The HS Code 29189950 refers to a specific category of products: nonaromatic carboxylic acids with additional oxygen function, and their derivatives, not elsewhere specified or included. This code helps customs authorities and traders classify and track these goods during international trade.
When importing products with the HS Code 29189950, it is important to be aware of various details that can affect the trade. Let's explore some of these factors:
Nonaromatic carboxylic acids with additional oxygen function, and their derivatives, are chemical compounds used in various industries. These substances have important applications in pharmaceuticals, agrochemicals, and other chemical processes.
The "not elsewhere specified or included" (NESOI) part of the code indicates that this category includes derivatives and compounds that are not specifically classified under other HS codes. It is a catch-all category for substances within this chemical family that do not have their own unique code.
The bound or most-favored-nation (MFN) duty rate for products under the HS Code 29189950 is 4%. This means that when 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 4% duty rate applies regardless of the country of origin.
This duty rate is subject to change as per the trade agreements and policies between countries. It is essential for traders to stay updated with current regulations and tariff rates to ensure compliance and make informed business decisions.
The quantity unit for products under the HS Code 29189950 is kilograms (KG). This unit of measurement is used to determine the weight and quantity of the imported or exported goods.
Several special tariff preference programs provide duty-free treatment for products under the HS Code 29189950. These programs aim to promote trade and economic cooperation between countries. Here are some of the programs applicable to this HS code:
Traders should carefully review the eligibility criteria and specific requirements of each program to take advantage of the duty-free treatment.
According to available data, the following US states have imported products under the HS Code 29189950:
This information provides an overview of the importing states and can be useful for traders and businesses seeking potential markets or establishing trade relationships.
No specific data is available regarding the exporting US states for products under the HS Code 29189950. This information could be important for understanding the supply chain and identifying potential trade partners.
the HS Code 29189950 represents nonaromatic carboxylic acids with additional oxygen function, and their derivatives, not elsewhere specified or included. Traders need to consider factors such as duty rates, quantity units, and special tariff preference programs when importing or exporting products under this code. Staying informed about trade regulations and market dynamics is essential for successful international trade.