The HS Code 29225035 refers to aromatic amino-alcohol-phenols, amino-acid-phenols, and other amino-compounds with oxygen function. These compounds are described in additional US note 3 to section VI of the Harmonized System (HS). The HS Code is an internationally recognized system for classifying and coding traded products.
Bound / MFN duty rate for HS Code 29225035 is 6.5%. This 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. The duty rate is applied to the value of the imported goods.
The quantity unit for HS Code 29225035 is kilograms (KG). This unit is used to measure the weight of the imported or exported products. It provides a standardized measurement for trade statistics and customs purposes.
There are several special tariff preference programs applicable to HS Code 29225035. These programs offer reduced or zero duty rates for specific countries. The following countries and regions have special tariff rates for this HS Code:
Under these special tariff preference programs, imports of HS Code 29225035 may enjoy duty-free treatment or reduced duty rates. For example, imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under this subheading receive duty-free treatment. Other programs like the Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), and Andean Trade Preference Act (ATPA) also offer duty-free treatment for eligible imports.
In addition to the special tariff preference programs, some specific countries have their own special rates for HS Code 29225035. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, and Jordan offer duty-free treatment or reduced duty rates for imports of this product.
Importing US states for HS Code 29225035 include Puerto Rico and North Carolina. These states have been importing this product, with Puerto Rico being the primary importer.
It's important for traders and importers/exporters to be aware of the HS Code and its associated regulations when dealing with international trade. The HS Code provides a standardized classification system for products, allowing for easier identification and tracking of goods across borders. Understanding the duty rates and special tariff preference programs can help businesses optimize their import/export strategies and take advantage of cost-saving opportunities.