In the world of international trade, HS codes play a crucial role in identifying and classifying various products. One such HS code is 29269023, which is assigned to 3,5-Dibromo-4-hydroxybenzonitrile, commonly known as Bromoxynil. In this article, we will delve into the details of this chemical compound, its import-export regulations, and the special tariff preference programs associated with it.
3,5-Dibromo-4-hydroxybenzonitrile, or Bromoxynil, is a chemical compound widely used in the agricultural industry as a herbicide. It is primarily utilized to control broadleaf weeds in various crops, including cereals, corn, and cotton. Bromoxynil is known for its selective action, effectively targeting and eliminating unwanted plants while leaving the desired crops unharmed. Its chemical formula is C7H3Br2NO, and it is categorized under HS code 29269023.
The bound or most-favored-nation (MFN) duty rate for HS code 29269023 is set at 6.5%. This means that every time a country lowers a trade barrier or opens up its market, it must apply the same duty rate for the import of 3,5-Dibromo-4-hydroxybenzonitrile from all its trading partners. This rate ensures fair and equal treatment for all nations involved in international trade.
The quantity unit for measuring the import and export of 3,5-Dibromo-4-hydroxybenzonitrile is kilograms (KG). This standardized unit allows for easy and accurate measurement of the chemical compound during trade transactions.
Several special tariff preference programs are available for 3,5-Dibromo-4-hydroxybenzonitrile under HS code 29269023. These programs offer preferential treatment in terms of duty rates for specific countries. The following countries enjoy duty-free treatment for importing Bromoxynil:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for the importation of 3,5-Dibromo-4-hydroxybenzonitrile.
HS code 29269023 applies to the import and export of 3,5-Dibromo-4-hydroxybenzonitrile in the United States. While this chemical compound can be imported and exported to and from various states, it is essential to comply with all relevant regulations and procedures set forth by the US government. Importers and exporters must adhere to customs requirements, documentation, and safety standards to ensure smooth and lawful trade transactions.
Overall, HS code 29269023 plays a vital role in identifying and regulating the import and export of 3,5-Dibromo-4-hydroxybenzonitrile. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is crucial for businesses and individuals involved in the international trade of Bromoxynil.