Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29182920: Gentisic Acid and Hydroxycinnamic Acid and its Salts

HS Code 29182920 refers to the classification of Gentisic Acid and Hydroxycinnamic Acid and its Salts in international trade. This code is used to identify and track the import and export of these specific products. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description

Gentisic acid and hydroxycinnamic acid and its salts are the specific products classified under HS Code 29182920. Gentisic acid is a naturally occurring compound found in various plants and acts as an antioxidant. Hydroxycinnamic acid, on the other hand, is a group of organic acids that also exhibit antioxidant properties. These substances have various applications in industries such as pharmaceuticals, cosmetics, and food additives.

Duty Rates

The bound or Most Favored Nation (MFN) duty rate for HS Code 29182920 is 6.5%. This means that whenever a country lowers its trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners. The 6.5% duty rate is applicable to the import and export of Gentisic Acid and Hydroxycinnamic Acid and its Salts.

Quantity Unit

The quantity unit for HS Code 29182920 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the imported or exported products. It enables accurate tracking and calculation of the volume of Gentisic Acid and Hydroxycinnamic Acid and its Salts involved in international trade.

Special Tariff Preference Programs

There are several special tariff preference programs associated with HS Code 29182920. These programs provide certain countries with preferential treatment or exemptions from duty payments. The programs applicable to Gentisic Acid and Hydroxycinnamic Acid and its Salts include:

• Free Trade Agreement: Imports from countries eligible for the Free Trade Agreement, such as A+, AU, BH, CA, CL, D, E, IL, J, JO, K, MA, MX, OM, P, PE, and SG, receive duty-free treatment.
• Australia Special Rate: Imports from Australia receive a special rate for duty payments.
• Bahrain Special Rate: Imports from Bahrain receive a special rate for duty payments.
• NAFTA for Canada and Mexico: Imports from Canada and Mexico receive duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate: Imports from Chile receive a special rate for duty payments.
• Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under AGOA.
• Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment under CBI.
• Israel Special Rate: Imports from Israel receive a special rate for duty payments.
• Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment under ATPA.
• Jordan Special Rate: Imports from Jordan receive a special rate for duty payments.
• Agreement on Trade in Pharmaceutical Products: Imports of pharmaceutical products receive duty-free treatment under this agreement.
• Morocco Special Rate: Imports from Morocco receive a special rate for duty payments.
• Oman Special Rate: Imports from Oman receive a special rate for duty payments.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from the Dominican Republic and Central American countries receive a special rate for duty payments under DR-CAFTA.
• Peru Special Rate: Imports from Peru receive a special rate for duty payments.
• Singapore Special Rate: Imports from Singapore receive a special rate for duty payments.

These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.

Importing and Exporting US States

HS Code 29182920 applies to the import and export of Gentisic Acid and Hydroxycinnamic Acid and its Salts in the United States. It is important to note that the specific states involved in importing and exporting these products may vary. The import and export activities may be conducted by various states depending on the demand, availability, and production capabilities.

HS Code 29182920 represents Gentisic Acid and Hydroxycinnamic Acid and its Salts in international trade. This code facilitates the classification, tracking, and regulation of these products. The duty rates, quantity unit, and special tariff preference programs associated with this HS code play a crucial role in determining the cost and trade advantages of importing or exporting Gentisic Acid and Hydroxycinnamic Acid and its Salts.