The HS Code 29280050 refers to nonaromatic organic derivatives of hydrazine or of hydroxylamine that are not elsewhere specified. This code is used to classify and identify these specific chemical compounds for international trade purposes.
When it comes to international trade, the HS Code is a standardized system that is used by countries worldwide to classify and identify traded goods. It helps in simplifying the process of customs clearance and provides a systematic way to track and monitor international trade statistics.
The product description for HS Code 29280050 is "Nonaromatic organic derivatives of hydrazine or of hydroxylamine, nesoi." This means that the code covers organic compounds derived from hydrazine or hydroxylamine that do not contain an aromatic ring and are not specifically classified under any other HS Code.
Hydrazine and hydroxylamine are both nitrogen-based compounds that have various applications in industries such as pharmaceuticals, agriculture, and chemicals. The derivatives of these compounds covered under this HS Code may have diverse uses and properties.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 29280050 is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% to the nonaromatic organic derivatives of hydrazine or hydroxylamine from all its trading partners.
The Bound / MFN duty rate is an important factor in determining the cost of importing or exporting goods under this HS Code. Importers and exporters need to consider this duty rate when calculating the overall cost and feasibility of trade.
The quantity unit for HS Code 29280050 is kilograms (KG). This means that the weight of the nonaromatic organic derivatives of hydrazine or hydroxylamine traded under this code is measured in kilograms.
The quantity unit is crucial for accurately measuring and calculating the volume of trade. It helps in determining the quantity of goods being traded and is an essential parameter for customs clearance and documentation.
HS Code 29280050 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries or regions. The following special tariff preference programs apply to this HS Code:
These special tariff preference programs aim to promote trade and provide incentives for specific countries or regions. Importers and exporters should take advantage of these programs to minimize costs and maximize trade opportunities.
The HS Code 29280050 is relevant for both importing and exporting goods from and to the United States. The code applies to trade involving various US states.
When importing goods under this HS Code, importers from any US state can benefit from the special tariff preference programs mentioned earlier, as long as the eligibility criteria for those programs are met. This can result in lower duty rates or duty-free treatment, depending on the specific program.
Similarly, when exporting goods under this HS Code, exporters from any US state can take advantage of the special tariff preference programs to access preferential treatment in the destination countries or regions. This can enhance the competitiveness of US exports and expand market opportunities.
It is important for importers and exporters to be aware of the regulations, documentation requirements, and eligibility criteria associated with trade under HS Code 29280050. Compliance with customs regulations and utilization of special tariff preference programs can significantly benefit international trade involving nonaromatic organic derivatives of hydrazine or hydroxylamine.