In international trade, HS codes are used to classify products for customs purposes. They provide a standardized system for identifying and categorizing goods. One such HS code is 29242923, which relates to a specific group of chemicals. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states associated with HS Code 29242923.
The product description for HS Code 29242923 includes several specified cyclic amide chemicals. Specifically, it covers 4-Aminoacetanilide and 2-2-oxamidobis[ethyl-3-(3,5-di-tert-butyl-4-hydroxyphenyl)propionate]. These chemicals are commonly used in various industries, such as pharmaceuticals, dyes, and polymers.
The bound or most-favored-nation (MFN) duty rate is the rate applied to imports when a country lowers a trade barrier or opens up a market. In the case of HS Code 29242923, the duty rate is free. This means that there are no import duties imposed on this product when it enters a country's market. It promotes trade and encourages the importation of these chemicals.
The quantity unit for HS Code 29242923 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight or quantity of a product being imported or exported. It helps in ensuring accurate and standardized trade transactions.
HS Code 29242923 is eligible for various special tariff preference programs, which provide specific benefits and exemptions for certain countries. The following programs offer duty-free treatment or special rates for imports of this product:
These programs aim to promote trade and economic development by providing preferential treatment for imports from specific countries or regions.
While the specific data regarding the importing and exporting US states for HS Code 29242923 is not provided, it is worth noting that the product may be imported or exported by various states in the United States. However, it is important to consult the specific trade data or contact relevant authorities for accurate information on the states involved in the trade of this product.
HS Code 29242923 covers a range of cyclic amide chemicals used in various industries. It enjoys duty-free treatment and is eligible for special tariff preference programs that promote trade and economic development. Understanding HS codes and their associated details is crucial for businesses engaged in international trade to ensure compliance and take advantage of preferential treatment.