The HS Code 29163945 refers to aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and derivatives as described in additional US note 3 to section VI. This code is used to classify and identify specific goods for international trade purposes.
Aromatic monocarboxylic acids are organic compounds that contain a carboxylic acid group (-COOH) attached to an aromatic ring. These compounds are widely used in various industries, including pharmaceuticals, perfumes, dyes, and plastics production. Examples of aromatic monocarboxylic acids include benzoic acid, salicylic acid, and cinnamic acid.
The HS Code 29163945 is important for customs authorities and traders as it provides a standardized method of classifying and tracking the import and export of aromatic monocarboxylic acids and their derivatives. It helps ensure that the correct duties, tariffs, and trade policies are applied to these specific goods.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29163945 is 6.5%. This means that every 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 duty rate is a percentage of the value of the imported goods and is collected by customs authorities. It serves as a source of revenue for the government and helps protect domestic industries from unfair competition.
The quantity unit for HS Code 29163945 is kilograms (KG). This means that the weight of the imported or exported goods is measured in kilograms. It is important to accurately declare the quantity to ensure compliance with trade regulations and to calculate the applicable duties and taxes.
HS Code 29163945 is eligible for various special tariff preference programs, which provide preferential treatment in terms of duty rates or duty-free treatment for specific countries or regions. Here are some of the special tariff preference programs applicable to this HS Code:
These special tariff preference programs aim to promote economic development, support trade relationships, and provide incentives for specific countries or regions to engage in international trade.
The HS Code 29163945 is relevant for trade between the United States and other countries. The importing US states refer to the states within the United States that receive imports of aromatic monocarboxylic acids and their derivatives classified under this HS Code. Similarly, the exporting US states are the states within the United States that export these goods to other countries.
The import and export of goods classified under HS Code 29163945 contribute to the economic activity and trade relationships between the United States and other countries. It is important for traders and customs authorities to accurately classify and document these goods to ensure compliance with trade regulations and benefit from any applicable tariff preference programs.