The HS Code 29072210 refers to Hydroquinone (Quinol) and its salts, specifically the photographic grade. This code is used to classify and identify this particular product for international trade purposes. Understanding the HS code is important for importers, exporters, and customs officials as it ensures accurate classification and smooth trade transactions.
Hydroquinone, also known as Quinol, is a chemical compound commonly used in the photographic industry. It is primarily used as a developing agent in black and white film and paper processing. Its salts, derivatives of Hydroquinone, also find applications in the same industry.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29072210 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. This duty rate applies to the importation of Hydroquinone (Quinol) and its salts, photographic grade, across various countries.
The quantity unit for HS Code 29072210 is kilograms (KG). This unit is used to measure the weight of the imported or exported product. It provides a standardized metric for trade transactions and ensures consistency in quantity measurements.
There are special tariff preference programs available for the importation of Hydroquinone (Quinol) and its salts, photographic grade, under HS Code 29072210. These programs allow certain countries to enjoy preferential treatment, often in the form of duty-free importation. The countries eligible for these special tariff preference programs include:
These special tariff preference programs promote trade facilitation and encourage economic cooperation between countries. By offering duty-free treatment or special rates, these programs aim to reduce trade barriers and increase market access for eligible countries.
When importing Hydroquinone (Quinol) and its salts, photographic grade, under HS Code 29072210, it is essential to be aware of the applicable special tariff preference programs and the specific requirements for each country. This ensures compliance with customs regulations and takes advantage of any available trade benefits.
HS Code 29072210 represents Hydroquinone (Quinol) and its salts, photographic grade. This code enables accurate classification and identification of the product for international trade purposes. Understanding the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and customs officials to facilitate smooth trade transactions and promote economic cooperation among countries.