The HS Code 29332100 refers to the product category of Hydantoin and its derivatives. This code is used internationally to classify and identify specific goods during the import and export processes. Understanding this code is crucial for businesses and individuals involved in international trade.
Hydantoin and its derivatives are chemical compounds used in various industries such as pharmaceuticals, cosmetics, and agriculture. These substances have properties that make them suitable for applications such as anticonvulsant drugs, flame retardants, and preservatives.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29332100 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. The duty rate is applied to the declared value of the imported goods and is collected by customs authorities.
The quantity unit for HS Code 29332100 is kilograms (KG). This unit of measurement is used to determine the weight of the hydantoin and its derivative products being imported or exported.
Several special tariff preference programs offer favorable treatment for the importation of hydantoin and its derivatives under HS Code 29332100. These programs include:
The following US states are known to import hydantoin and its derivatives under HS Code 29332100:
As per the available data, the exporting US states for hydantoin and its derivatives are not specified.
HS Code 29332100 represents the category of Hydantoin and its derivatives. It is essential to understand this code's implications for importers, exporters, and customs authorities to ensure compliance with trade regulations and take advantage of any available tariff preference programs.