HS Code 29270040: Diazo-, azo- or azoxy-compounds, nesoi
Diazo-, azo- or azoxy-compounds are chemicals that are classified under HS code 29270040. These compounds are described in additional U.S. note 3 to section VI of the Harmonized System (HS) code. The HS code is an internationally recognized system for classifying and identifying products in international trade.
The bound / MFN (Most Favored Nation) duty rate for HS code 29270040 is 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. This ensures equal treatment for all trading partners and promotes fair trade practices.
The quantity unit for HS code 29270040 is kilograms (KG). This is the standard unit of measurement used for determining the quantity of these compounds being imported or exported.
There are also special tariff preference programs available for imports of products classified under HS code 29270040. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries are eligible for special tariff preferences:
- A+: Least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading, which means they receive duty-free treatment.
- AU: Australia has a special rate for imports classified under this HS code.
- BH: Bahrain has a special rate for imports classified under this HS code.
- CA: Canada benefits from the North American Free Trade Agreement (NAFTA), which provides duty-free treatment for imports classified under this HS code.
- CL: Chile has a special rate for imports classified under this HS code.
- D: Africa Growth and Opportunity Act (AGOA) provides duty-free treatment for imports classified under this HS code.
- E: Caribbean Basin Initiative (CBI) provides duty-free treatment for imports classified under this HS code.
- IL: Israel has a special rate for imports classified under this HS code.
- J: Andean Trade Preference Act (ATPA) provides duty-free treatment for imports classified under this HS code.
- JO: Jordan has a special rate for imports classified under this HS code.
- K: Agreement on Trade in Pharmaceutical Products provides duty-free treatment for imports classified under this HS code.
- L: Uruguay Round Concessions on Intermediate Chemicals for Dyes provides duty-free treatment for imports classified under this HS code.
- MA: Morocco has a special rate for imports classified under this HS code.
- MX: Mexico benefits from the North American Free Trade Agreement (NAFTA), which provides duty-free treatment for imports classified under this HS code.
- OM: Oman has a special rate for imports classified under this HS code.
- P: Dominican Republic-Central American Special Rate (DR-CAFTA) provides duty-free treatment for imports classified under this HS code.
- PE: Peru has a special rate for imports classified under this HS code.
- SG: Singapore has a special rate of 0.9% for imports classified under this HS code.
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of importing or exporting products classified under HS code 29270040.
In terms of the importing and exporting US states, the specific data is not provided in the given information. However, it is worth noting that the HS code system is used globally, and different states within the United States may have varying import and export regulations and requirements for products classified under HS code 29270040.
HS code 29270040 refers to Diazo-, azo- or azoxy-compounds, nesoi. This article has provided an overview of the product description, bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code. Importers and exporters should be familiar with these details to ensure compliance with international trade regulations and to take advantage of any available preferential treatment.
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