HS Code 31029001: Mineral or Chemical Fertilizers, Nitrogenous, NESOI
Mineral or chemical fertilizers play a crucial role in agricultural practices by providing essential nutrients to plants for optimal growth and development. HS Code 31029001 specifically refers to nitrogenous fertilizers, including mixtures not specified elsewhere in heading 3102. In this article, we will explore the details and significance of this HS code, including its product description, duty rates, special tariff preference programs, and importing/exporting states in the United States.
Product Description:
HS Code 31029001 covers nitrogenous fertilizers that are not specifically classified under other codes in heading 3102. Nitrogen is an essential nutrient for plants, aiding in their growth, leaf development, and protein synthesis. This HS code encompasses various mixtures and formulations of nitrogenous fertilizers, ensuring that all types are included.
Bound / MFN Duty Rate:
The bound or MFN (Most Favored Nation) duty rate for HS Code 31029001 is free. This means that countries are not required to pay any duties or tariffs when importing or exporting nitrogenous fertilizers under this code. It is a significant benefit that promotes international trade and ensures fair treatment for all trading partners.
Quantity Unit:
The quantity unit for HS Code 31029001 is metric tons (T). This unit of measurement allows for standardized trade and facilitates accurate tracking and reporting of nitrogenous fertilizer imports and exports.
Special Tariff Preference Programs:
Under HS Code 31029001, several countries enjoy special tariff preference programs, providing further incentives for trade. These programs include:
- Generalized System of Preferences (GSP): Provides duty-free treatment for qualifying countries.
- Australia Special Rate: Imposes a special rate for Australia.
- Bahrain Special Rate: Imposes a special rate for Bahrain.
- NAFTA for Canada: Grants duty-free treatment under the North American Free Trade Agreement.
- Chile Special Rate: Imposes a special rate for Chile.
- Caribbean Basin Initiative (CBI): Offers preferential treatment for eligible countries in the Caribbean region.
- Israel Special Rate: Provides duty-free treatment for Israel.
- Andean Trade Preference Act (ATPA): Offers preferential treatment for eligible countries in the Andean region.
- Jordan Special Rate: Imposes a special rate for Jordan.
- Morocco Special Rate: Imposes a special rate for Morocco.
- NAFTA for Mexico: Grants duty-free treatment under the North American Free Trade Agreement.
- Oman Special Rate: Imposes a special rate for Oman.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Offers preferential treatment for eligible countries in the DR-CAFTA region.
- Peru Special Rate: Imposes a special rate for Peru.
- Singapore Special Rate: Imposes a special rate for Singapore.
These special tariff preference programs aim to foster economic collaboration, strengthen diplomatic ties, and encourage trade relationships between countries.
Importing US States:
HS Code 31029001 is imported by various states in the United States. Some of the states that import this product include Colorado, Delaware, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Puerto Rico, Tennessee, and Wisconsin. These states recognize the importance of nitrogenous fertilizers for their agricultural practices and rely on imports to meet their agricultural needs.
Exporting US States:
On the other hand, the United States also exports nitrogenous fertilizers under HS Code 31029001. Exporting states include Arizona, Connecticut, Delaware, Florida, Illinois, Indiana, Maryland, Missouri, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, Utah, and Vermont. These states contribute to the global supply of nitrogenous fertilizers, supporting agricultural practices in other countries.
HS Code 31029001 encompasses mineral or chemical fertilizers, specifically nitrogenous fertilizers, including mixtures not classified elsewhere. This code facilitates international trade by providing duty-free treatment and offering special tariff preference programs for various countries. Nitrogenous fertilizers play a vital role in enhancing agricultural productivity, and their import and export are crucial for meeting global agricultural demands.
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