HS Code: 29089909
Product description: 1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt
When it comes to international trade, it is crucial to have a clear understanding of the Harmonized System (HS) codes and their corresponding product descriptions. HS Code 29089909 represents 1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt. This article will provide an in-depth overview of the product, its tariff rates, and special tariff preference programs associated with it.
1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt is a chemical compound used in various industries, including the manufacturing of dyes and intermediates. The compound is known for its sulfonic acid groups, which make it highly soluble in water. Its chemical formula is C10H8O7S2Na2.
This compound is commonly used as a dye intermediate, especially in the production of reactive dyes. It plays a crucial role in providing colorfastness and durability to fabrics, making it an essential component in the textile industry.
Understanding the duty rates associated with a particular HS code is essential for importers and exporters. The bound or Most Favored Nation (MFN) duty rate for HS Code 29089909 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners.
The duty rate of 5.5% is applicable to the value of the imported 1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt. Importers need to consider this duty rate when calculating the total cost of importing the product.
Several special tariff preference programs are available for importers of 1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt. These programs offer reduced or duty-free treatment, making it more cost-effective to import the product. Below are the special tariff preference programs associated with HS Code 29089909:
Importers should consider these special tariff preference programs while planning their import strategy, as they can significantly impact the overall cost of importing 1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt.
HS Code 29089909 is imported to and exported from various US states. Based on the available data, the product has been imported and exported from the state of Arkansas multiple times.
Arkansas, located in the southern region of the United States, is known for its diverse economy and active participation in international trade. The state's strategic location and robust infrastructure make it an ideal hub for importing and exporting various goods, including chemicals and dyes.
Importers and exporters in Arkansas can take advantage of the special tariff preference programs available for HS Code 29089909, ensuring a competitive edge in the global market.
HS Code 29089909 represents 1,8-Dihydroxynaphthalene-3,6-disulfonic acid and its sodium salt. Importers and exporters dealing with this product need to be aware of its product description, tariff rates, and special tariff preference programs. Understanding these details is crucial for efficient international trade and ensuring competitiveness in the market.