HS Code 29161950: Unsaturated Acyclic Monocarboxylic Acid Anhydrides, Halides, Peroxides, Peroxyacids and Their Derivatives, nesoi
Unsaturated acyclic monocarboxylic acid anhydrides, halides, peroxides, peroxyacids, and their derivatives are classified under the HS Code 29161950. This code is used to identify and categorize these specific chemical compounds for international trade purposes.
The HS Code 29161950 covers a wide range of substances that fall under the description of unsaturated acyclic monocarboxylic acid anhydrides, halides, peroxides, peroxyacids, and their derivatives. These compounds are commonly used in various industries, including pharmaceuticals, chemicals, and manufacturing.
The bound or MFN (Most Favored Nation) duty rate for products classified under HS Code 29161950 is 3.7%. 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. This duty rate is applied to the value of the products imported or exported, and it contributes to the overall cost of trade.
The quantity unit for products classified under HS Code 29161950 is kilograms (KG). This unit is used to measure the weight or mass of the substances being traded. By using a standardized unit of measurement, it becomes easier to compare and track the quantity of these compounds in international trade.
There are also special tariff preference programs associated with HS Code 29161950. These programs provide certain countries with preferential treatment and exemptions from import duties. The countries that benefit from these programs include:
- Australia (duty-free treatment)
- Bahrain (special rate)
- Canada (NAFTA - duty-free treatment)
- Chile (special rate)
- European Union (duty-free treatment)
- Israel (special rate - duty-free treatment)
- Japan (duty-free treatment)
- Jordan (special rate)
- South Korea (duty-free treatment)
- Morocco (special rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (special rate)
- Dominican Republic and Central America (DR-CAFTA)
- Peru (special rate)
- Singapore (special rate)
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for specific products. By participating in these programs, countries can benefit from increased market access and trade opportunities.
When importing products classified under HS Code 29161950 into the United States, exporters need to be aware of the specific regulations and requirements set by the importing US states. Each state may have its own rules and regulations regarding the importation of chemical compounds, including licensing, labeling, and safety standards. It is important for exporters to comply with these regulations to ensure smooth and legal trade.
Similarly, when exporting products classified under HS Code 29161950 from the United States, exporters need to be aware of the regulations and requirements set by the destination country. It is crucial to understand the import regulations, customs procedures, and any specific documentation or certifications required by the importing country.
HS Code 29161950 represents unsaturated acyclic monocarboxylic acid anhydrides, halides, peroxides, peroxyacids, and their derivatives. This code is used to classify and identify these specific chemical compounds for international trade purposes. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS Code is essential for importers and exporters to facilitate smooth and compliant trade operations.
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