The HS Code 29036980 refers to a specific product category under the Harmonized System (HS) classification. In this article, we will explore the details of this HS code, including its product description, duty rate, quantity unit, and special tariff preference programs.
The product covered by HS Code 29036980 is categorized as "Other Halogenated Derivatives of Aromatic Hydrocarbons, NESOI." NESOI stands for "Not Elsewhere Specified or Included," indicating that this code encompasses various halogenated compounds derived from aromatic hydrocarbons that do not fall under any other specific classification.
Halogenated derivatives of aromatic hydrocarbons are organic compounds that have undergone a chemical reaction with halogens (such as chlorine, bromine, or fluorine) to introduce halogen atoms into the aromatic ring structure. These compounds are widely used in various industries, including pharmaceuticals, agrochemicals, and manufacturing processes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29036980 is 5.5%. The MFN duty rate is the rate applied to imports from 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.
It is important to note that the duty rate mentioned here is subject to change based on trade agreements, negotiations, or specific country policies. Importers and exporters should always consult the latest tariff schedules and regulations to determine the applicable duty rate for their specific trade transactions.
The quantity unit for HS Code 29036980 is kilograms (KG). This means that the weight of the product being imported or exported is measured in kilograms. The quantity unit is crucial for calculating customs duties, freight charges, and other logistical considerations.
Several special tariff preference programs are available for imports under HS Code 29036980. These programs provide specific benefits, such as reduced or duty-free treatment, to eligible countries or regions. The following are some of the special tariff preference programs applicable to this HS code:
It is essential for importers and exporters to review the specific requirements, eligibility criteria, and documentation necessary to qualify for these special tariff preference programs. Compliance with the program's regulations and procedures is crucial to benefit from the associated advantages.
HS Code 29036980 applies to imports and exports across various US states. The specific states involved in the trade of products falling under this HS code may vary depending on market demand, production capacities, and supply chain dynamics. Importers and exporters need to consider the regulatory requirements, transportation logistics, and market dynamics of the specific US states involved in their trade transactions.
HS Code 29036980 covers "Other Halogenated Derivatives of Aromatic Hydrocarbons, NESOI." Importers and exporters dealing with this product category should familiarize themselves with the product description, duty rate, quantity unit, and special tariff preference programs applicable to their trade transactions. Staying informed about the latest tariff schedules, trade agreements, and regulatory updates is crucial for successful international trade in this product category.