The HS Code 29089990 refers to a specific product classification within international trade. It encompasses halogenated, sulfonated, nitrated, or nitrosated derivatives of phenols or phenol-alcohols which are not elsewhere specified or included (nesoi). This code is used to identify and classify these chemical compounds for customs and trade purposes.
When importing or exporting goods under HS Code 29089990, it is important to understand the associated regulations, duty rates, and special tariff preference programs.
The product description for HS Code 29089990 specifies that it includes derivatives of phenols or phenol-alcohols which have undergone halogenation, sulfonation, nitration, or nitrosation processes. These chemical modifications result in the formation of unique compounds with various industrial applications.
Phenols are organic compounds that contain a hydroxyl group (-OH) attached to an aromatic ring. By introducing halogen, sulfonate, nitrate, or nitrosate groups onto the phenolic structure, the properties and reactivity of these compounds can be altered, making them useful in different industries such as pharmaceuticals, dyes, and chemical synthesis.
The bound (maximum) duty rate for products classified under HS Code 29089990 is 5.5%. This means that countries can impose a duty rate of up to 5.5% on imports of these goods. However, it is important to note that countries may apply lower duty rates based on international trade agreements or special tariff preference programs.
In the case of the United States, certain special tariff preference programs offer reduced or duty-free rates for imports of HS Code 29089990. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP) program. Other special rates may apply to imports from specific countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore.
The quantity unit for products classified under HS Code 29089990 is kilograms (KG). This unit of measurement is used to quantify the weight of the imported or exported goods.
When it comes to the import and export of goods under HS Code 29089990, there are no specific restrictions or requirements regarding the US states involved in the trade. The code applies uniformly across all US states, and importers and exporters can engage in trade transactions involving these goods regardless of their location within the country.
However, it is important for businesses to comply with all applicable customs regulations and documentation requirements when importing or exporting goods under HS Code 29089990. This includes accurately declaring the product description, quantity, value, and other relevant information to ensure smooth customs clearance and adherence to trade policies.
HS Code 29089990 represents a specific classification for halogenated, sulfonated, nitrated, or nitrosated derivatives of phenols or phenol-alcohols. This code is used in international trade to identify and classify these chemical compounds for customs and trade purposes. Understanding the associated duty rates, special tariff preference programs, and other relevant information is crucial for importers and exporters dealing with goods under this HS Code.