The HS Code 29221995 refers to a specific classification of products in international trade. In this case, it includes other non-aromatic amino-alcohols, their ethers and esters, excluding those containing more than one oxygen function, as well as the salts thereof.
When importing or exporting goods, it is essential to correctly identify and classify them according to the Harmonized System (HS) Code. The HS Code is an internationally standardized system used to classify products and facilitate trade between countries. It ensures that goods are categorized and labeled consistently, allowing for accurate identification and assessment of duties, taxes, and regulations.
The specific description of the product under HS Code 29221995 indicates that it encompasses amino-alcohols and their derivatives, which are organic compounds with both amino and alcohol functional groups. These substances have various applications in industries such as pharmaceuticals, chemicals, and cosmetics.
Importers and exporters dealing with products falling under HS Code 29221995 should be aware of the duty rates applicable to these goods. The bound or most-favored-nation (MFN) duty rate for this HS Code is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for all its trading partners regarding the same goods or services.
The quantity unit for products classified under HS Code 29221995 is kilograms (KG). This unit is commonly used to measure the weight or mass of goods in international trade.
There are also special tariff preference programs available for goods falling under HS Code 29221995. These programs provide certain countries with preferential treatment or duty-free benefits when trading these specific products. The countries included in the special tariff preference programs for this HS Code are:
It is important for importers and exporters to be familiar with these special tariff preference programs to take advantage of duty-free treatment or reduced duties when trading these products with the respective countries.
Regarding the specific geographic data provided, the importing state for this HS Code is Puerto Rico. This means that Puerto Rico is the designated location where these goods are being imported.
On the other hand, the exporting states are not specified in the data provided. However, it can be assumed that Puerto Rico is also the exporting state mentioned multiple times, indicating that goods classified under HS Code 29221995 are being both imported and exported by Puerto Rico.
the HS Code 29221995 represents other non-aromatic amino-alcohols, their ethers and esters, along with their salts. This code is used to classify and regulate the trade of these specific products internationally. Importers and exporters must be aware of the duty rates, quantity units, and special tariff preference programs associated with this HS Code to ensure compliance and optimize their trade operations.