Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29142120: Synthetic Camphor

Synthetic camphor falls under HS Code 29142120. It is a product that is widely used in various industries for its unique properties and applications. In this article, we will explore the HS code 29142120 in detail, including its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

Synthetic camphor is a chemical compound that is derived from turpentine oil. It is a white, crystalline substance with a strong, aromatic odor. Synthetic camphor is commonly used as a fragrance ingredient, as well as in the production of pharmaceuticals, cosmetics, and various industrial products.

Bound / MFN Duty Rate

The bound or MFN (Most Favored Nation) duty rate for HS Code 29142120 is 2.6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate is applied to the declared value of the imported synthetic camphor.

Quantity Unit

The quantity unit for synthetic camphor is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported product. It helps in calculating the overall quantity and pricing of the synthetic camphor shipments.

Special Tariff Preference Programs

There are several special tariff preference programs available for synthetic camphor under HS Code 29142120. These programs provide certain countries with preferential treatment, including duty-free or reduced duty rates. The following countries and programs offer special tariff preferences:

• Generalized System of Preferences (GSP) - Provides duty-free treatment.
• Australia Special Rate - Offers a special rate for import from Australia.
• Bahrain Special Rate - Provides a special rate for import from Bahrain.
• NAFTA for Canada - Offers duty-free treatment for imports from Canada.
• Chile Special Rate - Provides a special rate for import from Chile.
• Caribbean Basin Initiative (CBI) - Offers preferential treatment for countries in the Caribbean Basin region.
• Israel Special Rate - Provides duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA) - Offers preferential treatment for countries in the Andean region.
• Jordan Special Rate - Provides a special rate for import from Jordan.
• Morocco Special Rate - Offers a special rate for import from Morocco.
• NAFTA for Mexico - Provides duty-free treatment for imports from Mexico.
• Oman Special Rate - Offers a special rate for import from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides preferential treatment for countries in the DR-CAFTA region.
• Peru Special Rate - Offers a special rate for import from Peru.
• Singapore Special Rate - Provides a special rate for import from Singapore.

Importing and Exporting US States

Synthetic camphor under HS Code 29142120 is imported and exported by various US states. However, based on the available data, it appears that West Virginia is the primary importing and exporting state for this product.

synthetic camphor under HS Code 29142120 is a versatile product with diverse applications in various industries. Understanding the HS code, duty rates, quantity units, and special tariff preference programs can help importers and exporters make informed decisions and benefit from preferential treatment when importing or exporting synthetic camphor.