The HS Code 29041037 refers to aromatic derivatives of hydrocarbons containing only sulfo groups, their salts, and ethyl esters, not elsewhere specified. This code is used to classify and identify these specific products for international trade purposes.
When it comes to trade, it is essential to have a standardized classification system to ensure consistency and transparency. The Harmonized System (HS) Code provides this framework by assigning a unique code to each product, facilitating international trade and customs procedures.
The product description for HS Code 29041037 encompasses a range of aromatic derivatives that contain sulfo groups, including their salts and ethyl esters. These compounds are widely used in various industries, such as pharmaceuticals, cosmetics, and chemical manufacturing.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 29041037 is 5.5%. This means that whenever a country reduces trade barriers or opens up its market, it must do so for all its trading partners, applying the same duty rate for this particular product. This principle of non-discrimination promotes fair trade practices and equal treatment among nations.
The quantity unit for imports and exports under HS Code 29041037 is measured in kilograms (KG). This standard unit allows for accurate measurement and tracking of the product's quantity during international trade transactions.
There are several special tariff preference programs applicable to imports under HS Code 29041037. These programs offer specific benefits and preferential treatment to certain countries or regions. Some of these programs include:
These special tariff preference programs aim to promote economic development, regional integration, and cooperation between countries. Importers and exporters should be aware of these programs to take advantage of the benefits they offer, such as duty-free treatment or reduced tariff rates.
For the United States, the HS Code 29041037 is imported by various states and exported to other states within the country. The specific importing and exporting states may vary depending on market demand, manufacturing capabilities, and other factors.
the HS Code 29041037 classifies aromatic derivatives of hydrocarbons containing only sulfo groups, their salts, and ethyl esters. This code provides a standardized classification system for international trade and customs procedures. Importers and exporters should be familiar with the special tariff preference programs applicable to this HS Code to maximize their trade benefits.