HS Code 29242995: Other Nonaromatic Cyclic Amides and Their Derivatives
The HS Code 29242995 refers to a specific product category known as "Other nonaromatic cyclic amides and their derivatives; salts thereof; nesoi." This code is used to classify and monitor the import and export of this particular product. It is important for traders, customs officials, and policymakers to understand the details and implications of this HS code.
Product Description:
- HS Code: 29242995
- Product Category: Other nonaromatic cyclic amides and their derivatives; salts thereof; nesoi
Bound / MFN Duty Rate:
- Duty Rate: 6.5%
- Explanation: Every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
Quantity Unit: Kilograms (KG)
Special Tariff Preference Programs:
- Free Trade Agreements: Australia (A), Australia (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), South Korea (K), Morocco (MA), Mexico (MX), Oman (OM), Panama (P), Peru (PE), Singapore (SG)
- Details: The product is eligible for duty-free treatment under various trade agreements. These include Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Agreement on Trade in Pharmaceutical Products, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
Importing US States:
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
- Nebraska
Exporting US States: (Information not available)
Conclusion:
The HS Code 29242995 categorizes products that fall under the classification of "Other nonaromatic cyclic amides and their derivatives; salts thereof; nesoi." It is essential for importers, exporters, and trade officials to be familiar with this code to ensure proper classification and compliance with trade regulations. The duty rate for this category is 6.5%, and there are several special tariff preference programs that offer duty-free treatment for eligible countries. Understanding the implications of HS Code 29242995 is crucial for facilitating international trade and ensuring fair market access for all trading partners.
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