HS Code 29041032: Aromatic Derivatives of Hydrocarbons Containing Sulfo Groups
The HS Code 29041032 refers to aromatic derivatives of hydrocarbons that contain only sulfo groups, as well as their salts and ethyl esters. These products are described in additional U.S. note 3 to section VI of the Harmonized System (HS).
When importing goods under this HS code, it is important to be aware of the bound/Most Favored Nation (MFN) duty rate, which stands at 5.5%. The MFN duty rate ensures that any time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for goods classified under HS Code 29041032 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products.
There are several special tariff preference programs available for goods under this HS code. The following countries or regions offer preferential treatment:
- A+: Only imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
- AU: Australia offers a special rate of duty-free treatment for these goods.
- BH: Bahrain provides a special rate of duty-free treatment.
- CA: Goods imported from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
- CL: Chile offers a special rate of duty-free treatment.
- D: Goods imported from certain countries in Africa are eligible for duty-free treatment under the African Growth and Opportunity Act (AGOA).
- E: The Caribbean Basin Initiative (CBI) provides duty-free treatment for goods imported from eligible countries in the Caribbean region.
- IL: Israel offers a special rate of duty-free treatment.
- J: The Andean Trade Preference Act (ATPA) grants duty-free treatment for goods imported from certain countries in South America.
- JO: Jordan provides a special rate of duty-free treatment.
- K: Goods imported under the Agreement on Trade in Pharmaceutical Products receive duty-free treatment.
- MA: Morocco offers a special rate of duty-free treatment.
- MX: Goods imported from Mexico under NAFTA receive duty-free treatment.
- OM: Oman provides a special rate of duty-free treatment.
- P: The Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) grants a special rate of duty-free treatment.
- PE: Peru offers a special rate of duty-free treatment.
- SG: Singapore provides a special rate of duty-free treatment.
When importing goods classified under HS Code 29041032 into the United States, it is essential to consider the specific requirements and regulations of the importing and exporting states. Each state may have its own rules and procedures for the importation of goods, which need to be followed to ensure compliance.
HS Code 29041032 encompasses aromatic derivatives of hydrocarbons containing sulfo groups, their salts, and ethyl esters. Understanding the MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code is crucial for successful importation and compliance with trade regulations.
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