The HS Code 29334970 refers to a specific category of products known as heterocyclic compounds. These compounds contain nitrogen hetero-atoms and are characterized by the presence of a quinoline ring-system. They are not further fused with any other compounds and fall under the category of "nesoi," which stands for "not elsewhere specified or included."
When it comes to international trade, HS codes play a crucial role in classifying products and determining the applicable customs duties and tariffs. In the case of HS Code 29334970, the bound or Most Favored Nation (MFN) duty rate is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for products classified under HS Code 29334970 is kilograms (KG). This unit is used to measure the weight or quantity of the imported or exported goods.
There are also special tariff preference programs associated with HS Code 29334970. These programs provide certain countries with preferential treatment in terms of customs duties. Some of the programs applicable to this HS code include:
These special tariff preference programs allow eligible countries to import products classified under HS Code 29334970 either duty-free or at a reduced duty rate.
When it comes to the importing of products classified under HS Code 29334970, the data provided shows that the state of Missouri is the primary destination. It is important to note that this data may not be comprehensive and is subject to change based on various factors such as market demand and supply.
On the exporting side, the data shows that both Missouri and Puerto Rico are the main sources of products classified under HS Code 29334970. This indicates that these regions have a significant presence in the production and distribution of these heterocyclic compounds.
Overall, HS Code 29334970 represents a specific category of heterocyclic compounds with nitrogen hetero-atom(s), containing a quinoline ring-system but not further fused with other compounds. Understanding the HS code, its associated duty rates, and special tariff preference programs can provide valuable insights into the international trade of these products.