When it comes to international trade, it is essential to have a standardized system for identifying and classifying products. This is where the Harmonized System (HS) codes come into play. These codes, developed by the World Customs Organization (WCO), are used by countries around the world to classify and categorize traded goods. In this article, we will explore the HS Code 29031960, which refers to saturated chlorinated derivatives of acyclic hydrocarbons, nesoi.
The HS Code 29031960 specifically pertains to a group of chemical substances that are derived from acyclic hydrocarbons and have undergone chlorination. These derivatives are saturated, meaning they do not contain any double or triple bonds. The "nesoi" abbreviation stands for "not elsewhere specified or included," indicating that this code covers derivatives that are not classified under any other specific HS code.
When importing or exporting products classified under HS Code 29031960, it is important to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 5.5%. The MFN duty rate is the rate that applies to all trading partners when a country lowers a trade barrier or opens up a market. This ensures that the same goods or services receive equal treatment from all trading partners.
The quantity unit for products classified under HS Code 29031960 is kilograms (KG). This unit is used to measure the weight of the imported or exported goods.
In certain cases, special tariff preference programs may apply to products classified under HS Code 29031960. These programs provide preferential treatment in terms of duty rates for specific trading partners. For example, the following countries or regions have duty-free treatment for this HS code: Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, Lebanon, Morocco, Mexico (under NAFTA), Oman, Peru, and the United States. Singapore, on the other hand, offers a special rate of 1% for this HS code.
It is worth noting that these special tariff preference programs are subject to change, and traders should always consult the latest regulations and agreements to ensure compliance.
When it comes to importing products classified under HS Code 29031960, various states in the United States serve as import destinations. These states include but are not limited to California, New York, Texas, Florida, and Illinois.
On the other hand, when exporting products classified under HS Code 29031960 from the United States, they can be sent to numerous countries around the world. Some of the major export destinations for these products include Canada, Mexico, China, Japan, and Germany.
the HS Code 29031960 refers to saturated chlorinated derivatives of acyclic hydrocarbons, nesoi. This code is used to classify and categorize these specific chemical substances in international trade. Importers and exporters should be aware of the applicable duty rates, quantity units, and any special tariff preference programs that may apply to this HS code. By understanding and complying with these regulations, traders can ensure smooth and efficient cross-border transactions.