HS Code 29095050: Ether-phenols, Ether-alcohol-phenols and Their Derivatives
Ether-phenols, ether-alcohol-phenols, and their derivatives are classified under HS Code 29095050. This code is used to identify and categorize these specific types of chemical compounds for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 29095050.
Product Description:
HS Code 29095050 covers a range of chemical compounds known as ether-phenols, ether-alcohol-phenols, and their derivatives. These compounds are characterized by the presence of an ether or ether-alcohol group attached to a phenol structure. Additionally, these compounds may undergo halogenation, sulfonation, nitration, or nitrosation processes to produce various derivatives.
Duty Rates:
The bound and MFN (Most Favored Nation) duty rate for HS Code 29095050 is 5.5%. This means that when a country reduces trade barriers or opens up its market, it must apply this duty rate to the import of ether-phenols, ether-alcohol-phenols, and their derivatives from all its trading partners.
Quantity Unit:
The quantity unit for HS Code 29095050 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products.
Special Tariff Preference Programs:
Several special tariff preference programs are available for imports classified under HS Code 29095050. These programs offer reduced or duty-free treatment for specific countries or regions. The following are some of the programs and their associated rates:
- Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under this subheading receive duty-free treatment. This includes countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, and more.
- 1%: Imports from Singapore receive a special rate of 1% under this tariff preference program.
It is important for importers and exporters to familiarize themselves with these special tariff preference programs to take advantage of the benefits they offer. By understanding the eligibility criteria and requirements, businesses can reduce their import costs and increase their competitiveness in the global market.
Importing and Exporting US States:
HS Code 29095050 applies to imports and exports of ether-phenols, ether-alcohol-phenols, and their derivatives in the United States. It is applicable to all importing and exporting states within the country.
HS Code 29095050 represents ether-phenols, ether-alcohol-phenols, and their halogenated, sulfonated, nitrated, or nitrosated derivatives. This code is used for trade classification purposes and helps facilitate international commerce. Understanding the product description, duty rates, 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 compounds.
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