Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 29071100: A Comprehensive Guide to Phenol (Hydroxybenzene) and its Salts

The HS Code 29071100 corresponds to the product description of Phenol (Hydroxybenzene) and its salts. In this article, we will explore the details of this HS Code, including its duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.

Product Description

Phenol, also known as Hydroxybenzene, is a chemical compound that is commonly used in various industries. It is a white crystalline solid that is soluble in water and exhibits a characteristic odor. Phenol and its salts have numerous applications, including the production of resins, plastics, detergents, pharmaceuticals, and agricultural chemicals.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 29071100 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The duty rate of 5.5% applies to the importation of Phenol and its salts into various countries.

Quantity Unit

The quantity unit for HS Code 29071100 is kilograms (KG). This means that the weight of Phenol and its salts is measured in kilograms when it is imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs associated with HS Code 29071100, which provide certain countries with preferential treatment in terms of duty rates. These programs include the following:

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

Importing and Exporting US States

The HS Code 29071100 is relevant for importing and exporting Phenol (Hydroxybenzene) and its salts to and from various US states. The specific states involved in the import and export of this product may vary based on market demand, manufacturing capabilities, and trade agreements.

It is important for businesses and individuals engaged in international trade to be aware of the regulations and requirements associated with HS Code 29071100 when importing or exporting Phenol and its salts. Compliance with customs regulations, duty rates, and special tariff preference programs can help facilitate smooth trade operations and maximize cost savings.

the HS Code 29071100 represents Phenol (Hydroxybenzene) and its salts. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and importing and exporting US states associated with this HS Code is crucial for anyone involved in the international trade of Phenol and its salts.