The HS Code 29225040 refers to a specific category of products known as Aromatic Amino-Alcohol-Phenols, Amino-Acid-Phenols, and Other Amino-Compounds with Oxygen Function, nesoi. This code is used to classify and regulate the import and export of these particular substances.
These compounds are characterized by their chemical structure, containing both amino and alcohol or phenol groups, as well as other oxygen functional groups. They are used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing.
When importing or exporting products classified under HS Code 29225040, it is important to consider the associated duties and tariff rates. The bound / MFN (Most Favored Nation) duty rate for this code is set at 6.5%. This means 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, with a duty rate of 6.5% applied.
The quantity unit for products classified under HS Code 29225040 is kilograms (KG). This unit is used to measure the weight of the imported or exported substances.
There are also special tariff preference programs that affect the duty rates for products classified under this HS Code. Some countries offer free trade or reduced duty rates for imports from specific trading partners. For example, imports eligible for GSP (Generalized System of Preferences) under this subheading are granted duty-free treatment. This includes least-developed beneficiary developing countries.
Other special tariff preference programs include the Australia Special Rate, Bahrain Special Rate, NAFTA (North American Free Trade Agreement) for Canada and Mexico, Chile Special Rate, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Agreement on Trade in Pharmaceutical Products, Uruguay Round Concessions on Intermediate Chemicals for Dyes, Morocco Special Rate, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), and Peru Special Rate. These programs offer different levels of duty-free treatment or reduced duty rates for imports from specific countries or regions.
When considering the importation of products classified under HS Code 29225040 to the United States, it is worth noting that Puerto Rico is listed as one of the importing states. This indicates that there is a demand for these substances in Puerto Rico.
Overall, HS Code 29225040 plays a crucial role in the classification, regulation, and trade of Aromatic Amino-Alcohol-Phenols, Amino-Acid-Phenols, and Other Amino-Compounds with Oxygen Function, nesoi. Understanding the associated duty rates, special tariff preference programs, and import/export destinations can help businesses navigate the international trade landscape more effectively.