HS Code 29054920 is used to classify esters of glycerol formed with the acids of heading 2904. It is important to understand the product description, duty rates, quantity unit, and any special tariff preference programs that apply to this code. By adhering to these regulations, traders can ensure efficient and compliant trade of these products.
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