When it comes to international trade, having a standardized system for classifying goods is essential. This is where the Harmonized System (HS) code comes into play. The HS code 29071961 specifically refers to 2-t-Butyl ethyl phenol; and 6-t-butyl-2,4-xylenol and ylenols and their salts. In this article, we will explore the details of this HS code, its tariff rates, and special tariff preference programs associated with it.
The HS code 29071961 covers 2-t-Butyl ethyl phenol; and 6-t-butyl-2,4-xylenol and ylenols and their salts. These substances are commonly used in various industries such as pharmaceuticals, cosmetics, and chemical manufacturing. They have important applications in the production of perfumes, disinfectants, antioxidants, and preservatives.
The bound / MFN (Most Favored Nation) duty rate for the HS code 29071961 is free. This means that countries are not required to impose any import duties or tariffs on these goods. It is a commitment made by countries to promote fair and equal trade practices. When 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 quantity unit for the HS code 29071961 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
The HS code 29071961 is eligible for various special tariff preference programs. These programs provide additional benefits or exemptions from import duties for certain countries. The following countries have special tariff rates for this HS code:
These programs aim to promote economic development, facilitate trade, and strengthen bilateral relationships between countries. Importers and exporters can take advantage of these special rates to reduce their costs and increase competitiveness in the global market.
The HS code 29071961 allows goods to be imported and exported between various US states. The specific states involved in importing and exporting this product may vary depending on market demand, production capabilities, and trade agreements. However, some common importing and exporting US states for this HS code include:
These states play a significant role in the import and export of goods under the HS code 29071961, contributing to the overall trade balance and economic growth of the United States.
the HS code 29071961 encompasses 2-t-Butyl ethyl phenol; and 6-t-butyl-2,4-xylenol and ylenols and their salts. It is important for businesses and traders to understand the details of this HS code, including its product description, tariff rates, and special tariff preference programs. By leveraging these insights, importers and exporters can navigate international trade more effectively and capitalize on the opportunities presented by this specific HS code.