Isophthalic acid is a chemical compound with the HS Code 29173915. It is commonly used in various industries such as textiles, plastics, and automotive. In this article, we will explore the details of this HS code, its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
Isophthalic acid is a white crystalline powder that belongs to the class of aromatic carboxylic acids. It is primarily used in the production of polyester resins, which find applications in fiberglass reinforced plastics, coatings, and adhesives. Isophthalic acid is known for its excellent chemical resistance, high heat resistance, and durability.
The HS Code 29173915 is assigned to isophthalic acid by the World Customs Organization (WCO). HS codes are a standardized system for classifying traded products internationally. They are used by customs authorities to identify and categorize goods for tariff and statistical purposes.
The HS Code 29173915 specifically relates to isophthalic acid and helps in streamlining international trade processes by providing a unique identifier for this product.
The bound / MFN (Most Favored Nation) duty rate for isophthalic 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 declared customs value of the imported isophthalic acid.
It is important for importers and exporters to consider this duty rate while engaging in international trade involving isophthalic acid.
The quantity unit for isophthalic acid is kilograms (KG). This unit of measurement is used to quantify the weight of the imported or exported isophthalic acid. It helps in accurately determining the volume of the product being traded.
Importers and exporters need to provide the quantity of isophthalic acid in kilograms while going through customs procedures.
Isophthalic acid may be eligible for special tariff preference programs, which can provide certain benefits and exemptions from import duties. Here are some of the programs applicable to isophthalic acid:
Importers should closely examine the eligibility and requirements of these special tariff preference programs to take advantage of any potential cost savings or trade benefits.
Isophthalic acid is imported into the United States by the following states:
These states play a significant role in the importation and distribution of isophthalic acid within the United States.
As for exporting, the article does not provide specific information about the US states involved in exporting isophthalic acid. However, it can be assumed that any state with manufacturing facilities or distribution networks for isophthalic acid could potentially be involved in its exportation.
the HS Code 29173915 represents isophthalic acid and serves as a crucial identifier for international trade transactions. Importers and exporters of isophthalic acid should be aware of the duty rates, special tariff preference programs, and quantity unit associated with this HS code. Additionally, understanding the importing and exporting US states can provide insights into the distribution and trade flow of isophthalic acid within the United States.