The HS Code 29331990 refers to a specific product category in international trade. In this article, we will explore the details of this HS code and provide relevant information about the product it represents.
The product categorized under HS Code 29331990 is an "Other compound containing unfused pyrazole ring (whether or not hydrogenated) in the structure." This means that the product is a chemical compound that includes a pyrazole ring but does not fall under the categories of aromatic compounds, modified aromatic compounds, or drugs.
The presence of a pyrazole ring in the structure of this compound makes it unique and distinct from other chemical compounds. Pyrazole is a five-membered aromatic heterocyclic compound with two nitrogen atoms in the ring. It is known for its diverse chemical and biological properties, making it a valuable component in the development of various products.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 29331990 is 6.5%. This means that when a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% for all goods or services from all its trading partners.
The MFN principle ensures that countries treat their trading partners equally by providing the same trade benefits and obligations to all members of the World Trade Organization (WTO). In the case of HS Code 29331990, the 6.5% duty rate applies uniformly to this product regardless of the country of origin.
The quantity unit for products classified under HS Code 29331990 is kilograms (KG). This means that the product is measured and traded in kilograms. The quantity unit is essential for accurate measurement and pricing of the product during international trade transactions.
Products falling under HS Code 29331990 may be eligible for special tariff preference programs, which provide preferential treatment in terms of duty rates. Here are some special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duties on specific products, including those under HS Code 29331990.
Based on the available data, the following US states import products classified under HS Code 29331990:
These states serve as important destinations for the importation of products falling under this HS code. The specific reasons for the concentration of imports in these states may vary, including factors such as industrial demand, distribution networks, or proximity to key trade routes.
No specific data is available regarding the exporting US states for products classified under HS Code 29331990. However, it is important to note that the United States is a major exporter in various industries, including chemicals and pharmaceuticals. Therefore, it is likely that products falling under this HS code are exported from multiple states across the country.
HS Code 29331990 represents a specific category of chemical compounds containing an unfused pyrazole ring. The product description, duty rate, quantity unit, special tariff preference programs, and importing US states provide valuable insights into the nature and trade dynamics of this HS code. These details are crucial for businesses, policymakers, and individuals involved in international trade and commerce.