The HS Code 29299005 refers to a specific product description, namely 2,2-Bis(4-cyanatophenyl)-1,1,1,3,3,3,-hexafluoropropane; 2,2-bis(4-cyanatophenyl)propane; 1,1-ethylidenebis(phenyl-4-cyanate); and 2 others. This code is used to classify and regulate the import and export of this particular product.
When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized system that allows countries to classify products for customs and statistical purposes. The HS Code 29299005 falls within the broader category of organic chemicals, making it easier for customs authorities and traders to identify and categorize this specific product.
The bound / MFN duty rate for the HS Code 29299005 is free. This means that there are no import duties imposed on this product, regardless of the country of origin. The principle of Most Favored Nation (MFN) treatment ensures that every country must offer the same trade benefits to all its trading partners, eliminating discriminatory practices.
The quantity unit for the HS Code 29299005 is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported.
There are also special tariff preference programs associated with the HS Code 29299005. These programs provide additional benefits or preferences to certain countries or regions. In this case, the product is eligible for free duty treatment under various programs such as the Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), and Peru Special Rate. Singapore, on the other hand, has a special rate of 1% for this product.
Importing US states and exporting US states are also important considerations when dealing with the HS Code 29299005. Different states within the United States may have specific regulations or requirements for importing or exporting this product. It is crucial for traders to be aware of these state-specific regulations to ensure compliance and smooth trade operations.
the HS Code 29299005 is used to classify and regulate the import and export of the product described as 2,2-Bis(4-cyanatophenyl)-1,1,1,3,3,3,-hexafluoropropane; 2,2-bis(4-cyanatophenyl)propane; 1,1-ethylidenebis(phenyl-4-cyanate); and 2 others. Understanding the HS Code and its associated regulations, such as duty rates and special tariff preference programs, is essential for businesses engaged in international trade.