When it comes to international trade, it is essential to have a standardized system to classify products. The Harmonized System (HS) code is a global classification system for goods that is used by customs authorities around the world. Each product is assigned a unique HS code, which helps to facilitate international trade and ensure consistency in customs procedures.
One such HS code is 29130020, which is assigned to the product 4-Fluoro-3-phenoxybenzaldehyde. This code provides a specific identification for this particular chemical compound, making it easier for customs officials and traders to categorize and track the product.
4-Fluoro-3-phenoxybenzaldehyde is a chemical compound that is widely used in various industries, such as pharmaceuticals, agrochemicals, and research. It is commonly employed as an intermediate in the synthesis of other compounds and can serve as a building block for the production of different drugs and chemicals.
Now, let's delve into some important aspects related to HS Code 29130020:
The bound or Most Favored Nation (MFN) duty rate refers to the maximum tariff that a country can impose on a particular product. In the case of HS Code 29130020, the bound/MFN duty rate is free. This means that there are no import duties applicable to this product when it enters a country.
It is important to note that the bound/MFN duty rate applies uniformly to all trading partners of a country. This principle ensures fairness and equal treatment in international trade, as countries cannot discriminate against specific trading partners by imposing higher tariffs on their goods.
The quantity unit for HS Code 29130020 is kilograms (KG). This means that the product is measured and traded in kilograms, which is a standard unit of weight used worldwide.
HS Code 29130020 is eligible for several special tariff preference programs, which provide additional benefits or exemptions from import duties. The following countries or regions offer special tariff rates for this product:
These special tariff preference programs aim to promote trade, economic development, and collaboration between countries. They provide reduced or eliminated import duties for qualifying products, including HS Code 29130020.
While HS Code 29130020 is applicable for import and export in all US states, the data provided indicates that the product has been predominantly imported and exported from the state of West Virginia.
West Virginia plays a significant role in the trade of 4-Fluoro-3-phenoxybenzaldehyde, potentially indicating the presence of industries or companies in the state that utilize or produce this compound.
HS Code 29130020 represents 4-Fluoro-3-phenoxybenzaldehyde, a chemical compound with various applications. This code helps to streamline international trade processes, ensure uniformity in customs procedures, and provide specific information about the product. Understanding the details associated with HS codes is crucial for businesses, customs authorities, and traders involved in global commerce.