The HS Code 29270003 refers to a specific product called 4-Aminoazobenzenedisulfonic acid, monosodium salt. In this article, we will explore the details of this HS Code and provide relevant information about the product.
The product description of HS Code 29270003 is 4-Aminoazobenzenedisulfonic acid, monosodium salt. This chemical compound is commonly used in various industries such as dyeing, pharmaceuticals, and intermediate chemical production. Its molecular formula is C12H10N3NaO6S2.
When it comes to trade, understanding the duty rates is crucial. The bound/MFN (Most Favored Nation) duty rate for HS Code 29270003 is free. This means that there are no tariffs or duties imposed on the import or export of this product. Trade barriers are reduced, promoting international trade.
The quantity unit for HS Code 29270003 is kilograms (KG). This unit of measurement is commonly used for both domestic and international trade, providing a standardized way to determine the quantity of the product being traded.
There are also special tariff preference programs in place for HS Code 29270003. The countries eligible for these programs include A+, AU, BH, CA, CL, D, E, IL, J, JO, K, L, MA, MX, OM, P, and PE. Under these programs, the product can be imported duty-free or with a reduced duty rate.
For example, imports from least-developed beneficiary developing countries are eligible for GSP (Generalized System of Preferences) under that subheading, which grants duty-free treatment. Australia has a special rate for this product, as well as Bahrain. Canada benefits from the NAFTA (North American Free Trade Agreement) with duty-free treatment. Chile also has a special rate, and the Africa Growth and Opportunity Act (AGOA) grants duty-free treatment to eligible countries. The 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), and Peru also have specific rates for this product.
Additionally, Singapore has a special rate of 1.1% for HS Code 29270003. This means that when importing this product from Singapore, a 1.1% duty rate will be applied.
Importing US states and exporting US states play a crucial role in the trade of HS Code 29270003. The product can be imported to and exported from various states in the United States. The specific states involved in the trade process will depend on the demand and supply of the product.
HS Code 29270003 refers to 4-Aminoazobenzenedisulfonic acid, monosodium salt. This chemical compound finds applications in various industries and is traded internationally. Understanding the duty rates and special tariff preference programs associated with this HS Code is essential for businesses involved in its import and export.