The HS Code 29094401 refers to the classification of Monoalkyl ethers of ethylene glycol or of diethylene glycol. This code is used internationally to classify and categorize goods for import and export purposes. It helps to standardize trade and ensure that the same goods are treated equally across different countries.
Product description: Monoalkyl ethers of ethylene glycol or of diethylene glycol are chemical compounds derived from ethylene glycol or diethylene glycol. These compounds are commonly used in various industries, including pharmaceuticals, cosmetics, and industrial processes. They have properties that make them useful as solvents, lubricants, and intermediates in chemical reactions.
Bound / MFN duty rate: The bound / MFN (Most Favored Nation) duty rate for HS Code 29094401 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. The duty rate is a percentage of the value of the imported goods and is imposed to protect domestic industries or generate revenue for the government.
Quantity unit: The quantity unit for HS Code 29094401 is kilograms (KG). This unit is used to measure the weight or quantity of the imported or exported goods. It provides a standard measurement that allows for accurate record-keeping and trade transactions.
Special tariff preference programs: There are several special tariff preference programs applicable to HS Code 29094401. These programs provide specific benefits and exemptions to eligible countries. The following countries are granted special rates or duty-free treatment for the importation of Monoalkyl ethers of ethylene glycol or of diethylene glycol:
Importing US states and Exporting US states: The HS Code 29094401 is applicable to all importing and exporting states in the United States. This means that the code is used for trade transactions involving Monoalkyl ethers of ethylene glycol or of diethylene glycol across all states within the country.
HS Code 29094401 represents Monoalkyl ethers of ethylene glycol or of diethylene glycol in international trade. It provides a standardized classification system for these chemical compounds and helps facilitate trade by ensuring equal treatment of goods across countries. The code is accompanied by a bound / MFN duty rate and is subject to special tariff preference programs for eligible countries.