Aromatic salts and esters of chlorocetic acids fall under the HS Code 29154020. This code is used to classify and identify specific products in international trade. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
The product covered by HS Code 29154020 includes aromatic salts and esters of chlorocetic acids. These compounds are further described in additional U.S. note 3 to section VI. Aromatic salts and esters of chlorocetic acids have various applications in industries such as pharmaceuticals, cosmetics, and agricultural chemicals.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29154020 is 5.5%. The MFN principle ensures 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. This duty rate applies to all countries unless specific tariff preference programs are applicable.
The quantity unit for HS Code 29154020 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the imported or exported aromatic salts and esters of chlorocetic acids.
There are several special tariff preference programs associated with HS Code 29154020. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries and agreements offer special tariff rates:
These special tariff preference programs aim to promote trade, economic growth, and development between the countries involved.
HS Code 29154020 applies to both importing and exporting US states. It is important for businesses and traders to be aware of the regulations and requirements associated with this HS code when engaging in international trade. The code facilitates the smooth flow and classification of aromatic salts and esters of chlorocetic acids across different states.
HS Code 29154020 represents aromatic salts and esters of chlorocetic acids. This code plays a crucial role in international trade by providing a standardized classification for these products. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is essential for businesses and traders involved in the import and export of aromatic salts and esters of chlorocetic acids.