Understanding HS Code 29049020: Nitrotoluenesulfonic acids

HS Code 29049020 refers to Nitrotoluenesulfonic acids, a specific product used in various industries. In this article, we will delve into the details of this HS Code, its product description, duty rates, quantity units, and special tariff preference programs associated with it.

Product Description

Nitrotoluenesulfonic acids are chemical compounds that find applications in different sectors such as pharmaceuticals, dyes, and intermediates. These acids play a crucial role in the synthesis of various products and are known for their versatile properties.

Duty Rates

The bound / MFN (Most Favored Nation) duty rate for HS Code 29049020 is 5.5%. It is important to note that whenever 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. This ensures fair and equal treatment in international trade.

Quantity Unit

The quantity unit for HS Code 29049020 is kilograms (KG). This unit is commonly used to measure the weight or quantity of the product being imported or exported.

Special Tariff Preference Programs

HS Code 29049020 is eligible for various special tariff preference programs, providing specific benefits and exemptions for certain countries. The following programs are applicable:

Free: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
Australia Special Rate: Specific tariff preferences and benefits apply to imports from Australia.
Bahrain Special Rate: Specific tariff preferences and benefits apply to imports from Bahrain.
NAFTA for Canada: Nitrotoluenesulfonic acids imported from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
Chile Special Rate: Specific tariff preferences and benefits apply to imports from Chile.
Africa Growth and Opportunity Act (AGOA): Nitrotoluenesulfonic acids imported from eligible African countries under AGOA receive duty-free treatment.
Caribbean Basin Initiative (CBI): Specific tariff preferences and benefits apply to imports from eligible Caribbean countries under CBI.
Israel Special Rate: Nitrotoluenesulfonic acids imported from Israel receive duty-free treatment.
Andean Trade Preference Act (ATPA): Specific tariff preferences and benefits apply to imports from eligible Andean countries under ATPA.
Jordan Special Rate: Specific tariff preferences and benefits apply to imports from Jordan.
Morocco Special Rate: Specific tariff preferences and benefits apply to imports from Morocco.
NAFTA for Mexico: Nitrotoluenesulfonic acids imported from Mexico under NAFTA receive duty-free treatment.
Oman Special Rate: Specific tariff preferences and benefits apply to imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Specific tariff preferences and benefits apply to imports from eligible countries under DR-CAFTA.
Peru Special Rate: Specific tariff preferences and benefits apply to imports from Peru.
Singapore Special Rate: Specific tariff preferences and benefits apply to imports from Singapore.

Importing and Exporting US States

HS Code 29049020 can be imported or exported by different states within the United States. The specific states involved in importing and exporting activities may vary based on market demand and supply. It is essential for businesses to comply with the relevant regulations and procedures when trading this product.