HS Code 29335980: Aromatic or Modified Aromatic Heterocyclic Compounds
Aromatic or modified aromatic heterocyclic compounds are a diverse group of chemical compounds that contain nitrogen hetero-atoms and have a pyrimidine or piperazine ring structure. These compounds have various applications in industries such as pharmaceuticals, agrochemicals, and dyes. The HS Code 29335980 specifically classifies these compounds and provides important information for trade and customs purposes.
The HS Code 29335980 is used to classify and regulate the international trade of aromatic or modified aromatic heterocyclic compounds. It helps in tracking the import and export of these compounds and ensures that they meet the required standards and regulations. The code consists of a unique combination of numbers and letters that identify the specific product category.
When it comes to importing these compounds, 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. This duty rate applies to all countries unless there is a special tariff preference program in place.
The quantity unit for these compounds is kilograms (KG). This unit is used to measure the weight of the imported or exported goods, providing a standardized measurement for trade transactions.
In terms of special tariff preference programs, the HS Code 29335980 is eligible for various benefits. These include free trade agreements and special rates for specific countries. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP). Australia, Bahrain, Canada (under NAFTA), Chile, and other countries also offer special rates for these compounds.
In the United States, the HS Code 29335980 is imported into states such as Indiana, Nebraska, and Puerto Rico. These states have a demand for aromatic or modified aromatic heterocyclic compounds due to their diverse industries and manufacturing sectors. The importation of these compounds contributes to the growth and development of these states' economies.
The HS Code 29335980 plays a crucial role in regulating the trade of aromatic or modified aromatic heterocyclic compounds. It ensures that these compounds meet the required standards and regulations and facilitates international trade by providing a standardized classification system. Importers and exporters can use this code to accurately classify their products and comply with customs and trade regulations.
the HS Code 29335980 classifies aromatic or modified aromatic heterocyclic compounds with nitrogen hetero-atom(s) only, containing a pyrimidine or piperazine ring structure. It provides important information regarding duty rates, quantity units, and special tariff preference programs. This code is essential for tracking and regulating the international trade of these compounds and plays a crucial role in facilitating global commerce.
More on HS code 29335980
