The HS Code 29337915 refers to a specific category of goods known as Aromatic or Modified Aromatic Lactams, Nesoi. This code is used in international trade to classify and identify products for customs purposes. Understanding the HS code can provide valuable information about the product, its import/export regulations, and its potential impact on the economy.
Aromatic or Modified Aromatic Lactams, Nesoi refers to a group of chemicals that are classified as lactam compounds. Lactams are organic compounds that contain a cyclic amide structure. These compounds are often used in various industries, including pharmaceuticals, polymers, and dyes. The specific characteristics and applications of these compounds may vary, but they are generally known for their aromatic or modified aromatic properties.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29337915 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 duty rate is applicable to the importation of Aromatic or Modified Aromatic Lactams, Nesoi into a country.
The quantity unit for HS Code 29337915 is kilograms (KG). This means that the measurement and pricing of the product are based on its weight in kilograms. Kilograms are a commonly used unit of measurement in international trade, providing a standardized way to quantify and compare the quantity of goods being imported or exported.
HS Code 29337915 is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries or regions. The following are the special tariff preference programs applicable to this HS code:
HS Code 29337915 is imported into several US states, including Indiana, Nebraska, and Puerto Rico. These states have shown a demand for Aromatic or Modified Aromatic Lactams, Nesoi, and have established import channels for this product. The importation of goods under this HS code contributes to the economy of these states and supports various industries that rely on these compounds.
The data provided does not specify the exporting US states for HS Code 29337915. However, it is essential to note that the export of these goods from the US to other countries can contribute to the country's economy and trade balance. Exporting states play a crucial role in meeting the global demand for Aromatic or Modified Aromatic Lactams, Nesoi and establishing international trade relationships.
HS Code 29337915 represents Aromatic or Modified Aromatic Lactams, Nesoi in international trade. Understanding the product description, duty rates, special tariff preference programs, and import/export locations can provide valuable insights into the economic impact and trade dynamics related to this HS code. It is essential for businesses, policymakers, and trade professionals to be familiar with these details to facilitate smooth international trade and economic growth.