In international trade, products are classified using the Harmonized System (HS) codes. These codes are used to identify and categorize different products for customs purposes. HS Code 29081935 refers to derivatives of phenols or phenol-alcohols containing only halogen substituents and their salts. In this article, we will explore this specific HS code and provide relevant information about it.
HS Code 29081935 covers derivatives of phenols or phenol-alcohols that contain only halogen substituents and their respective salts. Phenols are organic compounds that have a hydroxyl group (-OH) attached to an aromatic ring. Halogens refer to elements such as fluorine, chlorine, bromine, iodine, and astatine. The derivatives of phenols in this HS code have halogen atoms replacing hydrogen atoms in the molecular structure.
The inclusion of salts in the product description indicates that the derivatives of phenols or phenol-alcohols can exist in their ionized form. Salts are formed when an acid and a base react to neutralize each other, resulting in the formation of a compound composed of cations and anions.
The bound or most-favored-nation (MFN) duty rate for products under HS Code 29081935 is 5.5%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. It ensures that the same duty rate is applied to the same goods or services from all trading partners.
This duty rate serves as a tariff imposed on the imported products to generate revenue for the importing country and protect local industries. Importers need to consider this duty rate when calculating the overall costs of importing products under HS Code 29081935.
The quantity unit for products classified under HS Code 29081935 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products. It is crucial for accurate record-keeping and assessing the value of the goods being traded.
Several special tariff preference programs exist for products classified under HS Code 29081935. These programs offer preferential treatment in terms of duty rates or duty-free treatment for specific countries or regions. The following are some of the special tariff preference programs applicable to this HS code:
HS Code 29081935 is relevant for trade between various importing and exporting US states. Although the provided data only mentions Arkansas as an example, it is essential to note that this HS code applies to trade between all states within the United States.
HS Code 29081935 represents derivatives of phenols or phenol-alcohols containing only halogen substituents and their salts. It is important for importers, exporters, and customs officials to be familiar with this HS code when engaging in international trade involving these specific products. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 29081935 is crucial for successful trade operations.