In international trade, the Harmonized System (HS) code is used to classify and identify different types of goods and products. HS Code 29310030 specifically refers to aromatic organo-inorganic compounds not elsewhere specified (NESOI), as described in additional U.S. note 3 to section VI. This article aims to provide a comprehensive understanding of HS Code 29310030, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with it.
Aromatic organo-inorganic compounds, categorized under HS Code 29310030, are substances that consist of a combination of organic and inorganic components, with aromatic properties. These compounds are not specifically classified under other HS codes and fall under the additional U.S. note 3 to section VI of the Harmonized System.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29310030 is 6.5%. The MFN duty rate is the standard rate that applies to imports of this product from any country that is a member of the World Trade Organization (WTO). It is important to note that this rate remains constant, regardless of any special tariff preference programs or trade agreements in place.
The quantity unit for measuring imports or exports of products classified under HS Code 29310030 is kilograms (KG). This unit of measurement is used to determine the weight of the aromatic organo-inorganic compounds being traded.
HS Code 29310030 is eligible for various special tariff preference programs, which offer reduced or duty-free rates for imports. The specific programs applicable to this HS code are as follows:
These special tariff preference programs aim to promote trade, economic development, and cooperation between the United States and the countries or regions mentioned. Importers can take advantage of these programs to reduce import costs and encourage international trade relationships.
HS Code 29310030 is relevant to various US states engaged in importing and exporting aromatic organo-inorganic compounds. The following US states are associated with this HS code:
These states actively participate in the trade of aromatic organo-inorganic compounds under HS Code 29310030, either as importers or exporters of the product.
HS Code 29310030 encompasses aromatic organo-inorganic compounds not elsewhere specified. It is essential for importers, exporters, and traders to understand the product description, duty rates, quantity unit, special tariff preference programs, and the associated US states. By staying informed and utilizing the available special tariff preference programs, businesses can optimize their import or export operations and foster international trade relationships.