The Harmonized System (HS) Code 29214950 refers to aromatic monoamines and their derivatives, including salts, not elsewhere specified or included. This code is used to classify and identify these specific types of chemical compounds for international trade purposes.
These aromatic monoamines and their derivatives are commonly used in various industries such as pharmaceuticals, perfumes, and dyes. They play a crucial role in the production of several consumer goods and industrial products.
The bound or most-favored-nation (MFN) duty rate for this HS code is 6.5%. It means that every time 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. This ensures fairness and equal treatment in international trade.
The quantity unit for this HS code is kilograms (KG), which signifies that the measurement and trade of these aromatic monoamines and derivatives are done in weight units.
Furthermore, there are special tariff preference programs available for imports classified under HS Code 29214950. These programs provide certain countries with preferential treatment or reduced duty rates. Some of the special tariff preference programs applicable to this HS code are:
Each special tariff preference program has its own specific criteria and eligibility requirements. These programs aim to promote trade and economic development between participating countries.
When it comes to importing and exporting these aromatic monoamines and derivatives, the data shows that Puerto Rico is the primary importing and exporting state within the United States. It indicates a significant demand for these products in Puerto Rico, which may be attributed to its manufacturing and industrial sectors.
HS Code 29214950 represents aromatic monoamines and their derivatives, including salts. These chemical compounds have various applications and are essential in industries such as pharmaceuticals, perfumes, and dyes. The bound duty rate for this HS code is 6.5%, and special tariff preference programs are available for eligible countries. Puerto Rico stands out as a major player in the import and export of these products within the United States.