Coumarin, methylcoumarins, and ethylcoumarins are chemical compounds that have various uses in different industries. These compounds are classified under HS Code 29322100, which is used to identify them for import and export purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 29322100.
The product description for HS Code 29322100 is "Coumarin, methylcoumarins, and ethylcoumarins." Coumarin is a fragrant organic compound that is commonly used in perfumes, cosmetics, and flavorings. Methylcoumarins and ethylcoumarins are derivatives of coumarin and have similar applications. These compounds are known for their pleasant aroma and are often used to enhance the scent of various products.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29322100 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 of 6.5% applies to the import or export of coumarin, methylcoumarins, and ethylcoumarins under this HS Code.
The quantity unit for HS Code 29322100 is kilograms (KG). This unit is used to measure the weight of coumarin, methylcoumarins, and ethylcoumarins during import or export transactions. It is important to accurately measure the quantity of these compounds to ensure compliance with trade regulations and to facilitate smooth customs clearance processes.
HS Code 29322100 is eligible for various special tariff preference programs that provide benefits to certain countries. These programs allow for reduced or duty-free import/export rates for the specified goods. Here are the special tariff preference programs associated with HS Code 29322100:
These special tariff preference programs offer different benefits to specific countries or regions, ranging from duty-free treatment to reduced duty rates. Importers and exporters dealing with coumarin, methylcoumarins, and ethylcoumarins under HS Code 29322100 should explore these programs to take advantage of the available benefits and optimize their trade activities.
HS Code 29322100 is applicable for importing and exporting coumarin, methylcoumarins, and ethylcoumarins to and from various US states. The following states are involved in the import and export of products under this HS Code:
These states play a significant role in the import and export of coumarin, methylcoumarins, and ethylcoumarins, and businesses operating in these states should be aware of the regulations and requirements associated with HS Code 29322100.
HS Code 29322100 represents coumarin, methylcoumarins, and ethylcoumarins. This article has discussed the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS Code. Importers, exporters, and businesses involved in the trade of these compounds should familiarize themselves with the relevant regulations and take advantage of the available tariff preferences to optimize their international trade activities.