The HS Code 29081960 refers to a specific category of chemical products known as other halogenated, sulfonated, nitrated, or nitrosated derivatives of phenol or phenol-alcohols. This code is used to classify and regulate the import and export of these substances in international trade.
When a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The bound or most-favored-nation (MFN) duty rate for products falling under this HS code is 5.5%. This means that regardless of the country of origin, a 5.5% duty is applicable to the import of these derivatives of phenol or phenol-alcohols.
The quantity unit for the products classified under HS Code 29081960 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the imported or exported goods.
There are special tariff preference programs that apply to imports of products falling under this HS code. These programs provide certain countries or regions with preferential treatment in terms of duty rates. Some of these programs include:
These countries or regions may have different duty rates or may be eligible for duty-free treatment when importing products classified under HS Code 29081960. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under this subheading. Additionally, specific agreements or initiatives such as the NAFTA for Canada and Mexico, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), and the Agreement on Trade in Pharmaceutical Products may provide duty-free treatment or special rates.
In terms of the United States, the importing and exporting of products classified under HS Code 29081960 is not limited to specific states. However, it is worth noting that the list provided includes Arkansas as an example of a state that may engage in trade involving these derivatives of phenol or phenol-alcohols.
HS Code 29081960 encompasses other halogenated, sulfonated, nitrated, or nitrosated derivatives of phenol or phenol-alcohols. The code is used to classify and regulate the import and export of these chemical products in international trade. The bound or MFN duty rate is 5.5%, and the quantity unit is kilograms (KG). Special tariff preference programs may provide certain countries or regions with duty-free treatment or special rates when importing products falling under this HS code.