Cinnamic acid, classified under HS Code 29163906, is an important chemical compound used in various industries. In this article, we will explore the details of this product, its import and export regulations, as well as its special tariff preference programs. Let's dive into the world of cinnamic acid!
Cinnamic acid is an organic compound with the chemical formula C9H8O2. It is a white crystalline solid with a pleasant, sweet aroma. This compound is naturally found in the bark of cinnamon trees, as well as in the balsamic resin of storax. Cinnamic acid is widely used in the production of perfumes, flavorings, and pharmaceuticals.
The HS Code 29163906 is a specific code that is used to classify cinnamic acid in international trade. This code helps in identifying and categorizing the product for customs and statistical purposes. It is important to correctly identify the HS code while importing or exporting cinnamic acid to ensure compliance with trade regulations.
The bound or most-favored-nation (MFN) duty rate for cinnamic acid is 6.5%. This rate applies to all countries that lower trade barriers or open up their markets. It ensures that the same duty rate is applied to cinnamic acid from all trading partners of a country. It is essential to consider this duty rate while calculating the cost of importing or exporting cinnamic acid.
The quantity unit for cinnamic acid is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of the product being imported or exported. It is important to accurately measure and declare the quantity of cinnamic acid to comply with customs regulations.
Cinnamic acid may be eligible for special tariff preference programs, which offer reduced or duty-free treatment for imports. The following programs apply to cinnamic acid:
These special tariff preference programs aim to promote trade and economic cooperation between countries by offering favorable treatment for certain products. Importers and exporters of cinnamic acid should take advantage of these programs to minimize costs and enhance competitiveness.
Cinnamic acid can be imported into various states in the United States. Importers can distribute this chemical compound to states such as:
These states have a significant demand for cinnamic acid due to their diverse industries and manufacturing sectors. Importers should consider the specific regulations and requirements of each state while importing cinnamic acid.
On the other hand, cinnamic acid can also be exported from the United States to various destinations worldwide. Some of the prominent exporting states include:
These states are known for their advanced chemical industries and have the infrastructure to produce and export cinnamic acid to meet global demand.
Cinnamic acid, classified under HS Code 29163906, is a versatile chemical compound used in multiple industries. Understanding the product description, HS code, duty rates, and special tariff preference programs is crucial for importers and exporters of cinnamic acid. By complying with the regulations and taking advantage of favorable trade programs, businesses can successfully navigate the international market and contribute to the growth of their respective industries.