The HS Code 29071920 refers to a specific category of products known as alkylphenols. Alkylphenols are organic compounds that are widely used in various industries for their versatile properties. They are derived from phenols by the process of alkylation, where an alkyl group is added to the phenol molecule.
Alkylphenols have a wide range of applications, making them an essential ingredient in many manufacturing processes. They are commonly used as intermediates in the production of surfactants, detergents, and lubricants. Their ability to reduce surface tension and enhance wetting properties makes them valuable in these industries.
In addition to their role in the manufacturing sector, alkylphenols are also used in the production of antioxidants, which help prevent the degradation of materials due to oxidation. They are used in the production of plastics, rubber, and other polymers to improve their stability and durability.
The HS Code 29071920 is used to classify and regulate the import and export of alkylphenols. It is essential for countries to have a standardized system like the HS Code to ensure smooth international trade. The code consists of six digits, with each digit representing a specific category or subcategory of products.
When importing or exporting alkylphenols, it is crucial to understand the associated duty rates. The bound or most-favored-nation (MFN) duty rate for HS Code 29071920 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 quantity unit for alkylphenols is kilograms (KG). This unit is used to measure the amount of product being imported or exported. It provides a standardized measurement that allows for accurate tracking and documentation of trade transactions.
In some cases, special tariff preference programs may apply to the import or export of alkylphenols. For HS Code 29071920, several countries have specific agreements or rates in place. These include:
These special rates or programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for specific goods.
The HS Code 29071920 plays a crucial role in regulating the import and export of alkylphenols. It provides a standardized classification system and helps ensure fair trade practices among countries. Understanding the code and its associated regulations is essential for businesses and individuals involved in the international trade of alkylphenols.
Overall, alkylphenols are valuable compounds with diverse applications in various industries. They contribute to the production of essential products like surfactants, detergents, lubricants, plastics, and antioxidants. The HS Code 29071920 helps facilitate the global trade of alkylphenols by providing a standardized classification system and regulations.