The HS Code 29214932 refers to fast color bases of aromatic monamines and their derivatives. This code is used to classify and identify this specific type of product for international trade purposes. Understanding the HS code is essential for importers, exporters, and customs authorities to ensure smooth and accurate trade transactions.
Fast color bases of aromatic monamines and their derivatives are chemical compounds used in various industries, particularly in the production of dyes and pigments. These compounds provide vibrant and long-lasting colors to a wide range of products, including textiles, paints, plastics, and more.
The Bound / MFN Duty Rate associated with HS Code 29214932 is 6.5%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate, promoting fair and equal trade practices.
The Quantity Unit for this HS code is measured in kilograms (KG). This unit of measurement helps determine the quantity of fast color bases of aromatic monamines and their derivatives being imported or exported.
Furthermore, HS Code 29214932 is eligible for several Special Tariff Preference Programs. These programs provide specific tariff rates or duty-free treatment for certain countries. The countries eligible for preferential treatment under this HS code include:
It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of the reduced or duty-free rates available for specific countries. This knowledge can significantly impact the cost of international trade and enhance competitiveness in the global market.
In terms of specific trade routes, the data shows that Puerto Rico is a significant importer and exporter of fast color bases of aromatic monamines and their derivatives under HS Code 29214932. This indicates the importance of this product in Puerto Rico's economy and its active participation in international trade for this specific product category.
HS Code 29214932 refers to fast color bases of aromatic monamines and their derivatives. Understanding this code, its associated duty rates, quantity unit, and special tariff preference programs is crucial for businesses engaged in the import and export of these products. By leveraging the available tariff preferences and accurately classifying the goods, importers and exporters can streamline trade operations and maximize cost savings.
More on HS code 29214932