The HS Code 29029090 refers to cyclic hydrocarbons that are not elsewhere specified or included. This code is used to classify and categorize these specific types of hydrocarbons for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 29029090 is "Cyclic hydrocarbons, nesoi". The abbreviation "nesoi" stands for "not elsewhere specified or included". This means that this HS code is used for cyclic hydrocarbons that do not fall under any other specific classification within the HS system.
The bound or MFN (Most Favored Nation) duty rate for HS Code 29029090 is free. This means that there is no duty imposed on the import or export of cyclic hydrocarbons classified under this HS code. It is important to note that when 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 quantity unit for HS Code 29029090 is kilograms (KG). This unit is used to measure the weight or quantity of cyclic hydrocarbons being imported or exported under this HS code.
There are several special tariff preference programs applicable to HS Code 29029090. They include:
These special tariff preference programs provide certain benefits or exemptions for the import or export of cyclic hydrocarbons under HS Code 29029090, such as duty-free treatment or special rates based on specific trade agreements or initiatives.
The following US states are involved in the import and export of cyclic hydrocarbons under HS Code 29029090:
These states participate in the import and export of cyclic hydrocarbons classified under HS Code 29029090, indicating the trade activities and geographical distribution of this specific product.
HS Code 29029090 represents cyclic hydrocarbons that are not elsewhere specified or included. This code is used for their classification in international trade. The duty rates for this HS code are free, and the quantity unit is kilograms. There are also various special tariff preference programs available for cyclic hydrocarbons under this code. Additionally, specific US states are involved in the import and export of these hydrocarbons. Understanding the details of HS Code 29029090 is essential for businesses and individuals engaged in international trade.