The HS Code 29054950 refers to a specific product category known as "Polyhydric alcohols, nesoi." This article aims to provide comprehensive information about this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Polyhydric alcohols, nesoi, fall under the HS code 29054950. This category includes various types of alcohols that possess multiple hydroxyl groups. These alcohols are commonly used in industries such as pharmaceuticals, cosmetics, food and beverages, and chemical manufacturing.
The bound / MFN (Most Favored Nation) duty rate for the HS code 29054950 is 5.5%. The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of tariffs.
The quantity unit for the HS code 29054950 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported polyhydric alcohols.
The HS code 29054950 is eligible for various special tariff preference programs. These programs provide favorable treatment in terms of duty rates for specific countries. The following are the special tariff preference programs applicable to this HS code:
The HS code 29054950 allows the import and export of polyhydric alcohols between various US states. The specific importing and exporting US states are not mentioned in the provided data. However, it is important for businesses to be aware of the regulations and requirements of each state when engaging in trade activities involving polyhydric alcohols.
the HS code 29054950 represents polyhydric alcohols, nesoi. This versatile category of alcohols finds applications in multiple industries. Importers and exporters should be aware of the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code to facilitate smooth international trade.