Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29214945: A Comprehensive Guide

When it comes to international trade, having a clear understanding of product codes is essential. One such code, HS Code 29214945, refers to aromatic monoamines and their derivatives nesoi; salts thereof, as described in additional U.S. note 3 to section VI. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

HS Code 29214945 encompasses aromatic monoamines and their derivatives nesoi, along with the salts thereof. This code is categorized under additional U.S. note 3 to section VI, which provides further specifications and clarifications regarding the products falling under this HS code. It is important to note that this HS code is specifically meant for this specific category of products and should not be confused with other codes.

Duty Rates

The bound and most-favored nation (MFN) duty rate for products falling under HS Code 29214945 is 6.5%. The MFN duty rate ensures 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. This rate remains consistent unless there are specific trade agreements or tariff preference programs in place.

Quantity Unit

The quantity unit for products falling under HS Code 29214945 is kilograms (KG). This unit of measurement is widely used in international trade to ensure uniformity and accuracy in quantifying the volume of goods being imported or exported.

Special Tariff Preference Programs

HS Code 29214945 is eligible for various special tariff preference programs, which provide certain countries with preferential treatment or reduced duty rates. Let's take a closer look at some of these programs:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This program aims to support the economic growth of these countries.
• Australia Special Rate: Australia enjoys a special rate for imports falling under this HS code, resulting in reduced duty rates.
• Bahrain Special Rate: Bahrain also benefits from a special rate, allowing for duty-free treatment for products falling under HS Code 29214945.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports from Canada receive duty-free treatment for products falling under this HS code.
• Chile Special Rate: Chile has a special rate that grants reduced duty rates for imports falling under HS Code 29214945.
• Africa Growth and Opportunity Act (AGOA): This program offers duty-free treatment for eligible imports from African countries, promoting economic development and trade in the region.
• Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment under this initiative, fostering trade relations and economic growth.
• Israel Special Rate: Israel benefits from a special rate, allowing for duty-free treatment for products falling under this HS code.
• Andean Trade Preference Act (ATPA): This program offers duty-free treatment for eligible imports from Andean countries, promoting trade and economic cooperation.
• Jordan Special Rate: Jordan enjoys a special rate, resulting in reduced duty rates for imports falling under HS Code 29214945.
• Agreement on Trade in Pharmaceutical Products: This agreement grants duty-free treatment for imports of pharmaceutical products falling under this HS code, promoting access to affordable medicines.
• Morocco Special Rate: Morocco benefits from a special rate, allowing for reduced duty rates for imports falling under this HS code.
• NAFTA for Mexico: Similar to Canada, Mexico enjoys duty-free treatment for imports falling under this HS code under the NAFTA agreement.
• Oman Special Rate: Oman has a special rate that grants reduced duty rates for imports falling under HS Code 29214945.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program offers duty-free treatment for eligible imports from the Dominican Republic and Central American countries, fostering economic integration and trade.
• Peru Special Rate: Peru benefits from a special rate, resulting in reduced duty rates for imports falling under HS Code 29214945.
• Singapore Special Rate: Singapore enjoys a special rate, allowing for reduced duty rates for products falling under this HS code.

Importing and Exporting US States

While not directly related to HS Code 29214945, it is worth mentioning the importing and exporting US states. In the case of Puerto Rico, it is listed as both an importing and exporting US state. This information is valuable for businesses and traders involved in international trade, as it helps identify potential markets and partners.

HS Code 29214945 covers aromatic monoamines and their derivatives nesoi, along with the salts thereof. It is important to understand the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code. By familiarizing ourselves with these details, we can navigate international trade more effectively and take advantage of the benefits provided by various trade agreements and programs.