Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29214520: Specified Aromatic Monoamines and Their Derivatives

The HS Code 29214520 refers to a specific category of products known as specified aromatic monoamines and their derivatives, including salts thereof. These products are commonly used in various industries such as pharmaceuticals, dyes, and chemicals. This article will provide a comprehensive overview of the HS Code 29214520, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description

Specified aromatic monoamines and their derivatives encompass a range of chemical compounds that possess aromatic properties. These compounds are often used as intermediates in the production of various pharmaceutical drugs, dyes, and other chemical substances. The salts of these aromatic monoamines are also included within the scope of this HS Code.

Duty Rates

The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 29214520 is 5.8%. 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. The duty rate is applicable regardless of the country of origin.

Quantity Unit

The quantity unit for the products classified under HS Code 29214520 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported.

Special Tariff Preference Programs

Several special tariff preference programs are available for products falling under HS Code 29214520. These programs offer various tariff benefits, including duty-free treatment, to eligible countries or regions. Some of the notable programs applicable to this HS Code are:

• Free Trade Agreement (FTA): Imports from countries that have an FTA with the importing country may enjoy duty-free treatment.
• Australia Special Rate: Australia has a special tariff rate for products falling under this HS Code.
• Bahrain Special Rate: Bahrain offers a special tariff rate for imports of specified aromatic monoamines and their derivatives.
• NAFTA: Products imported from Canada or Mexico under the North American Free Trade Agreement (NAFTA) may be eligible for duty-free treatment.
• Chile Special Rate: Chile provides a special tariff rate for imports of products falling under HS Code 29214520.
• Africa Growth and Opportunity Act (AGOA): Under AGOA, eligible African countries may enjoy duty-free treatment for certain products, including specified aromatic monoamines and their derivatives.
• Caribbean Basin Initiative (CBI): Certain Caribbean countries may benefit from duty-free treatment for imports of products classified under this HS Code.
• Israel Special Rate: Israel offers a special tariff rate for imports of specified aromatic monoamines and their derivatives.
• Andean Trade Preference Act (ATPA): Certain Andean countries may enjoy duty-free treatment for imports of products falling under this HS Code.
• Jordan Special Rate: Jordan provides a special tariff rate for specified aromatic monoamines and their derivatives.
• Uruguay Round Concessions on Intermediate Chemicals for Dyes: Certain countries may benefit from duty-free treatment for imports of these products under this program.
• Morocco Special Rate: Morocco offers a special tariff rate for specified aromatic monoamines and their derivatives.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Certain Central American countries, along with the Dominican Republic, may enjoy a special tariff rate for imports of products classified under this HS Code.
• Peru Special Rate: Peru provides a special tariff rate for specified aromatic monoamines and their derivatives.
• Singapore Special Rate: Singapore offers a special tariff rate for imports of products falling under HS Code 29214520.

It is important for importers and exporters to familiarize themselves with these special tariff preference programs to take advantage of potential cost savings and trade benefits.

HS Code 29214520 represents specified aromatic monoamines and their derivatives, including salts thereof. This article provided an extensive overview of the HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs applicable to it. Importers and exporters should consult the relevant customs authorities and trade agreements to ensure compliance and maximize the benefits associated with this HS Code.