The HS Code 29034500 represents a specific category of chemical compounds known as Other Halogenated Acyclic Hydrocarbon Derivatives Perhalogenated Only with Fluorine and Chlorine. This article aims to provide an extensive educational overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with it.
The product description of HS Code 29034500 refers to halogenated acyclic hydrocarbon derivatives that are exclusively perhalogenated with fluorine and chlorine. These compounds are part of the broader category of halogenated hydrocarbons, which are extensively used in various industrial applications, including the production of refrigerants, solvents, and pharmaceutical intermediates.
The bound / MFN (Most Favored Nation) duty rate applicable to HS Code 29034500 is 3.7%. The MFN duty rate represents the rate that must be applied uniformly to all trading partners whenever a country lowers a trade barrier or opens up a market for specific goods or services. This principle ensures fairness and equality in international trade.
The quantity unit for HS Code 29034500 is kilograms (KG). This unit is commonly used to measure the weight or mass of the imported or exported goods in international trade. It provides a standardized and universally recognized unit for efficient trade transactions and logistics.
HS Code 29034500 is eligible for various special tariff preference programs, which offer favorable treatment in terms of duty rates. The following programs provide either duty-free treatment or special rates for importing countries:
These special tariff preference programs aim to promote trade, economic development, and cooperation between countries by providing preferential treatment to specific goods or trading partners.
In the context of HS Code 29034500, the following US states are associated with both importing and exporting this particular product:
These states play a significant role in the import and export of halogenated acyclic hydrocarbon derivatives perhalogenated only with fluorine and chlorine. Their involvement underscores the importance of HS Code 29034500 in the global trade landscape.
HS Code 29034500 represents Other Halogenated Acyclic Hydrocarbon Derivatives Perhalogenated Only with Fluorine and Chlorine. This comprehensive article has provided an in-depth understanding of the HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the relevant importing and exporting US states. By familiarizing ourselves with HS codes, we can facilitate smoother international trade and foster economic growth.