Aromatic ureines and their derivatives, along with their salts, fall under the HS Code 29242120. This code is described in additional U.S. note 3 to section VI of the Harmonized System (HS) classification.
The HS Code is an internationally recognized system for classifying goods. It is used by customs authorities to determine the appropriate customs duty rates and other trade requirements for imported and exported products. Understanding the HS Code is crucial for businesses involved in international trade.
The product covered by HS Code 29242120 includes aromatic ureines and their derivatives, including salts. Aromatic ureines are organic compounds that contain a ureine functional group and an aromatic ring structure. These substances have various applications in industries such as pharmaceuticals, dyes, and chemicals.
The bound (maximum) and most-favored-nation (MFN) duty rate for products classified under HS Code 29242120 is 6.5%. The MFN duty rate applies to all trading partners of a country when it lowers trade barriers or opens up a market. This ensures equal treatment for all goods or services from different countries.
The quantity unit for products classified under HS Code 29242120 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
Under certain special tariff preference programs, imports of products classified under HS Code 29242120 may be eligible for preferential duty rates or duty-free treatment. Some of these programs include:
Each of these programs has specific eligibility criteria and conditions. For example, the Free Trade Agreements provide duty-free treatment for imports from least-developed beneficiary developing countries under that subheading. Singapore has a special rate of 0.9% for imports of products classified under this HS Code.
Other programs such as 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.
Products classified under HS Code 29242120 can be imported or exported from various states within the United States. The specific importing and exporting states may vary depending on the trade activities and market demand for these products.
Understanding the HS Code 29242120 is essential for businesses involved in the import and export of aromatic ureines and their derivatives. It helps in determining the correct customs duty rates, complying with trade regulations, and taking advantage of special tariff preference programs. Stay informed about the latest updates and changes in the HS Code to ensure smooth international trade operations.