The Harmonized System (HS) is an internationally recognized system for classifying traded products. Each product is assigned a unique HS code, which is used by customs authorities around the world to determine the applicable duties and regulations. In this article, we will explore the HS code 29214590, which covers aromatic monoamines and their derivatives and salts not elsewhere specified.
The HS code 29214590 specifically refers to aromatic monoamines and their derivatives and salts not elsewhere specified. Aromatic monoamines are organic compounds that contain an amine group (-NH2) attached to an aromatic ring. These compounds find applications in various industries, including pharmaceuticals, dyes, and chemicals. The derivatives and salts of aromatic monoamines broaden their range of uses and enhance their properties.
The bound (Maximum-Favored Nation) duty rate for products classified under HS code 29214590 is 6.5%. This rate applies to imports from all trading partners, ensuring a level playing field for international trade. Whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for measuring imports and exports of products classified under HS code 29214590 is kilograms (KG). This unit of measurement is widely used in international trade to facilitate accurate quantity calculations and standardize trade data.
Several special tariff preference programs are available for products classified under HS code 29214590. These programs offer reduced or duty-free rates, encouraging trade and economic development. Here are some of the special tariff preference programs applicable to this HS code:
It is important for importers and exporters to familiarize themselves with these special tariff preference programs to take advantage of the reduced or duty-free rates available to them.
The HS code 29214590 applies to imports and exports of aromatic monoamines and their derivatives and salts not elsewhere specified in the United States. As such, it is relevant to all US states involved in international trade. Whether it is California, Texas, New York, or any other state, businesses engaged in the import or export of products classified under this HS code must comply with the applicable regulations and duties.
The HS code 29214590 covers aromatic monoamines and their derivatives and salts not elsewhere specified. This code plays a vital role in international trade by providing a standardized classification system and facilitating customs procedures. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers and exporters, ensuring compliance with customs regulations and taking advantage of available trade benefits.