The HS Code 29171920 refers to a specific category of products known as specified acyclic polycarboxylic acids and their derivatives. These products are described in additional U.S. note 3 to section VI of the Harmonized System (HS) classification.
When it comes to trade, it is important to understand the HS code as it enables countries to classify and categorize products for customs and international trade purposes. The HS code 29171920 specifically identifies and distinguishes the specified acyclic polycarboxylic acids and their derivatives from other products.
One key aspect to note is the bound / MFN (Most Favored Nation) duty rate of 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. Therefore, the duty rate of 6.5% applies to imports of specified acyclic polycarboxylic acids and their derivatives, regardless of the country of origin.
The quantity unit for measuring these products is kilograms (KG). This unit of measure helps in accurately determining the weight of the imported or exported goods.
Special tariff preference programs play a significant role in determining the duty rates for products under the HS code 29171920. For imports of specified acyclic polycarboxylic acids and their derivatives, certain countries enjoy preferential treatment. These countries include A+, AU, BH, CA, CL, D, E, IL, J, JO, K, L, MA, MX, OM, P, and PE. Imports from these countries are eligible for duty-free treatment.
There are also specific special rates for certain countries. For example, Australia enjoys a special rate for imports of products under this HS code. The same applies to Bahrain, NAFTA (for Canada and Mexico), Chile, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel, Andean Trade Preference Act (ATPA), Jordan, Agreement on Trade in Pharmaceutical Products, Uruguay Round Concessions on Intermediate Chemicals for Dyes, Morocco, Oman, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru, and Singapore.
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trading specified acyclic polycarboxylic acids and their derivatives.
In terms of importing and exporting these products, the HS code 29171920 is relevant to all importing and exporting US states. This means that regardless of the state from which the goods are being imported or exported, the HS code remains the same.
the HS code 29171920 refers to specified acyclic polycarboxylic acids and their derivatives. It is important to understand this code and its implications for trade, including duty rates, quantity units, and special tariff preference programs. By having a comprehensive understanding of the HS code, importers and exporters can navigate the international trade landscape more effectively.