HS Code 29331937: A Comprehensive Guide to Aromatic or Mod. Aromatic Compounds

The HS Code 29331937 refers to aromatic or moderately aromatic compounds described in additional US note 3 to section VI. These compounds contain an unfused pyrazole ring, with or without hydrogenation, in their structure. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing US states.

Product Description

The products falling under HS Code 29331937 are aromatic or moderately aromatic compounds with an unfused pyrazole ring in their structure. The presence of this ring imparts specific chemical properties and applications to these compounds. They can be used in various industries, including pharmaceuticals, agrochemicals, fragrances, and dyes.

Bound / MFN Duty Rate

The bound/MFN (Most Favored Nation) duty rate for products classified under HS Code 29331937 is 6.5%. This means 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 duty rate applies to imports of these compounds, ensuring a consistent trade environment.

Quantity Unit

The quantity unit for measuring imports and exports of products under HS Code 29331937 is kilograms (KG). This unit is widely used in international trade to quantify the amount of goods being shipped. It enables accurate tracking and pricing of these compounds during import and export processes.

Special Tariff Preference Programs

Products classified under HS Code 29331937 can benefit from various special tariff preference programs. These programs provide preferential treatment in terms of duty rates based on the country of origin or other criteria. Here are some of the special tariff preference programs applicable to this HS code:

Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
Australia Special Rate: Specific tariff rate for imports from Australia.
Bahrain Special Rate: Specific tariff rate for imports from Bahrain.
NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement.
Chile Special Rate: Specific tariff rate for imports from Chile.
Africa Growth and Opportunity Act (AGOA): Duty-free treatment for imports from eligible African countries under the AGOA program.
Caribbean Basin Initiative (CBI): Duty-free treatment for imports from eligible Caribbean countries under the CBI program.
Israel Special Rate: Specific tariff rate for imports from Israel.
Andean Trade Preference Act (ATPA): Specific tariff rate for imports from eligible Andean countries under the ATPA program.
Jordan Special Rate: Specific tariff rate for imports from Jordan.
Agreement on Trade in Pharmaceutical Products: Duty-free treatment for imports under the agreement.
Uruguay Round Concessions on Intermediate Chemicals for Dyes: Duty-free treatment for imports under the Uruguay Round Concessions.
Morocco Special Rate: Specific tariff rate for imports from Morocco.
NAFTA for Mexico: Duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Specific tariff rate for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Specific tariff rate for imports from eligible countries under the DR-CAFTA program.
Peru Special Rate: Specific tariff rate for imports from Peru.
0.9%: Singapore Special Rate for imports from Singapore.

These special tariff preference programs aim to promote trade, economic development, and cooperation among participating countries.

Importing US States

The following US states are major importers of products classified under HS Code 29331937:

Indiana
New Jersey
Nebraska

These states have a significant demand for aromatic or moderately aromatic compounds with an unfused pyrazole ring. The importation of these compounds contributes to the growth and development of industries in these states.