The HS Code 29147090 refers to a specific category of products known as "Other Halogenated, Sulfonated, Nitrated, or Nitrosated Derivatives of Non-Aromatic Ketones & Quinones." This code is used to classify and identify these particular types of chemical compounds for import and export purposes.
These derivatives are characterized by the presence of halogen, sulfonate, nitrate, or nitrosate functional groups on non-aromatic ketones and quinones. They may or may not have other oxygen functions attached to them. These compounds are commonly used in various industries such as pharmaceuticals, dyes, and chemical manufacturing.
When it comes to international trade, the HS Code 29147090 plays a crucial role in ensuring accurate classification and tariff imposition. In this case, the bound or Most Favored Nation (MFN) duty rate for products falling under this HS code is 4%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for these products is measured in kilograms (KG). This unit of measurement helps in determining the quantity of goods being imported or exported.
Several special tariff preference programs are available for products classified under HS Code 29147090. These programs offer preferential treatment to certain countries, including duty-free access to their markets. The countries included in these programs are:
In addition to these special tariff preference programs, there are specific agreements that provide duty-free treatment for products falling under HS Code 29147090. These agreements include the Agreement on Trade in Pharmaceutical Products and the Uruguay Round Concessions on Intermediate Chemicals for Dyes.
It is important to note that the HS Code 29147090 is used for importing and exporting these products to and from various US states. The specific states involved in the import and export of products falling under this HS code may vary depending on trade agreements and market demands.
the HS Code 29147090 is a vital classification for Other Halogenated, Sulfonated, Nitrated, or Nitrosated Derivatives of Non-Aromatic Ketones & Quinones. Understanding this code helps in accurately identifying and categorizing these chemical compounds for international trade purposes. The associated duty rates and special tariff preference programs further influence the import and export of these products, offering opportunities for duty-free treatment and market access to specific countries.