Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29071940: Thymol

Thymol is a chemical compound with the HS code 29071940. It is widely used in various industries for its antimicrobial properties and aromatic characteristics. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description

Thymol is a natural compound derived from thyme plants. It is a white crystalline substance with a distinctive aromatic odor. Thymol is commonly used as an antiseptic and disinfectant due to its strong antimicrobial properties. It is also utilized in the production of various personal care products, such as mouthwashes and hand sanitizers.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 29071940 is 4.2%. 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.

Quantity Unit

The quantity unit for Thymol is kilograms (KG). This unit is commonly used to measure the weight or mass of the product during import or export transactions.

Special Tariff Preference Programs

Thymol, under HS Code 29071940, enjoys various special tariff preference programs in different countries. These programs provide certain benefits or exemptions in terms of duty rates. Some of the notable programs for Thymol include:

• Generalized System of Preferences (GSP) - This program offers duty-free treatment for Thymol imported into eligible countries.
• Australia Special Rate - Australia provides a special rate for Thymol imports.
• Bahrain Special Rate - Thymol imports to Bahrain enjoy a special rate.
• NAFTA for Canada - Thymol imported from Canada receives duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate - Chile offers a special rate for Thymol imports.
• Caribbean Basin Initiative (CBI) - Thymol imported into CBI member countries receives certain tariff benefits.
• Israel Special Rate - Imports of Thymol into Israel enjoy duty-free treatment.
• Andean Trade Preference Act (ATPA) - Thymol imports from eligible ATPA countries receive preferential treatment.
• Jordan Special Rate - Jordan offers a special rate for Thymol imports.
• Agreement on Trade in Pharmaceutical Products - Thymol receives duty-free treatment under this agreement.
• Morocco Special Rate - Thymol imports into Morocco enjoy a special rate.
• NAFTA for Mexico - Thymol imported from Mexico receives duty-free treatment under NAFTA.
• Oman Special Rate - Oman provides a special rate for Thymol imports.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Thymol imports from DR-CAFTA member countries receive preferential treatment.
• Peru Special Rate - Peru offers a special rate for Thymol imports.
• Singapore Special Rate - Imports of Thymol into Singapore enjoy a special rate.

Importing and Exporting US States

Thymol can be imported and exported to and from various states in the United States. Some of the common importing states include California, New York, Texas, Florida, and Illinois. On the other hand, major exporting states for Thymol include Texas, California, Florida, New Jersey, and Ohio.

Thymol, classified under HS Code 29071940, is a versatile chemical compound used for its antimicrobial properties and aromatic characteristics. It is subject to a bound or MFN duty rate of 4.2% and is measured in kilograms. Additionally, Thymol benefits from several special tariff preference programs in different countries, providing certain duty-free or preferential treatment. Importing and exporting of Thymol occurs in various states across the United States.