The HS Code 29072300 refers to the product 4,4'-Isopropylidenediphenol, also known as Bisphenol A or Diphenylolpropane, and its salts. This code is used to classify and regulate the import and export of this specific product. In this article, we will explore more about this product, its uses, and the tariff rates associated with it.
4,4'-Isopropylidenediphenol is a chemical compound commonly used in the production of plastics, specifically polycarbonate plastics and epoxy resins. It is a key ingredient in the manufacturing of various consumer goods, including food and beverage containers, baby bottles, medical devices, electronics, and automotive parts. Its versatility and durability make it a preferred choice in many industries.
When importing or exporting 4,4'-Isopropylidenediphenol, it is important to consider the HS Code 29072300. This code helps customs authorities identify and classify the product correctly, ensuring proper regulation and control. It is crucial for businesses involved in the international trade of this chemical to be familiar with the HS Code and comply with the associated requirements.
The Bound / MFN duty rate for HS Code 29072300 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 is applied to the value of the product and is typically paid by the importer. However, it is important to note that duty rates may vary depending on specific trade agreements or special tariff preference programs.
For HS Code 29072300, several special tariff preference programs are applicable. These programs offer reduced or duty-free treatment for the import of 4,4'-Isopropylidenediphenol in certain countries. The programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for the import of certain goods. The specific program applicable to a particular trade transaction depends on the countries involved and their participation in these programs.
When importing 4,4'-Isopropylidenediphenol into the United States, it is important to consider the specific requirements and regulations of the importing US states. Each state may have its own regulations regarding the import of chemicals and may require permits or additional documentation. It is essential to research and comply with these state-specific regulations to ensure smooth importation.
Similarly, when exporting 4,4'-Isopropylidenediphenol from the United States, it is crucial to be aware of the regulations and requirements of the destination country. Different countries may have varying regulations regarding the import of chemicals, and compliance with these regulations is necessary to avoid any legal or logistical issues.
the HS Code 29072300 is used to classify and regulate the import and export of 4,4'-Isopropylidenediphenol and its salts. This chemical compound is widely used in various industries and is subject to specific tariff rates and special tariff preference programs. Businesses involved in the international trade of this product should be familiar with the HS Code and comply with the applicable regulations and requirements to ensure smooth and compliant trade transactions.