Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29291080: A Comprehensive Guide to Other Isocyanates

Isocyanates are a group of chemicals that play a crucial role in various industries, including automotive, construction, and furniture manufacturing. They are primarily used in the production of polyurethane, a versatile material with a wide range of applications. HS Code 29291080 specifically refers to "Other isocyanates, nesoi," which encompasses isocyanates that do not fall under any other specific category. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description: Other Isocyanates, Nesoi

The HS code 29291080 represents a category of isocyanates that cannot be classified under any other specific code. Isocyanates are organic compounds that contain the functional group -N=C=O. They are highly reactive and are primarily used in the production of polyurethane foams, coatings, adhesives, and elastomers. Other isocyanates, nesoi, refers to those isocyanates that have unique properties or compositions that do not fit into any other defined category.

Bound / MFN Duty Rate

The bound / MFN duty rate for HS code 29291080 is 6.5%. Bound duty rates are the maximum rates agreed upon by World Trade Organization (WTO) members and are applicable to all trading partners. The MFN (Most Favored Nation) principle ensures that when 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. Therefore, the duty rate of 6.5% applies uniformly to imports of other isocyanates, nesoi, from all countries.

Quantity Unit: Kilograms (KG)

The quantity unit for HS code 29291080 is kilograms (KG). This means that the measurement and pricing of other isocyanates, nesoi, are based on weight. Importers and exporters need to accurately determine the weight of the product in kilograms to calculate the appropriate customs duties and to comply with international trade regulations.

Special Tariff Preference Programs

Several countries have established special tariff preference programs that provide certain benefits or exemptions for imports of specific goods. In the case of HS code 29291080, the special tariff preference programs are as follows:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
• Australia Special Rate: Australia has a special rate for imports of other isocyanates, nesoi, which grants them duty-free treatment.
• Bahrain Special Rate: Bahrain offers a special rate for imports of other isocyanates, nesoi, allowing them to be imported duty-free.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports of other isocyanates, nesoi, from Canada receive duty-free treatment.
• Chile Special Rate: Chile provides a special rate for imports of other isocyanates, nesoi, allowing them to be imported duty-free.
• Africa Growth and Opportunity Act (AGOA): Imports of other isocyanates, nesoi, from eligible countries under AGOA receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports of other isocyanates, nesoi, from eligible countries under CBI receive duty-free treatment.
• Israel Special Rate: Israel offers a special rate for imports of other isocyanates, nesoi, allowing them to be imported duty-free.
• Andean Trade Preference Act (ATPA): Imports of other isocyanates, nesoi, from eligible countries under ATPA receive duty-free treatment.
• Jordan Special Rate: Jordan provides a special rate for imports of other isocyanates, nesoi, allowing them to be imported duty-free.
• Morocco Special Rate: Morocco offers a special rate for imports of other isocyanates, nesoi, allowing them to be imported duty-free.
• NAFTA for Mexico: Under NAFTA, imports of other isocyanates, nesoi, from Mexico receive duty-free treatment.
• Oman Special Rate: Oman provides a special rate for imports of other isocyanates, nesoi, allowing them to be imported duty-free.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports of other isocyanates, nesoi, from eligible countries under DR-CAFTA receive duty-free treatment.
• Peru Special Rate: Peru offers a special rate for imports of other isocyanates, nesoi, allowing them to be imported with only 1% duty.
• Singapore Special Rate: Singapore provides a special rate for imports of other isocyanates, nesoi, allowing them to be imported with only 1% duty.

These special tariff preference programs aim to promote trade, support economic development, and strengthen bilateral or regional relationships between countries.

HS code 29291080 relates to other isocyanates, nesoi, which are isocyanates that do not fall under any other specific category. Understanding the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs, is crucial for importers, exporters, and businesses involved in the trade of isocyanates. Compliance with international trade regulations and taking advantage of special tariff preference programs can contribute to cost savings and enhance trade opportunities.