The HS Code 29349911 refers to a specific product: 2-tert-Butyl-4-(2,4-dichloro-5-isopropoxyphenyl)-delta(squared)-1,3,4-oxadiazolin-5-one, also known as Bentazon or Phosalone. In this article, we will delve into the details of this HS code and explore its implications in international trade.
The product covered by HS Code 29349911 is a chemical compound used in various industries. It is primarily utilized as a herbicide, specifically targeting broadleaf weeds. The composition of this compound includes tert-Butyl, dichloro, isopropoxyphenyl, and oxadiazolinone, making it effective in agricultural applications.
Bentazon and Phosalone are alternative names for this compound, often used interchangeably. These substances have proven to be highly effective in weed control, making them popular among farmers and agricultural professionals.
When it comes to international trade, duty rates play a significant role in determining the cost of importing or exporting goods. The MFN (Most Favored Nation) duty rate for HS Code 29349911 stands at 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The 6.5% duty rate applies to all countries unless special tariff preference programs are in place.
The quantity unit for HS Code 29349911 is kilograms (KG). This unit is widely used in the measurement and trade of chemical compounds, ensuring uniformity and consistency across international borders.
Several special tariff preference programs offer exemptions or reduced duty rates for products falling under HS Code 29349911. These programs include:
These special tariff preference programs aim to promote trade and foster economic relationships between countries by reducing or eliminating trade barriers for specific goods.
HS Code 29349911 is imported into the following US states:
These states have significant demand for the product covered by HS Code 29349911, reflecting its importance in various industries within these regions.
HS Code 29349911 is primarily exported from the state of Iowa and Puerto Rico. These regions have established a strong market for the product and contribute to its global trade.
HS Code 29349911 represents a specific chemical compound, known as Bentazon or Phosalone, which is widely used as a herbicide. The duty rate, quantity unit, and special tariff preference programs associated with this HS code play a crucial role in facilitating international trade. Understanding these details is essential for importers, exporters, and businesses involved in the chemical industry.