Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29171940: Acyclic Polycarboxylic Acids and Their Derivatives

Acyclic polycarboxylic acids, derived from aromatic hydrocarbons, and their derivatives, nesoi, are classified under HS Code 29171940. This code is used to identify and categorize these specific products for international trade purposes. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.

Product Description

The product description for HS Code 29171940 refers to acyclic polycarboxylic acids, which are organic compounds derived from aromatic hydrocarbons. These acids are characterized by the presence of multiple carboxylic acid functional groups in their structure. The derivatives mentioned in the HS code encompass various chemical compounds derived from these acids.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 29171940 is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 6.5% for the importation of these goods or services from all its trading partners.

Quantity Unit

The quantity unit for measuring imports or exports of products classified under HS Code 29171940 is kilograms (KG). This unit is used to determine the weight of the goods being traded.

Special Tariff Preference Programs

Several special tariff preference programs are applicable to imports of products classified under HS Code 29171940. These programs offer reduced or duty-free treatment for eligible countries. Here are some of the special rates and programs associated with this HS code:

• Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading are granted duty-free treatment.
• Australia Special Rate: Specific tariff preferences apply to imports from Australia.
• Bahrain Special Rate: Specific tariff preferences apply to imports from Bahrain.
• NAFTA for Canada: Imports from Canada are granted duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Specific tariff preferences apply to imports from Chile.
• Africa Growth and Opportunity Act (AGOA): Eligible countries under AGOA receive duty-free treatment for their imports.
• Caribbean Basin Initiative (CBI): Specific tariff preferences apply to imports from countries participating in the CBI program.
• Israel Special Rate: Specific tariff preferences apply to imports from Israel.
• Andean Trade Preference Act (ATPA): Specific tariff preferences apply to imports from countries participating in the ATPA program.
• Jordan Special Rate: Specific tariff preferences apply to imports from Jordan.
• Agreement on Trade in Pharmaceutical Products: Duty-free treatment is granted for imports under this agreement.
• Morocco Special Rate: Specific tariff preferences apply to imports from Morocco.
• NAFTA for Mexico: Imports from Mexico are granted duty-free treatment under NAFTA.
• Oman Special Rate: Specific tariff preferences apply to imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Specific tariff preferences apply to imports from countries participating in the DR-CAFTA program.
• Peru Special Rate: Specific tariff preferences apply to imports from Peru.
• Singapore Special Rate: Imports from Singapore are granted a reduced duty rate of 0.9%.

It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trading under HS Code 29171940.

Importing and Exporting US States

The HS Code 29171940 applies to trade between various importing and exporting US states. The specific states involved in importing and exporting activities for this HS code may vary depending on market demand and supply chains. It is advisable for businesses engaged in this trade to research and identify the relevant US states to effectively plan their import and export strategies.

HS Code 29171940 encompasses acyclic polycarboxylic acids derived from aromatic hydrocarbons and their derivatives. The bound / MFN duty rate for this code is 6.5%, and the quantity unit is kilograms (KG). Various special tariff preference programs offer reduced or duty-free treatment for imports of these products, depending on the country of origin and specific trade agreements. Importers and exporters should stay informed about these programs to optimize their trading activities.

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