Hexamethylenediamine and its salts, excluding Nylon salt, fall under the HS Code 29212250. This code is used to classify and identify specific products during international trade. The HS Code provides a standardized system for customs authorities to determine the appropriate duties and regulations for imported and exported goods.
The product description for HS Code 29212250 specifies that it includes Hexamethylenediamine and its salts, which are not derived from adipic acid either wholly or partially. Hexamethylenediamine is a chemical compound primarily used in the production of nylon and other polymers. By excluding Nylon salt, the code ensures that only specific derivatives of Hexamethylenediamine are covered.
The Bound / MFN duty rate for HS Code 29212250 is set at 6.5%. The MFN (Most Favored Nation) duty rate signifies that every time a country reduces trade barriers or opens up its market, it must do so for all its trading partners. This principle promotes fair and equal treatment in international trade.
The quantity unit for HS Code 29212250 is measured in kilograms (KG). This unit of measurement is commonly used for chemical compounds and allows for accurate tracking and control of the product during import and export processes.
There are several special tariff preference programs associated with HS Code 29212250. These programs offer specific benefits or exemptions from duties for the countries involved. The following countries have been granted special tariff rates for this HS Code:
These special tariff preference programs aim to promote trade relationships and economic cooperation between countries by reducing or eliminating trade barriers for specific goods or services.
When importing goods classified under HS Code 29212250 into the United States, the exporting country must adhere to the regulations and requirements set by the US customs authorities. Similarly, when exporting goods from the United States, the importing country's customs regulations and requirements must be followed.
HS Code 29212250 plays a crucial role in international trade by facilitating the classification, regulation, and taxation of Hexamethylenediamine and its salts (except Nylon salt). Understanding the details and implications of this code is important for businesses and individuals involved in the import and export of these specific chemical compounds.