When it comes to international trade, HS codes play a crucial role in classifying products for import and export purposes. In this article, we will delve into the details of HS Code 29332905, specifically focusing on its product description, duty rates, quantity unit, special tariff preference programs, and the importing US states.
The HS code 29332905 represents a specific chemical compound known as 1-[1-((4-Chloro-2-(trifluoromethyl)phenyl)imino)-2-propoxyethyl]-1H-imidazole (triflumizole) and ethylene thiourea. This compound is commonly used in various industries, including agriculture and pharmaceuticals.
The bound or Most Favored Nation (MFN) duty rate refers to the rate applied to a product when it is imported or exported between countries. In the case of HS Code 29332905, the duty rate is currently free. This means that there are no tariffs or duties imposed on this product, ensuring smooth trade between nations.
It is important to note that when 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 principle promotes fair and equal trade opportunities for all participating countries.
The quantity unit for HS Code 29332905 is kilograms (KG). This unit of measurement is commonly used to determine the weight or quantity of the product being imported or exported. It provides a standardized way of quantifying the amount of the chemical compound involved in trade transactions.
HS Code 29332905 is eligible for various special tariff preference programs that offer additional benefits to importing countries. These programs include:
HS Code 29332905 is imported into the following US states:
The importation of this chemical compound contributes to various industries within these states, including agriculture, pharmaceuticals, and other sectors that rely on its application.
HS Code 29332905 encompasses a specific chemical compound used in multiple industries. Its duty rate is currently free, allowing for seamless trade between countries. The quantity unit is measured in kilograms, and it is eligible for special tariff preference programs. Importation of this product is prominent in the states of Indiana, New Jersey, and Nebraska. Understanding and complying with the regulations associated with HS Code 29332905 is essential for businesses involved in the import and export of this chemical compound.