Maleic anhydride is a chemical compound that is widely used in various industries. It is derived from benzene or other aromatic hydrocarbons and has numerous applications in the manufacturing sector. In this article, we will explore the details of HS Code 29171410, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 29171410 represents maleic anhydride derived in whole or in part from benzene or other aromatic hydrocarbons. Maleic anhydride is a white crystalline solid that is used in the production of various products such as resins, coatings, pharmaceuticals, and agricultural chemicals. It is a versatile compound with a wide range of applications.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29171410 is 6.5%. The MFN duty rate is the rate that applies to imports from all trading partners without any special preferences. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 29171410 is kilograms (KG). This unit is used to measure the weight of maleic anhydride being imported or exported. It provides a standardized measurement that allows for easy calculation and comparison of quantities between different trade transactions.
HS Code 29171410 is eligible for several special tariff preference programs. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy special tariff rates for maleic anhydride:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing certain benefits and incentives for specific goods or services.
HS Code 29171410 is relevant for both importing and exporting US states. This means that maleic anhydride derived from benzene or other aromatic hydrocarbons can be imported into or exported from any state within the United States.
Importers and exporters in the US should be aware of the regulations and requirements related to HS Code 29171410. It is important to comply with customs procedures and documentation to ensure smooth and legal trade transactions.
HS Code 29171410 represents maleic anhydride derived from benzene or other aromatic hydrocarbons. It has various applications and is subject to a bound / MFN duty rate of 6.5%. The quantity unit is kilograms (KG), and there are special tariff preference programs that provide preferential treatment for imports from certain countries. Importing and exporting US states can engage in trade involving this HS code, contributing to the overall economic activities.