Maleic acid is a widely used chemical compound that falls under HS Code 29171923. This article aims to provide an extensive overview of this product, including its description, duty rates, quantity units, and special tariff preference programs. If you are interested in importing or exporting maleic acid, this article will offer valuable insights.
Maleic acid is a dicarboxylic acid with the chemical formula C?H?O?. It is a white crystalline powder that is soluble in water and ethanol. Maleic acid is primarily used in the production of various chemicals, including resins, paints, adhesives, and pharmaceuticals. It is also used as a food additive and in the textile industry.
The HS Code 29171923 is specifically assigned to maleic acid. HS codes, also known as Harmonized System codes, are internationally recognized codes used to classify products for customs and trade purposes. This code ensures uniformity and standardization in international trade, making it easier for customs officials and traders to identify and categorize goods.
The bound or Most Favored Nation (MFN) duty rate for maleic acid 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 is applied to the customs value of the imported maleic acid and is subject to change based on trade agreements and policies.
The quantity unit for maleic acid is kilograms (KG). When importing or exporting maleic acid, the quantity will be measured and declared in kilograms. It is important to accurately report the quantity to ensure compliance with customs regulations and to facilitate smooth trade transactions.
Maleic acid enjoys various special tariff preference programs that offer reduced or duty-free rates. These programs aim to promote trade, economic development, and cooperation between countries. The following countries and programs provide favorable tariff rates for importing maleic acid:
These special tariff preference programs provide opportunities for cost savings and increased competitiveness when trading maleic acid with the mentioned countries.
Maleic acid can be imported into and exported from various US states. The specific states involved in the import and export of maleic acid may vary depending on market demand and supply chains. It is important to consider the logistical aspects and customs regulations of the respective states when engaging in international trade of maleic acid.
maleic acid, classified under HS Code 29171923, is a versatile chemical compound used in various industries. Understanding its product description, duty rates, quantity units, and special tariff preference programs is essential for successful international trade. By leveraging the benefits of these programs and complying with customs regulations, importers and exporters can optimize their operations and contribute to the growth of the maleic acid market.