The HS Code 29094960 represents a specific classification for a group of chemical substances known as other non-aromatic ether-alcohols and their halogenated, sulfonated, nitrated, or nitrosated derivatives. This code is used to identify and regulate the import and export of these substances across international borders.
When it comes to international trade, it is crucial to have a standardized system for classifying and categorizing goods. The Harmonized System (HS) Code serves this purpose by providing a unique code for each product, facilitating smooth customs procedures and ensuring proper tariffs and regulations are applied.
The product description associated with HS Code 29094960 encompasses a wide range of non-aromatic ether-alcohols and their various derivatives. Non-aromatic ether-alcohols are organic compounds that contain an ether functional group (-O-) and an alcohol functional group (-OH) but lack an aromatic ring. These substances find applications in various industries, including pharmaceuticals, cosmetics, and solvents.
The derivatives of these ether-alcohols can be halogenated, sulfonated, nitrated, or nitrosated, which means they have undergone chemical modifications by adding halogens (such as chlorine or fluorine), sulfonic acid groups, nitro groups, or nitroso groups. These modifications can alter the properties and reactivity of the compounds, making them suitable for specific industrial processes or applications.
One important aspect of HS Code 29094960 is the bound/Most Favored Nation (MFN) duty rate of 5.5%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of tariffs and regulations.
The quantity unit for this HS Code is kilograms (KG). This unit is commonly used in international trade to measure the weight or quantity of goods being imported or exported.
Several special tariff preference programs are available for the import and export of products classified under HS Code 29094960. These programs provide certain countries with preferential treatment or duty-free access to specific markets. Some of the programs applicable to this HS Code include:
It is important for importers and exporters to be aware of these special tariff preference programs and determine if their shipments qualify for any preferential treatment or duty-free access.
HS Code 29094960 represents a classification for non-aromatic ether-alcohols and their derivatives. This code enables proper identification, regulation, and taxation of these substances during international trade. Understanding the product description, duty rate, quantity unit, and special tariff preference programs associated with this HS Code is essential for businesses engaged in the import and export of these chemical substances.