Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29054940: Polyhydric Alcohols Derived from Sugars

Polyhydric alcohols derived from sugars, nesoi, fall under HS Code 29054940. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code.

Product Description

Polyhydric alcohols derived from sugars are a type of organic compound. These alcohols are obtained through the chemical modification of sugars and have multiple hydroxyl groups (-OH) attached to their molecular structure. They are commonly used in various industries, including food and beverage, pharmaceuticals, cosmetics, and personal care products.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 29054940 is 5.5%. The MFN principle ensures that every time a country lowers a trade barrier or opens up a market, it must extend the same treatment to all its trading partners for the same goods or services. This duty rate is applicable to imports of polyhydric alcohols derived from sugars from any country.

Quantity Unit

The quantity unit for measuring and trading polyhydric alcohols derived from sugars is kilograms (KG). This unit allows for accurate measurement and facilitates international trade transactions.

Special Tariff Preference Programs

Several special tariff preference programs exist for products classified under HS Code 29054940. These programs provide specific benefits and duty-free treatment for imports of polyhydric alcohols derived from sugars from eligible countries. Some of the special tariff preference programs applicable to this HS code are:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible developing countries.
• Australia Special Rate: Offers special tariff rates for imports from Australia.
• Bahrain Special Rate: Provides preferential rates for imports from Bahrain.
• NAFTA for Canada: Allows duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate: Offers special tariff rates for imports from Chile.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate: Offers duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Provides preferential rates for imports from countries in the Andean region.
• Jordan Special Rate: Offers special tariff rates for imports from Jordan.
• Morocco Special Rate: Provides preferential rates for imports from Morocco.
• NAFTA for Mexico: Allows duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Offers special tariff rates for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides preferential rates for imports from the Dominican Republic and Central American countries.
• Peru Special Rate: Offers special tariff rates for imports from Peru.
• Singapore Special Rate: Provides preferential rates for imports from Singapore.

Importing and Exporting US States

The HS Code 29054940 applies to both importation and exportation of polyhydric alcohols derived from sugars in the United States. Importing states include any state within the US that receives these products from international suppliers. Exporting states, on the other hand, are the US states that produce and ship these polyhydric alcohols derived from sugars to other countries.

HS Code 29054940 represents polyhydric alcohols derived from sugars. These products have various applications across different industries. They are subject to a bound / MFN duty rate of 5.5% and are traded in kilograms. Additionally, several special tariff preference programs provide duty-free treatment for imports of these products from eligible countries. It is essential for importers and exporters to understand these regulations and take advantage of any available benefits.