HS Code 29163425: Phenylacetic Acid Salts, nesoi
Phenylacetic acid salts, nesoi, are a type of chemical compound that fall under the HS Code 29163425. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code.
Product Description:
Phenylacetic acid salts, nesoi, are salts of phenylacetic acid that are not specifically classified under any other subheading. These salts are used in various industries, including pharmaceuticals, perfumes, and chemical synthesis. The additional US note 3 to section VI provides further details on the classification of these salts.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 29163425 is 6.5%. 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 duty rate is applicable to the importation of phenylacetic acid salts, nesoi, into the United States.
Quantity Unit:
The quantity unit for HS Code 29163425 is kilograms (KG). This unit of measurement is used to quantify the weight or quantity of phenylacetic acid salts being imported or exported.
Special Tariff Preference Programs:
Several special tariff preference programs are applicable to phenylacetic acid salts, nesoi, under HS Code 29163425. These programs provide preferential treatment in terms of duty rates for specific countries or regions. The following are the special tariff preference programs associated with this HS code:
1. Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
2. Australia Special Rate: Phenylacetic acid salts imported from Australia receive a special duty rate.
3. Bahrain Special Rate: Phenylacetic acid salts imported from Bahrain receive a special duty rate.
4. NAFTA for Canada: Phenylacetic acid salts imported from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
5. Chile Special Rate: Phenylacetic acid salts imported from Chile receive a special duty rate.
6. Africa Growth and Opportunity Act (AGOA): Phenylacetic acid salts imported from eligible African countries receive duty-free treatment under AGOA.
7. Caribbean Basin Initiative (CBI): Phenylacetic acid salts imported from eligible Caribbean countries receive duty-free treatment under CBI.
8. Israel Special Rate: Phenylacetic acid salts imported from Israel receive duty-free treatment.
9. Andean Trade Preference Act (ATPA): Phenylacetic acid salts imported from eligible Andean countries receive duty-free treatment under ATPA.
10. Jordan Special Rate: Phenylacetic acid salts imported from Jordan receive a special duty rate.
11. Morocco Special Rate: Phenylacetic acid salts imported from Morocco receive a special duty rate.
12. NAFTA for Mexico: Phenylacetic acid salts imported from Mexico receive duty-free treatment under NAFTA.
13. Oman Special Rate: Phenylacetic acid salts imported from Oman receive a special duty rate.
14. Dominican Republic-Central American Special Rate (DR-CAFTA): Phenylacetic acid salts imported from eligible DR-CAFTA countries receive a special duty rate.
15. Peru Special Rate: Phenylacetic acid salts imported from Peru receive a special duty rate.
16. Singapore Special Rate: Phenylacetic acid salts imported from Singapore receive a special duty rate.
Importing US States and Exporting US States:
The importing and exporting of phenylacetic acid salts, nesoi, under HS Code 29163425 occur between various US states. The specific states involved in these trade activities may vary depending on market demand, production capabilities, and other factors.
HS Code 29163425 refers to phenylacetic acid salts, nesoi, which are chemical compounds used in various industries. The bound / MFN duty rate for this HS code is 6.5%. The quantity unit is kilograms (KG). There are several special tariff preference programs associated with this HS code, providing preferential treatment in terms of duty rates for specific countries or regions. Importing and exporting of phenylacetic acid salts, nesoi, occur between different US states.
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