When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where Harmonized System (HS) codes come into play. Each product is assigned a unique HS code, enabling countries to accurately identify and classify traded items. In this article, we will delve into the details of HS Code 29145050, which pertains to nonaromatic ketone-phenols and ketones with other oxygen function.
Product Description: Nonaromatic ketone-phenols and ketones with other oxygen function are chemical compounds that contain both ketone and phenol functional groups. These compounds play a crucial role in various industries, including pharmaceuticals, cosmetics, and polymers.
Bound/MFN Duty Rate: The bound/MFN duty rate for HS Code 29145050 is 4%. 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. This rate ensures fairness and equal treatment for all parties involved.
Quantity Unit: The quantity unit for HS Code 29145050 is kilograms (KG). This unit of measurement allows for accurate and standardized calculations when determining the quantity of nonaromatic ketone-phenols and ketones with other oxygen function being traded.
Special Tariff Preference Programs: Several special tariff preference programs apply to HS Code 29145050. These programs offer preferential treatment and duty-free benefits to specific countries. The following countries enjoy special tariff rates for this HS code:
These special tariff preference programs aim to promote trade and foster economic relationships between countries. By providing duty-free treatment or special rates, they encourage the import and export of nonaromatic ketone-phenols and ketones with other oxygen function.
Importing US States: HS Code 29145050 allows for the importation of nonaromatic ketone-phenols and ketones with other oxygen function into various states within the United States. Importers can bring these products into any state, including but not limited to:
Exporting US States: HS Code 29145050 allows for the export of nonaromatic ketone-phenols and ketones with other oxygen function from the United States to various states around the world. Exporters can ship these products from any state, including but not limited to:
HS Code 29145050 encompasses nonaromatic ketone-phenols and ketones with other oxygen function. This code allows for the classification, import, and export of these chemical compounds in a standardized manner. Understanding the details and implications of this HS code is crucial for businesses and individuals involved in the international trade of nonaromatic ketone-phenols and ketones with other oxygen function.