HS Code 29242936: Naphthol AS and derivatives, nesoi
Naphthol AS and its derivatives, not elsewhere specified, fall under the HS code 29242936. This article will provide a comprehensive understanding of the product description, duty rates, quantity units, special tariff preference programs, and the importing/exporting US states associated with this HS code.
Naphthol AS and its derivatives are chemical compounds used in various industries, including the textile, pharmaceutical, and dye manufacturing sectors. These compounds are primarily used as intermediates in the production of dyes, pigments, and colorants.
The HS code 29242936 is a globally recognized code used for the classification and identification of goods during international trade. It is essential for customs officials and traders to correctly classify products to ensure proper duty rates and compliance with trade regulations.
The bound or MFN (Most Favored Nation) duty rate for HS code 29242936 is 6.5%. This rate applies to all countries when they lower trade barriers or open up their markets. It ensures that the same duty rate is imposed on the same goods or services from all trading partners.
The quantity unit for HS code 29242936 is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported.
There are several special tariff preference programs associated with HS code 29242936. Some countries have negotiated preferential treatment, resulting in reduced or duty-free rates for imports. The following countries enjoy special tariff rates for this HS code:
- Free: Generalized System of Preferences (GSP) provides duty-free treatment for eligible countries. Australia, Bahrain, Canada (under NAFTA), Chile, European Union (E), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, and Panama are among the countries that benefit from this program.
- 1%: Singapore has a special tariff rate of 1% for HS code 29242936.
These special tariff preference programs aim to promote trade, boost economic growth, and strengthen diplomatic relations between participating countries.
When it comes to the importing US states associated with HS code 29242936, Nebraska is the only state listed in the available data. This indicates that Nebraska engages in the importation of Naphthol AS and its derivatives.
On the other hand, no exporting US states are mentioned in the provided information. However, it is important to note that the export of HS code 29242936 may vary depending on market demand, production capabilities, and trade agreements.
HS code 29242936 represents Naphthol AS and its derivatives, which are chemical compounds used in various industries. Proper classification and understanding of this HS code are crucial for international trade compliance. The duty rate, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code provide valuable insights for traders and customs officials.
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