The HS Code 29049047 refers to aromatic sulfonated, nitrated, or nitrosated derivatives of hydrocarbons, not elsewhere specified or included. This code is used to classify and identify these specific types of derivatives in international trade.
When it comes to international trade, the Harmonized System (HS) is used worldwide to classify and categorize goods. The HS Code 29049047 is part of this system and helps streamline the import and export process by providing a standardized classification for aromatic sulfonated, nitrated, or nitrosated derivatives of hydrocarbons.
The product description of HS Code 29049047 clearly defines the goods it encompasses. These derivatives are aromatic in nature and have undergone sulfonation, nitration, or nitrosation processes. They are derived from hydrocarbons, which are organic compounds primarily made up of carbon and hydrogen atoms.
When it comes to the duty rates for goods classified under HS Code 29049047, the bound or Most Favored Nation (MFN) duty rate is 5.5%. The MFN duty rate is a standard rate applied to imports from all trading partners. However, it's important to note that this rate can vary depending on trade agreements and special tariff preference programs.
The quantity unit for imports and exports classified under HS Code 29049047 is kilograms (KG). This unit of measurement is used to determine the weight of the goods being traded. It helps ensure accurate and consistent measurements for international trade transactions.
There are also various special tariff preference programs that can affect the duty rates for imports classified under HS Code 29049047. Some countries offer preferential treatment, such as duty-free rates or reduced tariffs, for specific trading partners. For example:
It's important for importers and exporters to be aware of these special tariff preference programs and their eligibility criteria. By taking advantage of these programs, businesses can enjoy reduced duty rates or even duty-free treatment, making trade more cost-effective and competitive.
the HS Code 29049047 is used to classify aromatic sulfonated, nitrated, or nitrosated derivatives of hydrocarbons in international trade. It is important for businesses involved in the import and export of these goods to understand the duty rates, quantity unit, and special tariff preference programs associated with this HS code. By staying informed and leveraging these programs, businesses can optimize their trade activities and achieve greater success in the global market.