HS Code 29242976: A Comprehensive Guide to Aromatic Cyclic Amides and Their Derivatives

When it comes to international trade, the Harmonized System (HS) code plays a crucial role in identifying and classifying products. In this article, we will delve into the details of HS Code 29242976, which pertains to aromatic cyclic amides and their derivatives, including salts thereof, not elsewhere specified. We will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code, providing you with a comprehensive understanding of its implications in global trade.

Product Description

The product covered by HS Code 29242976 is aromatic cyclic amides and their derivatives, including salts thereof, not elsewhere specified (NESOI). These substances belong to the amide family and are characterized by their cyclic structure. Aromatic cyclic amides find applications in various industries, such as pharmaceuticals, agrochemicals, and dyes.

Duty Rates

The bound (maximum) and most-favored-nation (MFN) duty rate for HS Code 29242976 is 6.5%. It is important to note that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair trade practices and prevents discriminatory treatment against specific countries or products.

Quantity Unit

The quantity unit for HS Code 29242976 is kilograms (KG). This means that the weight of the imported or exported goods is measured in kilograms, providing a standardized unit of measurement for trade transactions.

Special Tariff Preference Programs

HS Code 29242976 is eligible for various special tariff preference programs, which offer preferential duty rates or duty-free treatment for specific countries or regions. Here are some of the special tariff preference programs associated with this HS code:

Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This program aims to support the economic development of these countries.
Australia Special Rate: Australia has a special tariff rate for imports falling under HS Code 29242976.
Bahrain Special Rate: Bahrain offers a special tariff rate for imports of aromatic cyclic amides and their derivatives.
NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports from Canada receive duty-free treatment.
Chile Special Rate: Chile has a special tariff rate for imports falling under this HS code.
Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under this program, promoting economic growth and development in the region.
Caribbean Basin Initiative (CBI): Imports from the Caribbean Basin countries receive duty-free treatment under this initiative.
Israel Special Rate: Israel offers a special tariff rate for imports of aromatic cyclic amides and their derivatives.
Andean Trade Preference Act (ATPA): Imports from Andean countries receive preferential duty rates under this trade agreement.
Jordan Special Rate: Jordan has a special tariff rate for imports falling under HS Code 29242976.
Agreement on Trade in Pharmaceutical Products: This agreement provides duty-free treatment for pharmaceutical products, including aromatic cyclic amides and their derivatives.
Uruguay Round Concessions on Intermediate Chemicals for Dyes: Intermediate chemicals used in the dye industry, falling under this HS code, receive duty-free treatment under the Uruguay Round concessions.
Morocco Special Rate: Morocco offers a special tariff rate for imports of aromatic cyclic amides and their derivatives.
NAFTA for Mexico: Under NAFTA, imports from Mexico receive duty-free treatment.
Oman Special Rate: Oman has a special tariff rate for imports falling under HS Code 29242976.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from the DR-CAFTA countries receive preferential duty rates under this trade agreement.
Peru Special Rate: Peru offers a special tariff rate for imports of aromatic cyclic amides and their derivatives.
Singapore Special Rate: Singapore has a special tariff rate of 1.1% for imports falling under this HS code.

Importing US States

While HS Code 29242976 does not specify exporting US states, it is important to note that this code is applicable to all states across the United States. Therefore, aromatic cyclic amides and their derivatives falling under this HS code can be imported into any state, including Nebraska.