The HS Code 29104000 refers to nonaromatic epoxides, epoxyalcohols, epoxyphenols, and epoxyethers with a three-membered ring, and their derivatives. This code is used to classify and categorize these specific types of chemicals for international trade purposes. Let's explore more about this HS code and its implications.
The product description for HS Code 29104000 includes nonaromatic epoxides, epoxyalcohols, epoxyphenols, and epoxyethers with a three-membered ring, and their derivatives. Epoxides are organic compounds that contain a three-membered ring called an epoxy group. These compounds are commonly used in various industrial applications, including adhesives, coatings, and electrical insulation materials.
The derivatives of these nonaromatic epoxides can be obtained by modifying their chemical structure or by incorporating other functional groups. These derivatives may exhibit different properties and can be tailored for specific applications.
The bound or most-favored-nation (MFN) duty rate for HS Code 29104000 is 4.8%. The MFN principle states that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This means that the duty rate of 4.8% applies to imports of these nonaromatic epoxides and their derivatives from all trading partners, unless specific tariff preference programs are applicable.
The quantity unit for HS Code 29104000 is kilograms (KG). This unit is used to measure the weight or mass of the imported or exported nonaromatic epoxides and their derivatives. Kilograms provide a standardized and easily comparable measurement for trade transactions.
Several special tariff preference programs are available for imports of products classified under HS Code 29104000. These programs provide preferential treatment, such as duty-free or reduced-duty rates, to eligible countries. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote economic development, regional integration, and trade cooperation between countries by facilitating the movement of goods and reducing trade barriers.
HS Code 29104000 applies to imports and exports of nonaromatic epoxides and their derivatives to and from various US states. The specific importing and exporting states may vary depending on market demand, production capabilities, and trade agreements. Some of the major importing and exporting US states for products classified under this HS code include:
These states have a significant presence in the chemical industry and have established trade networks for sourcing and distributing nonaromatic epoxides and their derivatives.
HS Code 29104000 represents nonaromatic epoxides, epoxyalcohols, epoxyphenols, and epoxyethers with a three-membered ring, and their derivatives. This code, along with its associated duty rates and tariff preference programs, plays a crucial role in regulating international trade of these chemicals. Understanding and complying with the requirements related to this HS code is essential for importers, exporters, and other stakeholders involved in the trade of these products.