The Harmonized System (HS) Code 29333915 refers to the product Quinuclidin-3-ol. In this educational article, we will explore the details and implications of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Quinuclidin-3-ol is the specific product associated with HS Code 29333915. It is a chemical compound that belongs to the class of quinuclidines, which are bicyclic organic compounds. Quinuclidin-3-ol is commonly used in pharmaceutical and chemical industries for various purposes, such as synthesis and research.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29333915 is 5.8%. This means that whenever a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 5.8% to imports of Quinuclidin-3-ol from all its trading partners. The purpose of the MFN principle is to ensure fair and non-discriminatory treatment in international trade.
The quantity unit for HS Code 29333915 is kilograms (KG). This implies that the measurement and pricing of Quinuclidin-3-ol are based on its weight in kilograms. It is essential for importers and exporters to accurately report the quantity in KG to comply with customs regulations and facilitate international trade.
Quinuclidin-3-ol under HS Code 29333915 is eligible for various special tariff preference programs. These programs provide specific trade benefits and may result in duty-free treatment or reduced duty rates for the importation of this product. The following programs are applicable:
These special tariff preference programs aim to promote economic development, facilitate trade between countries, and provide opportunities for certain countries to benefit from reduced or eliminated import duties on Quinuclidin-3-ol.
Based on the available data, the following US states are involved in the importation and exportation of Quinuclidin-3-ol:
Importing US states:
Exporting US states:
These US states are actively involved in the trade of Quinuclidin-3-ol, either as importers or exporters, contributing to the global market for this chemical compound.
HS Code 29333915 represents Quinuclidin-3-ol, a chemical compound with various applications in the pharmaceutical and chemical industries. With a bound / MFN duty rate of 5.8%, importers and exporters should be aware of the duty obligations associated with this product. Additionally, the availability of special tariff preference programs offers opportunities for duty-free treatment or reduced duty rates in specific trade scenarios. Understanding the details of these programs and accurately reporting the quantity unit in kilograms (KG) is crucial for smooth international trade operations.
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