The HS Code 29152400 refers to Acetic Anhydride, a chemical compound used in various industries such as pharmaceuticals, textiles, and plastics. This article aims to provide extensive information about this product, including its uses, import/export regulations, and special tariff preference programs.
Acetic Anhydride, classified under HS Code 29152400, is a colorless liquid with a pungent odor. It is derived from acetic acid and has a wide range of applications. The compound is primarily used as a reagent in the production of cellulose acetate, which is used in the manufacturing of textiles, cigarette filters, and photographic film.
Additionally, Acetic Anhydride is used as a solvent in various chemical reactions and as a catalyst in the production of pharmaceuticals, dyes, and perfumes. It is also utilized in the production of plastics, resins, and artificial sweeteners.
When importing or exporting Acetic Anhydride, it is crucial to adhere to the regulations set forth by the respective countries. The HS Code 29152400 ensures that the product is correctly classified and facilitates international trade.
The bound/MFN duty rate for Acetic Anhydride is 3.5%. This means that every time 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 promotes fair trade practices and equal treatment among countries.
The quantity unit for Acetic Anhydride is kilograms (KG). This measurement is used to determine the quantity of the product being imported or exported.
Acetic Anhydride may be eligible for special tariff preference programs, which provide certain countries with duty-free treatment. The following countries have special rates or free trade agreements in place for Acetic Anhydride:
These special tariff preference programs aim to promote trade relations and economic cooperation between countries. They provide opportunities for businesses to import or export Acetic Anhydride at reduced or zero-duty rates, making it more cost-effective and enhancing market accessibility.
Acetic Anhydride is imported and exported by various US states. The specific states involved in the import and export of this product may vary depending on market demand, manufacturing capabilities, and trade agreements.
Some of the major importing US states for Acetic Anhydride include California, Texas, Illinois, New York, and Ohio. These states have a significant demand for the compound due to their industrial activities and manufacturing sectors.
On the other hand, the major exporting US states for Acetic Anhydride include Texas, Louisiana, Virginia, California, and Georgia. These states have a strong presence in the chemical manufacturing industry and export the product to meet global demand.
the HS Code 29152400 represents Acetic Anhydride, a versatile chemical compound used in various industries. Understanding the product description, import/export regulations, and special tariff preference programs associated with Acetic Anhydride is essential for businesses engaged in international trade.