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Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29242933: A Comprehensive Guide

The HS Code 29242933 refers to a specific product description: 3-Hydroxy-2-naphthanilide; 3-hydroxy-2-naphtho-o-toluidide; 3-hydroxy-2-naphtho-o-anisidine; 3-hydroxy-2-naphtho-o-phenetidide; and other related compounds. This article aims to provide an extensive understanding of this HS code, its implications, and the relevant information associated with it.

HS Code: What Does It Mean?

The Harmonized System (HS) Code is an internationally recognized system used for classifying products in international trade. It consists of a series of numbers and names that help identify and categorize specific goods. The HS Code 29242933 represents a particular type of compound or chemical substance.

Product Description

The product description associated with the HS Code 29242933 includes various compounds such as 3-hydroxy-2-naphthanilide, 3-hydroxy-2-naphtho-o-toluidide, 3-hydroxy-2-naphtho-o-anisidine, 3-hydroxy-2-naphtho-o-phenetidide, and other similar substances. These compounds are commonly used in various industries, including pharmaceuticals, dyes, and research fields.

Bound / MFN Duty Rate

The bound / MFN duty rate for the HS Code 29242933 is free. This means that there are no additional tariffs or duties imposed on the importation of this product. Free trade agreements and international trade agreements have led to the elimination of trade barriers for this specific product, ensuring equal treatment for all trading partners.

Quantity Unit

The quantity unit for the HS Code 29242933 is kilograms (KG). This unit of measurement is widely used in international trade to quantify the amount of products being imported or exported.

Special Tariff Preference Programs

Several special tariff preference programs apply to the HS Code 29242933. These programs provide certain countries with preferential treatment, including duty-free importation. The countries eligible for these programs include:

These special tariff preference programs aim to promote economic growth and development in specific regions by providing favorable trade conditions for eligible countries.

Importing US States

The data provided does not specify the exporting states for the HS Code 29242933. However, it indicates that the product has been imported into the state of Nebraska multiple times. Nebraska serves as a destination for this particular product, highlighting its demand and utilization in various industries within the state.

Conclusion

The HS Code 29242933 relates to a range of chemical compounds used in industries such as pharmaceuticals, dyes, and research. It is classified under various special tariff preference programs, enabling duty-free importation for eligible countries. The bound / MFN duty rate for this HS code is free, indicating the absence of additional tariffs. Understanding the HS Code system and its associated product descriptions and tariff preferences is crucial for businesses engaged in international trade.



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