The HS Code 29035970 refers to a specific category of chemical products known as "Other Halogenated Derivatives of Cyclanic etc Hydrocarbons Not Derived from Benzene or Other Aromatic Hydrocarbons". This code is used for trade and customs purposes to classify and identify these particular types of chemical substances.
When importing or exporting products falling under this HS code, it is essential to understand the specific regulations and requirements associated with it. This article aims to provide comprehensive information about HS Code 29035970, including its description, duty rates, quantity units, and special tariff preference programs.
The product description covered by HS Code 29035970 includes halogenated derivatives of cyclanic hydrocarbons that are not derived from benzene or other aromatic hydrocarbons. Cyclanic hydrocarbons are a class of organic compounds with a cyclic structure containing carbon and hydrogen atoms.
These halogenated derivatives undergo a chemical process where one or more hydrogen atoms are replaced by halogen atoms, such as chlorine, fluorine, bromine, or iodine. The resulting compounds have unique properties and find various applications in industries like pharmaceuticals, plastics, and chemical manufacturing.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 29035970 is set at 3.7%. The MFN duty rate represents the tariff that must be paid when importing or exporting these goods between countries. It ensures that trade barriers are consistent and applied equally to all trading partners.
Whenever a country decides to lower a trade barrier or open up its market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and non-discriminatory trade practices among nations.
The quantity unit specified for HS Code 29035970 is kilograms (KG). This unit of measurement is used to determine the weight or mass of the imported or exported products falling within this HS code. It ensures standardized measurement and facilitates accurate trade calculations.
Several special tariff preference programs provide certain countries with preferential treatment or exemptions from duty payments for products classified under HS Code 29035970. These programs aim to promote trade, economic development, and cooperation among participating nations.
HS Code 29035970 is relevant for trade between various states in the United States. However, the specific importing and exporting US states associated with this HS code are not provided in the available data. It is advisable to consult the latest trade documentation and regulations to determine the states involved in import and export activities related to this HS code.
HS Code 29035970 represents other halogenated derivatives of cyclanic hydrocarbons not derived from benzene or other aromatic hydrocarbons. It is crucial for importers, exporters, and traders to have a clear understanding of this HS code's product description, duty rates, quantity units, and any applicable special tariff preference programs. Compliance with the relevant regulations and documentation is vital for smooth cross-border trade and customs clearance.