HS Code 29062910: Phenethyl alcohol
Phenethyl alcohol, classified under HS Code 29062910, is a chemical compound that serves various purposes in different industries. This article aims to provide an educational overview of this HS Code, its product description, duty rates, quantity unit, and special tariff preference programs.
Phenethyl alcohol, also known as benzyl carbinol or 2-phenylethanol, is a clear, colorless liquid with a mild floral aroma. It is commonly used as a fragrance ingredient in cosmetics, perfumes, and soaps due to its pleasant scent. Additionally, phenethyl alcohol acts as a preservative in various personal care products, extending their shelf life.
Under the HS Code 29062910, the bound and MFN (Most Favored Nation) duty rate for phenethyl alcohol is 5.5%. 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 is applied based on the value of the imported phenethyl alcohol.
The quantity unit for phenethyl alcohol is measured in kilograms (KG). This unit is used to determine the volume of phenethyl alcohol being imported or exported. The KG unit ensures standardized measurements and facilitates international trade.
One significant aspect to consider when importing or exporting phenethyl alcohol is the availability of special tariff preference programs. These programs offer reduced or duty-free rates for specific countries. Here are some of the special tariff preference programs applicable to HS Code 29062910:
1. Free: Generalized System of Preferences (GSP) provides duty-free treatment for phenethyl alcohol.
2. Australia Special Rate: Australia has a special rate for phenethyl alcohol, offering reduced or duty-free treatment.
3. Bahrain Special Rate: Bahrain offers a special rate for phenethyl alcohol, providing reduced or duty-free treatment.
4. NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), phenethyl alcohol imported from Canada receives duty-free treatment.
5. Chile Special Rate: Chile has a special rate for phenethyl alcohol, offering reduced or duty-free treatment.
6. Caribbean Basin Initiative (CBI): Phenethyl alcohol imported from CBI countries receives duty-free treatment.
7. Israel Special Rate: Israel offers duty-free treatment for phenethyl alcohol.
8. Andean Trade Preference Act (ATPA): Phenethyl alcohol imported from ATPA countries receives duty-free treatment.
9. Jordan Special Rate: Jordan offers a special rate for phenethyl alcohol, providing reduced or duty-free treatment.
10. Morocco Special Rate: Morocco has a special rate for phenethyl alcohol, offering reduced or duty-free treatment.
11. NAFTA for Mexico: Under NAFTA, phenethyl alcohol imported from Mexico receives duty-free treatment.
12. Oman Special Rate: Oman offers a special rate for phenethyl alcohol, providing reduced or duty-free treatment.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): Phenethyl alcohol imported from DR-CAFTA countries receives duty-free treatment.
14. Peru Special Rate: Peru offers a special rate for phenethyl alcohol, providing reduced or duty-free treatment.
15. Singapore Special Rate: Singapore has a special rate of 0.9% for phenethyl alcohol.
When importing phenethyl alcohol into the United States, it is essential to consider the specific regulations and requirements of different states. Similarly, when exporting phenethyl alcohol from the United States, it is crucial to be aware of the regulations and requirements of the destination country or countries.
HS Code 29062910 represents phenethyl alcohol, a versatile chemical compound used in various industries. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS Code is crucial for successful import and export operations. Whether used as a fragrance ingredient or preservative, phenethyl alcohol plays a significant role in the global market.
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