Fumaric acid is a chemical compound that is widely used in various industries, including food and beverages, pharmaceuticals, and cosmetics. It has many applications, such as a food additive, a flavoring agent, a pH regulator, and a chemical intermediate. In this article, we will explore the HS code 29171915, which specifically refers to fumaric acid derived in whole or in part from aromatic hydrocarbons.
The Harmonized System (HS) code is an internationally recognized system for classifying products in international trade. It helps standardize the classification of goods for customs purposes and facilitates the collection of trade statistics. The HS code 29171915 is specifically assigned to fumaric acid derived from aromatic hydrocarbons, distinguishing it from other forms of fumaric acid.
The bound or most-favored-nation (MFN) duty rate for HS code 29171915 is 6.5%. 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 duty rate of 6.5% applies to the import of fumaric acid derived from aromatic hydrocarbons into most countries.
The quantity unit for HS code 29171915 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight or volume of goods being imported or exported. It allows for accurate documentation and tracking of trade transactions involving fumaric acid derived from aromatic hydrocarbons.
There are also special tariff preference programs that apply to HS code 29171915. These programs offer reduced or duty-free rates for importing fumaric acid derived from aromatic hydrocarbons into certain countries. The following countries have special tariff rates for this HS code:
The special tariff rates for these countries promote trade and economic cooperation, providing incentives for the importation of fumaric acid derived from aromatic hydrocarbons.
Importing and exporting of HS code 29171915 is not limited to specific US states. Fumaric acid derived from aromatic hydrocarbons can be imported into and exported from any US state, subject to the applicable regulations and requirements. However, it is important for importers and exporters to comply with customs procedures, including proper classification, documentation, and adherence to any specific regulations or restrictions imposed by individual states.
HS code 29171915 represents fumaric acid derived in whole or in part from aromatic hydrocarbons. This code is used to classify and facilitate the trade of this chemical compound. The duty rate, quantity unit, and special tariff preference programs associated with this HS code provide valuable information for importers and exporters, enabling them to navigate international trade regulations and take advantage of tariff benefits offered by certain countries.