The HS Code 29163904 refers to specified derivatives of benzoic and toluic acids. In this article, we will explore this HS code in detail, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 29163904 covers specific derivatives of benzoic and toluic acids. Benzoic acid is a white crystalline solid that is used as a food preservative and for various industrial applications. Toluic acid is a group of methylbenzoic acids that are used in the production of dyes, pharmaceuticals, and other chemical compounds.
Under this HS code, the specified derivatives of benzoic and toluic acids are classified and regulated for international trade purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29163904 is free. This means that no duty or tariff is imposed on imports or exports of specified derivatives of benzoic and toluic acids. It is important to note that this duty rate applies when a country lowers a trade barrier or opens up a market, and it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 29163904 is kilograms (KG). This means that the weight of the specified derivatives of benzoic and toluic acids is measured and declared in kilograms for import and export purposes.
Under HS Code 29163904, there are several special tariff preference programs that offer duty-free treatment for imports. These programs include:
These special tariff preference programs allow for duty-free treatment, promoting trade and economic cooperation between countries.
HS Code 29163904 is applicable for both importing and exporting specified derivatives of benzoic and toluic acids from and to various US states. The specific states involved in the import and export activities related to this HS code may vary depending on market demand and trade agreements. Some of the commonly involved importing and exporting US states include:
These states are known for their active participation in international trade and have established infrastructure and facilities to facilitate the import and export of various goods, including specified derivatives of benzoic and toluic acids.
HS Code 29163904 covers specified derivatives of benzoic and toluic acids for international trade purposes. It is classified under various special tariff preference programs and is subject to a duty-free rate. The quantity unit for this HS code is kilograms, and it involves the import and export activities of specified derivatives of benzoic and toluic acids among various US states.