The HS Code 29339906 refers to a specific product known as alpha-Butyl-alpha-(4-chlorophenyl)-1H-1,2,4-triazole-1-propanenitrile, also known as Mycolbutanil. This chemical compound falls under the category of aromatic chemicals and has a specified composition.
When it comes to trade, it is important to understand the implications of HS codes. HS codes are a standardized system used globally to classify and identify products for import and export purposes. The HS code 29339906 specifically relates to alpha-Butyl-alpha-(4-chlorophenyl)-1H-1,2,4-triazole-1-propanenitrile and one other specified aromatic chemical.
One key aspect to consider when importing or exporting goods is the duty rate associated with the HS code. For HS code 29339906, the bound / 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. Understanding the duty rate is crucial for businesses to calculate costs and make informed decisions.
The quantity unit for HS code 29339906 is kilograms (KG). This unit of measurement is used to determine the amount of product being imported or exported. It is essential to have accurate measurements to ensure compliance with regulations and to facilitate smooth trade transactions.
There are also special tariff preference programs associated with HS code 29339906. These programs provide certain countries with preferential treatment when it comes to duties. The following countries benefit from special tariff preferences for this HS code: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Panama (P), Peru (PE), Singapore (SG).
Some of the special tariff preference programs include the Generalized System of Preferences (GSP) which provides duty-free treatment, NAFTA for Canada and Mexico, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA). These programs aim to promote trade and economic cooperation between countries by reducing or eliminating trade barriers for specific goods.
When it comes to importing HS code 29339906 into the United States, some of the states involved are Indiana, Nebraska, Puerto Rico, and Delaware. These states have been identified as importers of this specific product. It is important for businesses to be aware of the states involved in trade to ensure compliance with state-specific regulations and to facilitate efficient logistics.
On the other hand, Missouri is the exporting state for HS code 29339906. This indicates that the state of Missouri produces or supplies this product for export to other countries. Understanding the exporting states is useful for businesses looking to source products or establish trade partnerships.
HS code 29339906 represents alpha-Butyl-alpha-(4-chlorophenyl)-1H-1,2,4-triazole-1-propanenitrile (Mycolbutanil) and one other specified aromatic chemical. This code is used for import and export purposes and is associated with a bound / MFN duty rate of 6.5%. It is important to consider the quantity unit, special tariff preference programs, and the states involved in trade when dealing with this HS code. By understanding and utilizing the HS code system effectively, businesses can navigate international trade more efficiently and ensure compliance with regulations.