When it comes to international trade, it is essential to have a standardized system that classifies products. This is where the Harmonized System (HS) Code comes into play. Each product is assigned a unique HS Code, which helps in identifying and categorizing goods for customs and other trade purposes. In this article, we will explore the HS Code 29091918, which refers to Ethers of Acyclic Monohydric Alcohols & Derivatives, NESOI.
Ethers of Acyclic Monohydric Alcohols & Derivatives, NESOI, falls under Chapter 29 of the HS Code classification. This chapter specifically deals with organic chemicals and is further categorized into different subheadings based on the nature of the chemicals. The HS Code 29091918 is a specific subheading that pertains to a particular type of ether.
It is important to note that the HS Code not only provides a standardized classification but also plays a role in determining the import duty rates. The Bound/MFN (Most Favored Nation) duty rate for HS Code 29091918 is 5.5%. This means that whenever a country lowers its trade barriers or opens up its market, it must apply the same duty rate for the import of Ethers of Acyclic Monohydric Alcohols & Derivatives, NESOI, from all its trading partners.
The quantity unit for this HS Code is kilograms (KG). This means that the measurement and trade of Ethers of Acyclic Monohydric Alcohols & Derivatives, NESOI, are done in kilograms.
In addition to the duty rate, there are also special tariff preference programs available for the import of HS Code 29091918. These programs provide certain countries with preferential treatment in terms of duty-free import. The countries that enjoy special tariff preference for this HS Code include Australia, Bahrain, Canada (under NAFTA), Chile, the European Union, Israel, Japan, Jordan, South Korea, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States (under various trade agreements).
When it comes to importing Ethers of Acyclic Monohydric Alcohols & Derivatives, NESOI, into the United States, various states are involved in the trade. Based on the available data, the importing states are Arkansas and Texas. It is important for businesses and traders to be aware of the specific regulations and requirements of these states when importing goods under HS Code 29091918.
HS Code 29091918 refers to Ethers of Acyclic Monohydric Alcohols & Derivatives, NESOI, which falls under Chapter 29 of the Harmonized System. This HS Code has a Bound/MFN duty rate of 5.5% and is measured in kilograms. Additionally, there are special tariff preference programs available for certain countries, allowing them to import these goods duty-free. When importing into the United States, the states of Arkansas and Texas are involved in the trade of this product. Understanding the HS Code and its related information is crucial for businesses and traders engaged in international trade.