When it comes to international trade, HS codes play a crucial role in identifying specific products. One such code is HS Code 29154030, which refers to aromatic salts and esters of chlorocetic acids, nesoi. In this article, we will delve deeper into the details of this HS code and explore its significance in the global market.
HS Code 29154030 is used to classify a specific category of chemical compounds. These compounds are derivatives of chlorocetic acids and possess aromatic properties. The term "nesoi" used in the description stands for "not elsewhere specified or included," indicating that this HS code covers aromatic salts and esters of chlorocetic acids that do not fall under any other specific classification.
As with any other HS code, HS Code 29154030 is associated with certain duty rates. The bound or MFN (Most Favored Nation) duty rate for this code is 5.5%. This means that every time 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. It ensures fair and equal treatment for all nations involved in international trade.
The quantity unit for products classified under HS Code 29154030 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the imported or exported goods.
In addition to the duty rate, special tariff preference programs are available for this HS code. These programs offer specific benefits or exemptions to eligible countries. For HS Code 29154030, the following special tariff preference programs apply:
It is important to note that the special tariff preference programs mentioned above may change over time. It is advisable to consult the latest regulations and agreements to ensure accurate information for importers and exporters.
HS Code 29154030 is relevant to various importing and exporting US states. The specific states involved in the trade of products classified under this code may vary based on market demand and supply. However, it is essential for both importers and exporters to understand the regulations and requirements associated with this HS code, regardless of their location.
HS Code 29154030 represents aromatic salts and esters of chlorocetic acids, nesoi. It is classified under the Harmonized System (HS) and is used for international trade purposes. This HS code is associated with a bound duty rate of 5.5%, and special tariff preference programs may grant exemptions or reduced rates to eligible countries. Importers and exporters must familiarize themselves with the regulations and requirements of HS Code 29154030 to ensure smooth and compliant international trade operations.