The HS Code 29242370 refers to 2-Acetamidobenzoic acid salts, as described in additional U.S. note 3 to section VI. This code is used to classify and identify this specific product for international trade purposes. Understanding the HS code is important for importers, exporters, and government agencies involved in trade regulations and customs procedures.
2-Acetamidobenzoic acid salts are chemical compounds that have various applications in industries such as pharmaceuticals, dyes, and intermediate chemicals. This product is classified under HS Code 29242370, which helps in standardizing its identification and classification across different countries and regions.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29242370 is 6.5%. This means that when a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 6.5% for the import of 2-Acetamidobenzoic acid salts from all its trading partners. This duty rate ensures fair and equal treatment for all trading partners.
The quantity unit for HS Code 29242370 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of 2-Acetamidobenzoic acid salts being imported or exported. It helps in calculating the total value and quantity of the product for customs clearance and trade statistics purposes.
There are several special tariff preference programs applicable to the import of 2-Acetamidobenzoic acid salts under HS Code 29242370. These programs provide certain countries with preferential treatment in terms of reduced or duty-free tariffs. The following is a list of special tariff preference programs and the corresponding rates:
These special tariff preference programs aim to promote trade, economic development, and cooperation between countries. They provide incentives for certain countries to engage in trade and benefit from reduced trade barriers.
HS Code 29242370 is used to classify and identify 2-Acetamidobenzoic acid salts being imported or exported by different states within the United States. The importing US states refer to the states where the product is being brought into the country, while the exporting US states refer to the states from where the product is being shipped to other countries.
Understanding the importing and exporting US states helps in tracking the flow of trade, determining trade patterns, and analyzing the economic impact of 2-Acetamidobenzoic acid salts in different regions of the United States.
HS Code 29242370 represents 2-Acetamidobenzoic acid salts. This code helps in standardizing the identification and classification of the product for international trade purposes. The bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code play a crucial role in regulating trade, promoting economic development, and ensuring fair treatment for all trading partners.