Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29213050: Information and Special Tariff Preference Programs

The HS Code 29213050 refers to cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts, from any nonaromatic compounds. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code.

Product Description

The product covered by HS Code 29213050 includes mono- or polyamines derived from cyclanic, cyclenic, or cycloterpenic compounds. These compounds do not contain any aromatic components. Amines are organic compounds that contain nitrogen atoms bonded to carbon atoms and are commonly used in various industries, such as pharmaceuticals, agriculture, and chemical manufacturing.

Bound / MFN Duty Rate

The Bound / MFN (Most Favored Nation) duty rate for HS Code 29213050 is 3.7%. The MFN duty rate is applicable 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. This duty rate applies to imports of this product into various countries worldwide.

Quantity Unit

The quantity unit for HS Code 29213050 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the imported or exported product. It helps in calculating the customs duties and other charges associated with the trade of this specific product.

Special Tariff Preference Programs

HS Code 29213050 is eligible for several special tariff preference programs, which provide certain countries with preferential treatment or duty-free access to the importing country's market. The following programs apply to imports of this product:

• Generalized System of Preferences (GSP): This program offers duty-free treatment to eligible developing countries, promoting their economic growth and export activities.
• Australia Special Rate: Australia has a special rate for this product, which allows for preferential duty treatment.
• Bahrain Special Rate: Bahrain offers a special rate for imports of this product, providing favorable duty treatment.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports of this product from Canada receive duty-free treatment.
• Chile Special Rate: Chile has a special rate for this product, allowing for preferential duty treatment.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible products from designated Caribbean countries.
• Israel Special Rate: Israel offers duty-free treatment for imports of this product.
• Andean Trade Preference Act (ATPA): This program grants preferential treatment to eligible products from Andean countries.
• Jordan Special Rate: Jordan has a special rate for this product, providing favorable duty treatment.
• Agreement on Trade in Pharmaceutical Products: This agreement offers duty-free treatment for pharmaceutical products, including those covered by HS Code 29213050.
• Morocco Special Rate: Morocco offers a special rate for this product, allowing for preferential duty treatment.
• NAFTA for Mexico: Under NAFTA, imports of this product from Mexico receive duty-free treatment.
• Oman Special Rate: Oman has a special rate for imports of this product, providing favorable duty treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program grants preferential treatment to eligible products from the Dominican Republic and Central American countries.
• Peru Special Rate: Peru offers a special rate for this product, allowing for preferential duty treatment.
• Singapore Special Rate: Singapore has a special rate for imports of this product, providing favorable duty treatment.

These special tariff preference programs aim to promote trade and economic cooperation between the importing country and the participating countries. They provide opportunities for exporters to access new markets and reduce the cost of doing business.

HS Code 29213050 covers cyclanic, cyclenic, or cycloterpenic mono- or polyamines, and their derivatives and salts, from any nonaromatic compounds. Importers and exporters dealing with this product need to be aware of the bound / MFN duty rate, quantity unit, and the various special tariff preference programs available. Understanding these details can help businesses make informed decisions and take advantage of the benefits provided by these programs.