Maleic anhydride is a chemical compound that is widely used in various industries for its versatile properties. The HS code 29171450 specifically refers to maleic anhydride, except when derived from benzene or other aromatic hydrocarbons.
When it comes to international trade, the HS code plays a crucial role in identifying and categorizing goods. It is a standardized system used worldwide to classify products for customs and statistical purposes. The HS code 29171450 helps in streamlining the import and export processes related to maleic anhydride.
The bound or most-favored-nation (MFN) duty rate for HS code 29171450 is 4.2%. This means that every time a country reduces trade barriers or opens up its market, it must do so for maleic anhydride from all its trading partners. This promotes fair and equal trade opportunities for all countries involved.
The quantity unit for HS code 29171450 is kilograms (KG). This unit of measurement allows for accurate tracking and valuation of maleic anhydride during import and export transactions.
Several special tariff preference programs are available for HS code 29171450. These programs offer various benefits, such as duty-free treatment, to certain countries. Some of the programs applicable to maleic anhydride include:
These special tariff preference programs aim to promote economic cooperation and provide advantages to specific countries based on trade agreements and partnerships.
Importing and exporting maleic anhydride under HS code 29171450 involves various US states. The specific states involved in importing this product may vary, depending on the trading partners. Similarly, the exporting US states for maleic anhydride can be diverse, depending on the production and distribution locations.
HS code 29171450 represents maleic anhydride, excluding its derivation from benzene or other aromatic hydrocarbons. This code facilitates the smooth flow of international trade and helps in categorizing and tracking maleic anhydride accurately. The associated duty rates and special tariff preference programs further impact the import and export of this versatile chemical compound.