Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29242150: Nonaromatic Ureines and Their Derivatives; and Salts Thereof

When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) Code comes into play. The HS Code 29242150 refers to nonaromatic ureines and their derivatives, as well as the salts derived from them.

Nonaromatic ureines are organic compounds that play a significant role in various industries. These compounds are widely used in the production of pharmaceuticals, agricultural chemicals, and other specialty chemicals. The derivatives of nonaromatic ureines are chemically modified versions of these compounds, which often possess enhanced properties or functionalities.

The HS Code 29242150 covers both the nonaromatic ureines and their derivatives, as well as the salts derived from them. Salts are formed when these compounds react with acids or bases, resulting in the formation of ionic compounds. These salts can exhibit different properties and are often used in various applications.

Now let's take a closer look at the details related to the HS Code 29242150:

• Bound / MFN duty rate: The bound or most-favored-nation (MFN) duty rate for goods classified under the HS Code 29242150 is 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.
• Quantity unit: The quantity unit used for goods classified under the HS Code 29242150 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight or quantity of goods being traded.
• Special tariff preference programs: Several countries offer special tariff preference programs for goods classified under the HS Code 29242150. These programs provide preferential treatment in terms of duty rates. The following countries offer free trade for this HS Code: Australia, Austria, Bahrain, Canada, Chile, European Union, Israel, Japan, Jordan, South Korea, Morocco, Mexico, Oman, Peru, Singapore.
• Importing US states: Goods classified under the HS Code 29242150 can be imported into various states of the United States.
• Exporting US states: Goods classified under the HS Code 29242150 can be exported from various states of the United States.

The HS Code 29242150 plays a crucial role in facilitating international trade by providing a standardized classification for nonaromatic ureines and their derivatives, as well as the salts derived from them. This classification system ensures that goods can be easily identified and categorized, allowing for efficient customs procedures and trade negotiations.

It is important for businesses involved in the import and export of goods classified under the HS Code 29242150 to be aware of the duty rates and special tariff preference programs offered by different countries. This knowledge can help businesses optimize their trading activities and take advantage of cost-saving opportunities.

the HS Code 29242150 encompasses nonaromatic ureines and their derivatives, as well as the salts derived from them. This code enables the smooth flow of international trade by providing a standardized classification and facilitating customs procedures. Businesses should stay informed about the duty rates and special tariff preference programs associated with this HS Code to maximize their trading potential.