HS Code 29333210 - Piperidine
The HS Code 29333210 refers to the product Piperidine. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs associated with it.
Product Description
Piperidine is a chemical compound primarily used in the pharmaceutical industry. It is a cyclic amine with the molecular formula C5H11N. Piperidine is commonly used as a building block in the synthesis of various drugs, including local anesthetics, antihistamines, and antipsychotics. It is also used as a solvent and in the manufacturing of rubber chemicals.
Duty Rates
The bound/MFN (Most Favored Nation) duty rate for HS Code 29333210 is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% to the import of Piperidine from all its trading partners. The duty rate is a percentage of the customs value of the imported goods and is paid by the importer.
Quantity Unit
The quantity unit for HS Code 29333210 is kilograms (KG). This means that the measurement and pricing of Piperidine imports and exports are based on weight in kilograms. It is important for importers and exporters to accurately declare the quantity of Piperidine being traded to comply with customs regulations.
Special Tariff Preference Programs
HS Code 29333210 is eligible for various special tariff preference programs, which provide preferential treatment in terms of duty rates. The following are the special tariff preference programs applicable to Piperidine:
- Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading are granted duty-free treatment. This program aims to support economic development in these countries.
- Australia Special Rate: Australia has a special rate for Piperidine imports, which provides a specific duty rate different from the general bound/MFN rate.
- Bahrain Special Rate: Bahrain offers a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- NAFTA for Canada: Imports of Piperidine from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
- Chile Special Rate: Chile has a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- Africa Growth and Opportunity Act (AGOA): Piperidine imports from eligible African countries under AGOA are granted duty-free treatment. AGOA aims to promote economic development in Africa.
- Caribbean Basin Initiative (CBI): Piperidine imports from eligible Caribbean countries under CBI receive duty-free treatment.
- Israel Special Rate: Israel offers a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- Andean Trade Preference Act (ATPA): Imports of Piperidine from eligible Andean countries under ATPA receive duty-free treatment.
- Jordan Special Rate: Jordan has a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- Morocco Special Rate: Morocco offers a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- NAFTA for Mexico: Imports of Piperidine from Mexico under NAFTA receive duty-free treatment.
- Oman Special Rate: Oman offers a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Piperidine imports from eligible countries under DR-CAFTA receive a specific duty rate different from the general bound/MFN rate.
- Peru Special Rate: Peru offers a special rate for Piperidine imports, providing a specific duty rate different from the general bound/MFN rate.
- Singapore Special Rate: Singapore has a special rate of 1% for Piperidine imports, which is different from the general bound/MFN rate.
Importers and exporters should carefully consider these special tariff preference programs to take advantage of lower or duty-free rates, depending on the country of origin and destination.
HS Code 29333210 represents Piperidine, a chemical compound used in the pharmaceutical industry. It is subject to a bound/MFN duty rate of 6.5% and is measured in kilograms (KG). Importers and exporters of Piperidine can benefit from various special tariff preference programs that offer different duty rates, including duty-free treatment for certain countries. Understanding the details of HS Code 29333210 is essential for international traders involved in the import and export of Piperidine.
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