The HS Code 29147040 refers to a specific product category in international trade. It encompasses other halogenated, sulfonated, nitrated, or nitrosated derivatives of aromatic ketones and quinones, whether or not with other oxygen function. This article will provide an extensive overview of this HS code, including its product description, bound/MFN duty rate, quantity unit, and special tariff preference programs. Let's delve into the details.
The product description covered by HS Code 29147040 includes various derivatives of aromatic ketones and quinones. These derivatives undergo halogenation, sulfonation, nitration, or nitrosation processes. Additionally, they may or may not have other oxygen functions. Examples of such derivatives can include 4-chloro-3-nitrobenzophenone or 1-bromo-2-nitroanthraquinone. This HS code encapsulates a wide range of chemical compounds within this category.
The bound/MFN duty rate for products falling under HS Code 29147040 is 5.5%. This rate applies every time a country lowers a trade barrier or opens up a market. It is important to note that a country must apply this duty rate uniformly for the same goods or services from all its trading partners. The duty rate ensures fair trade practices and equal treatment for trading partners.
The quantity unit for HS Code 29147040 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of imported or exported goods. It provides a standardized way to measure the quantity of products falling under this HS code, facilitating accurate record-keeping and trade negotiations.
Several special tariff preference programs are applicable to imports of products classified under HS Code 29147040. These programs provide specific benefits and exemptions to eligible countries or regions. The programs that offer duty-free treatment for imports under this HS code include:
These special tariff preference programs aim to promote trade, encourage economic development, and foster cooperation between countries or regions.
HS Code 29147040 applies to trade between different countries, including the United States. The importing and exporting US states may vary depending on the specific transactions. However, it is important to note that HS Code 29147040 is not limited to any particular US state. It pertains to trade activities involving this specific product category throughout the United States.
HS Code 29147040 encompasses other halogenated, sulfonated, nitrated, or nitrosated derivatives of aromatic ketones and quinones, with or without other oxygen function. This product category is subject to a 5.5% bound/MFN duty rate and is measured in kilograms (KG). Various special tariff preference programs offer duty-free treatment for imports falling under this HS code, promoting fair trade practices. Understanding the details of this HS code is crucial for businesses and individuals engaged in international trade.