Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29181931: Aromatic carboxylic acids with alcohol function, without other oxygen functions, and their derivatives, nesoi

The HS Code 29181931 refers to aromatic carboxylic acids with alcohol function, without other oxygen functions, and their derivatives, nesoi. This code is used to classify and identify these specific products for international trade purposes. In this article, we will explore the details of this HS code, including the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.

Product Description

The products classified under HS Code 29181931 are aromatic carboxylic acids with alcohol function, without other oxygen functions, and their derivatives. These chemicals play a crucial role in various industries, including pharmaceuticals, dyes, and other chemical manufacturing processes. They are characterized by their unique chemical composition and functional properties, making them valuable in different applications.

Duty Rates

The bound/MFN (Most Favored Nation) duty rate for products falling under HS Code 29181931 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 applied to the customs value of the imported goods.

Quantity Unit

The quantity unit for products classified under HS Code 29181931 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods. It provides a standardized method for calculating the quantity and pricing of these products in international trade transactions.

Special Tariff Preference Programs

Several special tariff preference programs are applicable to products falling under HS Code 29181931. These programs offer preferential treatment in terms of duty rates to eligible countries. The details of the special tariff preference programs for this HS code are as follows:

• Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
• Australia Special Rate: Specific trade agreement between the importing country and Australia offers a special rate for products classified under this HS code.
• Bahrain Special Rate: Specific trade agreement between the importing country and Bahrain offers a special rate for products classified under this HS code.
• NAFTA for Canada: Products imported from Canada classified under this HS code receive duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate: Specific trade agreement between the importing country and Chile offers a special rate for products classified under this HS code.
• Africa Growth and Opportunity Act (AGOA): Products imported from eligible African countries classified under this HS code receive duty-free treatment under AGOA.
• Caribbean Basin Initiative (CBI): Products imported from eligible Caribbean countries classified under this HS code receive duty-free treatment under CBI.
• Israel Special Rate: Specific trade agreement between the importing country and Israel offers a special rate for products classified under this HS code.
• Andean Trade Preference Act (ATPA): Products imported from eligible Andean countries classified under this HS code receive duty-free treatment under ATPA.
• Jordan Special Rate: Specific trade agreement between the importing country and Jordan offers a special rate for products classified under this HS code.
• Agreement on Trade in Pharmaceutical Products: Products classified under this HS code and falling within the scope of the agreement receive duty-free treatment.
• Uruguay Round Concessions on Intermediate Chemicals for Dyes: Products classified under this HS code and falling within the scope of the concessions receive duty-free treatment.
• Morocco Special Rate: Specific trade agreement between the importing country and Morocco offers a special rate for products classified under this HS code.
• NAFTA for Mexico: Products imported from Mexico classified under this HS code receive duty-free treatment under the North American Free Trade Agreement.
• Oman Special Rate: Specific trade agreement between the importing country and Oman offers a special rate for products classified under this HS code.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Products imported from eligible DR-CAFTA countries classified under this HS code receive a special rate.
• Peru Special Rate: Specific trade agreement between the importing country and Peru offers a special rate for products classified under this HS code.
• Singapore Special Rate: Specific trade agreement between the importing country and Singapore offers a special rate for products classified under this HS code.

Importing and Exporting US States

For products falling under HS Code 29181931, the importing US states include Mississippi, Rhode Island, and West Virginia. These states are engaged in the importation of aromatic carboxylic acids with alcohol function and their derivatives. On the other hand, the exporting US states for these products may vary depending on the specific trade transactions and market demand.

HS Code 29181931 refers to aromatic carboxylic acids with alcohol function, without other oxygen functions, and their derivatives. This code plays a crucial role in the classification and identification of these products for international trade purposes. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states related to this HS code is essential for businesses and individuals involved in the trade of these chemicals.