The HS Code 29161420 refers to other esters of methacrylic acid, which are chemical compounds used in various industries. This article will provide an extensive overview of the HS code, its description, and relevant information related to it.
Product Description: Other Esters of Methacrylic Acid
The HS code 29161420 specifically categorizes esters of methacrylic acid that are not classified under any other specific HS code. Methacrylic acid esters are commonly used as monomers in the production of polymers and resins. These compounds have various applications in industries such as adhesives, coatings, textiles, and healthcare.
Bound / MFN Duty Rate: 3.7%
The bound or most-favored-nation (MFN) duty rate for HS code 29161420 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate to similar goods or services from all its trading partners. The duty rate is a percentage of the value of the imported goods and is imposed to protect domestic industries or generate revenue for the government.
Quantity Unit: Kilograms (KG)
The quantity unit for HS code 29161420 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the imported or exported products. It helps in calculating the customs duties, freight charges, and logistics related to the transportation of goods.
Special Tariff Preference Programs: Free (A, AU, BH, CA, CL, E, IL, J, JO, MA, MX, OM, P, PE, SG)
HS code 29161420 is eligible for several special tariff preference programs. These programs provide duty-free treatment or reduced duty rates for the importation of goods. The countries or regions included in these programs are:
Importing US States and Exporting US States
The HS code 29161420 is applicable to imports and exports from various US states. It is important to note that the HS code applies to the product itself rather than specific states. However, some US states may have specific regulations or requirements for the importation or exportation of goods.
the HS code 29161420 represents other esters of methacrylic acid. These compounds have diverse applications in industries such as adhesives, coatings, textiles, and healthcare. Importers and exporters should be aware of the duty rates, quantity units, and special tariff preference programs associated with this HS code to facilitate international trade.