The HS Code 29329932 refers to the classification of Benzofuran (Coumarone) and Dibenzofuran (Diphenylene oxide) products for international trade. This code is used to identify and categorize these specific chemicals, allowing for easier customs clearance and trade documentation.
Bound / MFN duty rate: Free - This means that there are no duties imposed on these products when they are imported into a country. It is important to note that this duty-free treatment applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners receive equal treatment.
Quantity unit: Kilograms (KG) - Benzofuran (Coumarone) and Dibenzofuran (Diphenylene oxide) are measured in kilograms when traded internationally. This unit of measurement helps standardize the quantity of these chemicals being imported or exported.
Special tariff preference programs: Free (A, AU, BH, CA, CL, E, IL, J, JO, MA, MX, OM, P, PE, SG)
Importing US states: Indiana, New Jersey
Exporting US states: [Information not provided]
Overall, the HS Code 29329932 is important for the international trade of Benzofuran (Coumarone) and Dibenzofuran (Diphenylene oxide) products. Its classification allows for standardized documentation and helps facilitate smooth customs clearance. The duty-free treatment and special tariff preference programs further promote trade and encourage economic cooperation between countries.