Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29329200: 1-(1,3-Benzodioxol-5-yl)propan-2-one

When it comes to international trade, it is essential to have a standardized system for classifying products. This is where the Harmonized System (HS) Code comes into play. Every product that is traded internationally is assigned a specific HS Code, which helps in identifying the product accurately. In this article, we will explore the HS Code 29329200, specifically for the product 1-(1,3-Benzodioxol-5-yl)propan-2-one.

1-(1,3-Benzodioxol-5-yl)propan-2-one is a chemical compound used in various industries, including pharmaceuticals, perfumes, and flavorings. Its HS Code, 29329200, is a unique identifier for this specific product. This code is used by customs authorities and traders worldwide to classify and track the import and export of 1-(1,3-Benzodioxol-5-yl)propan-2-one.

Understanding the duty rates associated with a product is crucial for importers and exporters. The bound or Most Favored Nation (MFN) duty rate for HS Code 29329200 is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 6.5% for all its trading partners for this product.

The quantity unit for HS Code 29329200 is kilograms (KG). This unit helps in facilitating accurate measurement and reporting of the product's quantity during import or export processes.

Now let's delve into the special tariff preference programs associated with HS Code 29329200. Several countries and trade agreements offer preferential treatment for this product, either with a duty-free rate or a reduced rate. The following are the special tariff preference programs and their respective rates for 1-(1,3-Benzodioxol-5-yl)propan-2-one:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. Countries eligible for this program include A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, and PE.
• Australia Special Rate: Australia offers a special rate for imports of 1-(1,3-Benzodioxol-5-yl)propan-2-one.
• Bahrain Special Rate: Bahrain provides a special rate for this product.
• NAFTA for Canada: 1-(1,3-Benzodioxol-5-yl)propan-2-one enjoys duty-free treatment under the North American Free Trade Agreement (NAFTA) for imports into Canada.
• Chile Special Rate: Chile offers a special rate for this product.
• Africa Growth and Opportunity Act (AGOA): 1-(1,3-Benzodioxol-5-yl)propan-2-one receives duty-free treatment under this act for eligible African countries.
• Caribbean Basin Initiative (CBI): This program grants duty-free treatment for imports of this product from eligible Caribbean countries.
• Israel Special Rate: Israel provides duty-free treatment for this product.
• Andean Trade Preference Act (ATPA): 1-(1,3-Benzodioxol-5-yl)propan-2-one receives preferential treatment under this act for eligible Andean countries.
• Jordan Special Rate: Jordan offers a special rate for imports of this product.
• Morocco Special Rate: Morocco provides a special rate for this product.
• NAFTA for Mexico: 1-(1,3-Benzodioxol-5-yl)propan-2-one enjoys duty-free treatment under NAFTA for imports into Mexico.
• Oman Special Rate: Oman offers a special rate for this product.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program grants duty-free treatment for imports of this product from eligible countries in the Dominican Republic-Central America Free Trade Agreement.
• Peru Special Rate: Peru provides a special rate for imports of 1-(1,3-Benzodioxol-5-yl)propan-2-one.
• Singapore Special Rate: Singapore offers a reduced rate of 0.9% for this product.

It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of the benefits they offer and ensure compliance with trade regulations.

HS Code 29329200 is assigned to the product 1-(1,3-Benzodioxol-5-yl)propan-2-one. This code helps in accurately identifying and classifying the product during international trade. Importers and exporters should be aware of the bound duty rate, quantity unit, and special tariff preference programs associated with this HS Code to facilitate smooth and cost-effective trade operations.