The Harmonized System (HS) Code 29171927 refers to a specific group of chemicals including succinic acid, glutaric acid, and their derivatives, as well as derivatives of adipic, fumaric, and maleic acids. This code is used to classify and identify these substances for international trade purposes.
Succinic acid and glutaric acid are dicarboxylic acids commonly used in the production of various industrial and consumer products. They have numerous applications in the fields of pharmaceuticals, food and beverages, agriculture, and plastics, among others. These acids and their derivatives are essential components in the synthesis of various chemicals and materials.
Under the HS Code 29171927, the bound or most-favored-nation (MFN) duty rate for these products is 6.5%. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This duty rate is applicable to all imports of succinic acid, glutaric acid, and their derivatives, regardless of the country of origin.
The quantity unit for measuring these chemicals is kilograms (KG). This unit is used to determine the weight or quantity of succinic acid, glutaric acid, and their derivatives being imported or exported.
There are also special tariff preference programs applicable to HS Code 29171927. Certain countries and regions have negotiated preferential treatment for imports of these chemicals, either through duty-free treatment or reduced duty rates. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP) program. Australia, Bahrain, Canada (under NAFTA), Chile, and several other countries also offer special rates for these products.
When it comes to importing succinic acid, glutaric acid, and their derivatives into the United States, various states have different regulations and requirements. Similarly, exporting these chemicals from the United States to other countries may also involve specific considerations and procedures. It is essential for businesses and individuals involved in the trade of these products to understand the applicable rules and comply with all necessary documentation and regulations.
HS Code 29171927 encompasses succinic acid, glutaric acid, and their derivatives, as well as derivatives of adipic, fumaric, and maleic acids. These chemicals have diverse applications and are used in various industries worldwide. Understanding the HS code, duty rates, and special tariff preference programs is crucial for importers and exporters of these products to ensure compliance and facilitate international trade.