HS Code 29096010: A Comprehensive Guide

When it comes to international trade, the Harmonized System (HS) Code plays a vital role in identifying and categorizing various products. In this article, we will delve into the details of HS Code 29096010, which refers to aromatic alcohol, ether, and ketone peroxides and their derivatives. Let's explore this code and its implications for trade.

Product Description

HS Code 29096010 specifically encompasses aromatic alcohol, ether, and ketone peroxides, along with their halogenated, sulfonated, nitrated, and nitrosated derivatives. This code falls under the purview of US Note 3, Section VI, which provides additional details regarding the classification of these products.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 29096010 is 5.5%. This duty rate applies uniformly to all trading partners of a country whenever a trade barrier is lowered or a market is opened. It ensures equal treatment for the same goods or services across all trading partners.

Quantity Unit

The quantity unit for products classified under HS Code 29096010 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.

Special Tariff Preference Programs

Under various tariff preference programs, the importation of products falling under HS Code 29096010 may be eligible for preferential treatment or duty-free status. Here are some notable programs:

Free Trade Agreement (FTA) Partners: Imports from countries that have a free trade agreement with the United States, such as Australia (A+), Australia (AU), Bahrain (BH), Canada (CA), Chile (CL), Dominican Republic (D), EFTA States (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Panama (PE), and Singapore (SG), may enjoy duty-free treatment.
Least-Developed Beneficiary Developing Countries: Imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under this specific subheading are also eligible for duty-free treatment.
Australia Special Rate: Australia has a special rate for imports falling under this HS Code.
Bahrain Special Rate: Bahrain offers a special rate for imports classified under HS Code 29096010.
NAFTA: Canada and Mexico enjoy duty-free treatment for imports falling under this HS Code under the North American Free Trade Agreement (NAFTA).
Chile Special Rate: Chile provides a special rate for imports classified under HS Code 29096010.
Africa Growth and Opportunity Act (AGOA): Imports from eligible countries under AGOA are entitled to duty-free treatment.
Caribbean Basin Initiative (CBI): Imports from eligible countries under the CBI can benefit from duty-free treatment.
Israel Special Rate: Israel offers a special rate for imports falling under this HS Code.
Andean Trade Preference Act (ATPA): Imports from countries eligible under ATPA may enjoy duty-free treatment.
Jordan Special Rate: Jordan provides a special rate for imports classified under HS Code 29096010.
Morocco Special Rate: Morocco offers a special rate for imports falling under this HS Code.
Oman Special Rate: Oman provides a special rate for imports classified under HS Code 29096010.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries under DR-CAFTA can benefit from duty-free treatment.
Peru Special Rate: Peru offers a special rate for imports falling under this HS Code.
Singapore Special Rate: Singapore provides a special rate for imports classified under HS Code 29096010.

Importing US States and Exporting US States

HS Code 29096010 applies to trade between various importing and exporting states within the United States. The specific states involved in the import and export process may vary depending on the trade agreements and business transactions.