Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29122960: Other Cyclic Aldehydes without Other Oxygen Function

Cyclic aldehydes are a class of organic compounds that contain a carbonyl group (C=O) attached to a cyclic structure. These compounds are widely used in various industries, including pharmaceuticals, perfumes, and flavors. HS code 29122960 specifically refers to cyclic aldehydes without any other oxygen function.

When it comes to international trade, the HS code plays a crucial role in classifying products for customs purposes. It provides a standardized system for identifying and categorizing goods, ensuring consistency in trade regulations worldwide. HS code 29122960 helps customs authorities and traders classify and track the import and export of this specific product.

The MFN (Most Favored Nation) duty rate for HS code 29122960 is 5.5%. The MFN principle states that 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 ensures fair treatment and equal opportunities for all trading nations.

The unit of quantity for HS code 29122960 is kilograms (KG). This unit is commonly used in international trade to measure the weight or quantity of goods being imported or exported.

There are special tariff preference programs in place for HS code 29122960. These programs offer reduced or duty-free rates for specific countries. The following countries enjoy special tariff preferences for this HS code:

• Australia (Generalized System of Preferences - duty-free treatment)
• Australia (Special Rate)
• Bahrain (Special Rate)
• Canada (NAFTA - duty-free treatment)
• Chile (Special Rate)
• Caribbean Basin Initiative (CBI)
• Israel (Special Rate - duty-free treatment)
• Andean Trade Preference Act (ATPA)
• Jordan (Special Rate)
• Agreement on Trade in Pharmaceutical Products (duty-free treatment)
• Morocco (Special Rate)
• Mexico (NAFTA - duty-free treatment)
• Oman (Special Rate)
• Dominican Republic-Central American (DR-CAFTA) Special Rate
• Peru (Special Rate)
• Singapore (Special Rate)

Now, let's take a closer look at the importing and exporting of HS code 29122960 to and from the United States. Based on the available data, West Virginia is the primary importing and exporting state for this product. This information suggests that West Virginia has a significant presence in the industry that utilizes cyclic aldehydes without other oxygen function.

HS code 29122960 plays a vital role in international trade, ensuring proper classification and tracking of cyclic aldehydes without other oxygen function. Understanding the HS code system and its implications is essential for businesses and individuals involved in the import and export of goods.