When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) code is a globally recognized system that categorizes products based on their characteristics. HS Code 29121925 specifically refers to the product Butanal, also known as Butyraldehyde, normal isomer.
Butanal is a versatile chemical compound that finds applications in various industries. It is primarily used as a raw material in the production of plastics, resins, and synthetic fibers. Additionally, it serves as a solvent in different industrial processes.
The duty rate associated with HS Code 29121925 is 5.5%. This rate applies to every country that lowers a trade barrier or opens up its market. It ensures that the same goods or services from all trading partners receive equal treatment. This duty rate serves as a measure to promote fair trade practices and maintain a level playing field.
When importing or exporting Butanal, the quantity unit is measured in kilograms (KG). This standardized unit allows for accurate measurement and easier trade transactions.
Furthermore, HS Code 29121925 is eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy duty-free treatment: Australia (A*), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), and Panama (PE).
For Singapore (SG), a special rate of 1% applies under the special tariff preference program. It is important to note that specific conditions and exclusions may apply to each country's eligibility for these programs.
When it comes to the United States, there are certain states that are prominent in importing and exporting Butanal. West Virginia is a significant player in the trade of this product. Its strategic location and strong industrial base make it an ideal hub for importing and exporting chemicals like Butanal.
HS Code 29121925 represents Butanal, a chemical compound with diverse industrial applications. The associated duty rate, quantity unit, and special tariff preference programs play a crucial role in international trade. Understanding the HS code system and its implications is vital for businesses involved in import and export activities.
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