HS Code 29252920: Aromatic Drugs of Imines and their Derivatives
In the world of international trade, HS codes are used to classify and identify specific products. HS Code 29252920 refers to aromatic drugs of imines and their derivatives, nesoi. This code helps customs authorities and traders determine the appropriate import duties and regulations for these particular goods.
The product description for HS Code 29252920 encompasses aromatic drugs of imines and their derivatives, which are not elsewhere specified. These substances are commonly used in the pharmaceutical industry for various purposes, such as treating medical conditions or conducting research.
When it comes to the duty rates, goods classified under HS Code 29252920 are subject to a bound or Most Favored Nation (MFN) duty rate of 6.5%. The MFN duty rate ensures that every time 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 helps maintain fair and equal trade practices.
The quantity unit for importing and exporting goods under HS Code 29252920 is kilograms (KG). This standard unit of measurement ensures consistency and accuracy in trade transactions.
Special tariff preference programs may also apply to goods classified under HS Code 29252920. Some of these programs include:
- Free Trade Agreement (FTA) Countries: Imports from countries with free trade agreements, such as Australia (A+), Australia (AU), Bahrain (BH), Canada (CA), Chile (CL), Dominican Republic (D), El Salvador (E), Israel (IL), Japan (J), Jordan (JO), South Korea (K), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Panama (PE), Singapore (SG), etc., may be eligible for duty-free treatment.
- Australia Special Rate: Australia may have specific preferential rates for goods classified under HS Code 29252920.
- Bahrain Special Rate: Bahrain may have specific preferential rates for goods classified under HS Code 29252920.
- NAFTA: Canada and Mexico may offer duty-free treatment for goods classified under HS Code 29252920 under the North American Free Trade Agreement.
- Chile Special Rate: Chile may have specific preferential rates for goods classified under HS Code 29252920.
- Africa Growth and Opportunity Act (AGOA): Goods classified under HS Code 29252920 may be eligible for duty-free treatment under AGOA for qualifying African countries.
- Caribbean Basin Initiative (CBI): Goods classified under HS Code 29252920 may be eligible for duty-free treatment under CBI for qualifying Caribbean countries.
- Israel Special Rate: Israel may have specific preferential rates for goods classified under HS Code 29252920.
- Andean Trade Preference Act (ATPA): Goods classified under HS Code 29252920 may be eligible for duty-free treatment under ATPA for qualifying Andean countries.
- Jordan Special Rate: Jordan may have specific preferential rates for goods classified under HS Code 29252920.
- Agreement on Trade in Pharmaceutical Products: Goods classified under HS Code 29252920 may be eligible for duty-free treatment under this agreement.
- Morocco Special Rate: Morocco may have specific preferential rates for goods classified under HS Code 29252920.
- Oman Special Rate: Oman may have specific preferential rates for goods classified under HS Code 29252920.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Goods classified under HS Code 29252920 may be eligible for duty-free treatment under DR-CAFTA for qualifying countries.
- Peru Special Rate: Peru may have specific preferential rates for goods classified under HS Code 29252920.
- Singapore Special Rate: Singapore may have specific preferential rates for goods classified under HS Code 29252920.
It is important to note that the availability of these special tariff preference programs may vary depending on the specific trade agreements and eligibility criteria set by each country.
When it comes to the importing US states for goods classified under HS Code 29252920, the data provided indicates that the goods have been imported to the state of Nebraska multiple times. This information is useful for trade analysis and tracking the flow of specific products in different regions.
HS Code 29252920 represents aromatic drugs of imines and their derivatives, nesoi. This code helps classify and regulate the import and export of these goods. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 29252920 is crucial for businesses and individuals involved in international trade.
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