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Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29095045: A Comprehensive Guide to Ether-Phenols and their Derivatives

Ether-phenols and their derivatives play a crucial role in various industries, ranging from pharmaceuticals to chemical manufacturing. These compounds are classified under HS Code 29095045. In this article, we will delve into the product description, tariff rates, quantity units, and special tariff preference programs associated with this HS code.

Product Description

The HS Code 29095045 encompasses ether-phenols, ether-alcohol-phenols, and their halogenated, sulfonated, nitrated, and nitrosated derivatives not elsewhere specified. These compounds are widely used in the production of pharmaceuticals, dyes, and chemicals. Their versatility and unique properties make them valuable ingredients in various industrial applications.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 29095045 is 5.5%. According to international trade regulations, 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. This duty rate ensures a fair and balanced approach to international trade.

Quantity Unit

The quantity unit for HS Code 29095045 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported ether-phenols and their derivatives. It enables accurate calculation and tracking of these compounds during international trade transactions.

Special Tariff Preference Programs

HS Code 29095045 is eligible for several special tariff preference programs. These programs offer trade benefits, including duty-free treatment, to specific countries or regions. Here are some of the programs applicable to this HS code:

1. Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading.
2. Australia Special Rate: Specific tariff rate for imports from Australia.
3. Bahrain Special Rate: Specific tariff rate for imports from Bahrain.
4. NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement (NAFTA).
5. Chile Special Rate: Specific tariff rate for imports from Chile.
6. Africa Growth and Opportunity Act (AGOA): Duty-free treatment for imports from eligible African countries under AGOA.
7. Caribbean Basin Initiative (CBI): Duty-free treatment for imports from eligible Caribbean countries under CBI.
8. Israel Special Rate: Specific tariff rate for imports from Israel.
9. Andean Trade Preference Act (ATPA): Duty-free treatment for imports from eligible Andean countries under ATPA.
10. Jordan Special Rate: Specific tariff rate for imports from Jordan.
11. Agreement on Trade in Pharmaceutical Products: Duty-free treatment for imports under this agreement.
12. Morocco Special Rate: Specific tariff rate for imports from Morocco.
13. NAFTA for Mexico: Duty-free treatment for imports from Mexico under NAFTA.
14. Oman Special Rate: Specific tariff rate for imports from Oman.
15. Dominican Republic-Central American Special Rate (DR-CAFTA): Specific tariff rate for imports from the DR-CAFTA region.
16. Peru Special Rate: Specific tariff rate for imports from Peru.
17. Singapore Special Rate: Specific tariff rate for imports from Singapore.

These special tariff preference programs aim to promote trade and economic development between countries. They provide opportunities for eligible nations to access the market at preferential rates, fostering global cooperation and growth.

Importing US States and Exporting US States

HS Code 29095045 applies to all importing states within the United States. This means that ether-phenols and their derivatives falling under this HS code can be imported into any state in the US. Similarly, the exporting states within the United States can ship products falling under HS Code 29095045 to any destination worldwide. This allows for seamless trade between the US and other countries, facilitating the exchange of goods and promoting economic prosperity. HS Code 29095045 encompasses ether-phenols, ether-alcohol-phenols, and their derivatives. It has a bound / MFN duty rate of 5.5% and is measured in kilograms (KG). Various special tariff preference programs offer trade benefits, such as duty-free treatment, to eligible countries. This HS code applies to all importing and exporting states within the United States, ensuring smooth trade operations. Understanding the details associated with HS Code 29095045 is essential for businesses and individuals involved in the import and export of these valuable compounds.

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