Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29420003: Product Description and Trade Information

The HS Code 29420003 refers to a specific product known as [2,2'-Thiobis(4-(1,1,3,3-tetramethyl-n-butyl)phenolato)(2,1)]-O,O',S-s(1-butanamine), nickel II. In this article, we will provide a comprehensive overview of this HS code, including its product description, tariff rates, special tariff preference programs, and information about importing and exporting to and from the United States.

Product Description

The product described by HS Code 29420003 is a chemical compound known as [2,2'-Thiobis(4-(1,1,3,3-tetramethyl-n-butyl)phenolato)(2,1)]-O,O',S-s(1-butanamine), nickel II. This compound is commonly used in various industrial applications and is classified under the category of organic chemicals.

Tariff Rates

The bound or MFN (Most Favored Nation) duty rate for HS Code 29420003 is free. This means that no duty or tariff is imposed on the import of this product. It is important to note that the bound duty rate is the maximum rate that a country can impose on imports, but MFN treatment ensures that the same rate is applied to all its trading partners.

Special Tariff Preference Programs

HS Code 29420003 is eligible for several special tariff preference programs that provide duty-free treatment or reduced tariffs for imports. The programs applicable to this HS code include:

• Generalized System of Preferences (GSP): This program allows eligible developing countries to export certain products to participating countries duty-free.
• Australia Special Rate: Australia offers a special rate for imports of this product.
• Bahrain Special Rate: Bahrain provides a special rate for imports of this product.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports of this product from Canada receive duty-free treatment.
• Chile Special Rate: Chile offers a special rate for imports of this product.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible products from designated Caribbean countries.
• Israel Special Rate: Israel offers duty-free treatment for imports of this product.
• Andean Trade Preference Act (ATPA): This program provides duty-free treatment for eligible products from designated Andean countries.
• Jordan Special Rate: Jordan offers a special rate for imports of this product.
• Morocco Special Rate: Morocco provides a special rate for imports of this product.
• NAFTA for Mexico: Imports of this product from Mexico receive duty-free treatment under NAFTA.
• Oman Special Rate: Oman offers a special rate for imports of this product.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides duty-free treatment for eligible products from designated countries in the Dominican Republic-Central America Free Trade Agreement.
• Peru Special Rate: Peru offers a special rate for imports of this product.
• Singapore Special Rate: Singapore provides a special rate for imports of this product.

Importing and Exporting from the US

When importing HS Code 29420003 to the United States, the data shows that the product is primarily imported to Puerto Rico. As for exporting from the United States, the data indicates that Puerto Rico is the main destination for this product.

It is worth noting that HS Code 29420003 is subject to the specific regulations and requirements of each country. Importers and exporters should consult the relevant customs authorities and trade agreements to ensure compliance with all applicable rules and procedures.

HS Code 29420003 represents a chemical compound called [2,2'-Thiobis(4-(1,1,3,3-tetramethyl-n-butyl)phenolato)(2,1)]-O,O',S-s(1-butanamine), nickel II. This product enjoys duty-free treatment and is eligible for various special tariff preference programs. Importers and exporters should be aware of the specific requirements and regulations associated with this HS code when engaging in international trade.