Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29321300: Furfuryl Alcohol and Tetrahydrofurfuryl Alcohol

Furfuryl alcohol and tetrahydrofurfuryl alcohol are chemical compounds that are classified under HS Code 29321300. This code is used to identify these specific products in international trade. In this article, we will explore the details of this HS code and provide information about the products it represents.

Product Description:

Furfuryl alcohol and tetrahydrofurfuryl alcohol are both organic compounds that are commonly used in various industries. Furfuryl alcohol is a colorless liquid with a strong odor, while tetrahydrofurfuryl alcohol is a clear liquid with a mild, sweet odor. These alcohols are derived from furfural, which is obtained from agricultural byproducts such as corn cobs, rice husks, and sugarcane bagasse.

These compounds are primarily used as solvents, intermediates in chemical synthesis, and as raw materials for the production of various resins, polymers, and coatings. They find applications in industries such as pharmaceuticals, plastics, paints and coatings, and agricultural chemicals.

Bound / MFN Duty Rate:

The bound / MFN (Most Favored Nation) duty rate for HS Code 29321300 is 3.7%. 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 value of the imported products and serves as a measure to protect domestic industries and regulate international trade.

Quantity Unit:

The quantity unit for HS Code 29321300 is kilograms (KG). This unit is used to measure the weight of the imported or exported furfuryl alcohol and tetrahydrofurfuryl alcohol.

Special Tariff Preference Programs:

Under certain special tariff preference programs, the duty rate for HS Code 29321300 is waived or reduced. The following countries and programs offer special rates or duty-free treatment for these products:

• Generalized System of Preferences (GSP) - Provides duty-free treatment for eligible products.
• Australia Special Rate - Offers a special rate for imports from Australia.
• Bahrain Special Rate - Provides a special rate for imports from Bahrain.
• NAFTA for Canada - Offers duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate - Provides a special rate for imports from Chile.
• Caribbean Basin Initiative (CBI) - Offers duty-free treatment for eligible products from designated Caribbean countries.
• Israel Special Rate - Provides duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA) - Offers duty preferences for imports from designated Andean countries.
• Jordan Special Rate - Provides a special rate for imports from Jordan.
• Morocco Special Rate - Offers a special rate for imports from Morocco.
• NAFTA for Mexico - Provides duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate - Offers a special rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides duty preferences for imports from designated countries in Central America and the Dominican Republic.
• Peru Special Rate - Offers a special rate for imports from Peru.
• Singapore Special Rate - Provides a special rate for imports from Singapore.

Importing US States:

The following US states are known for importing furfuryl alcohol and tetrahydrofurfuryl alcohol:

• Alabama
• Arkansas

Exporting US States:

The same US states, Alabama and Arkansas, are also known for exporting these products to other countries.

HS Code 29321300 represents furfuryl alcohol and tetrahydrofurfuryl alcohol, which are organic compounds with various industrial applications. The code is used to identify these products in international trade and is associated with a specific duty rate and quantity unit. Additionally, certain special tariff preference programs offer duty-free treatment or special rates for imports of these products. Importing and exporting of these products are commonly conducted by states such as Alabama and Arkansas.