Harmonized System Codes • Schedule B • Harmonized Commodity Description

Acetates of Polyhydric Alcohols or of Polyhydric Alcohol Ethers: An Educational Overview

The HS Code 29153947 refers to acetates of polyhydric alcohols or of polyhydric alcohol ethers. This article aims to provide an extensive understanding of this HS code by delving into its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

Acetates of polyhydric alcohols or of polyhydric alcohol ethers fall under the HS code 29153947. These substances are derived from the combination of polyhydric alcohols or their ethers with acetic acid. Polyhydric alcohols are compounds that contain multiple hydroxyl (OH) groups, while polyhydric alcohol ethers are their corresponding ether derivatives. Acetates of these compounds are widely used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing.

Duty Rates

The bound or most-favored-nation (MFN) duty rate for products classified under the HS code 29153947 is 5.5%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market for specific goods or services. This means that regardless of the country of origin, the importers are subject to a 5.5% duty rate.

Quantity Unit

The quantity unit for products classified under the HS code 29153947 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported acetates of polyhydric alcohols or of polyhydric alcohol ethers. It is essential to accurately measure the quantity to comply with customs regulations and determine the appropriate duty rates.

Special Tariff Preference Programs

Several special tariff preference programs provide benefits for importing products classified under the HS code 29153947. These programs offer reduced or duty-free treatment for specific countries. Here are some of the relevant programs:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible products imported into participating countries, including Australia, Bahrain, Canada, Chile, the European Union, Israel, Japan, Jordan, South Korea, Morocco, Mexico, Oman, Peru, Singapore, and many others.
• Australia Special Rate: Australia grants a special rate for importing acetates of polyhydric alcohols or of polyhydric alcohol ethers.
• Bahrain Special Rate: Bahrain offers a special rate for these products.
• NAFTA for Canada: Under the North American Free Trade Agreement, Canada provides duty-free treatment for these acetates.
• Chile Special Rate: Chile has a special rate for importing these products.
• Caribbean Basin Initiative (CBI): Participating countries in the Caribbean Basin Initiative, such as the Dominican Republic, benefit from duty-free treatment.
• Israel Special Rate: Israel offers duty-free treatment for acetates of polyhydric alcohols or of polyhydric alcohol ethers.
• Andean Trade Preference Act (ATPA): Countries in the Andean region, including Colombia, Ecuador, and Peru, enjoy special rates for importing these products.
• Jordan Special Rate: Jordan provides a special rate for these acetates.
• Agreement on Trade in Pharmaceutical Products: This agreement grants duty-free treatment for pharmaceutical products, including acetates of polyhydric alcohols or of polyhydric alcohol ethers.
• Morocco Special Rate: Morocco offers a special rate for importing these products.
• NAFTA for Mexico: Similar to Canada, Mexico provides duty-free treatment under NAFTA.
• Oman Special Rate: Oman grants a special rate for these acetates.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Participating countries in the DR-CAFTA agreement, such as the Dominican Republic, benefit from duty-free treatment.
• Peru Special Rate: Peru provides a special rate for these acetates.
• Singapore Special Rate: Singapore offers duty-free treatment for acetates of polyhydric alcohols or of polyhydric alcohol ethers.

Importing and Exporting US States

The HS code 29153947 applies to acetates of polyhydric alcohols or of polyhydric alcohol ethers imported into and exported from various states in the United States. The specific states involved in the import and export of these products may vary depending on market demand and trade activities.

the HS code 29153947 encompasses acetates of polyhydric alcohols or of polyhydric alcohol ethers. This article has provided an educational overview of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs. Importers and exporters can utilize this information to navigate the regulations and take advantage of any applicable special tariff programs.