The HS Code 29337940 refers to the product 12-Aminododecanoic acid lactam. This code is used to classify and identify this specific product for international trade purposes. It is an important code that helps customs authorities and traders in determining the appropriate customs duties, regulations, and restrictions for importing and exporting this product.
The product description of 12-Aminododecanoic acid lactam indicates that it is a chemical compound used in various industries such as pharmaceuticals, cosmetics, and manufacturing. It is a lactam derivative of aminododecanoic acid and is commonly used in the production of nylon-12, a type of polymer material.
When importing this product, the quantity unit used is kilograms (KG). This means that the weight of the product will be measured and calculated in kilograms for customs purposes.
One important aspect to consider when importing or exporting this product is the duty rate. The bound / MFN (Most Favored Nation) duty rate for 12-Aminododecanoic acid lactam is free. This means that there are no customs duties imposed on this product when traded between countries. This is beneficial for traders as it eliminates additional costs and makes the product more competitive in the international market.
In addition to the general duty-free treatment, there are also special tariff preference programs available for this product. These programs provide additional benefits and exemptions to certain countries. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for eligible countries. Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several other countries have special rates or exemptions for this product under various trade agreements and preference programs.
When looking at the specific importing US states for this product, it is noted that Indiana, Nebraska, and Puerto Rico are mentioned multiple times. This indicates that these states have a significant demand for 12-Aminododecanoic acid lactam or have a notable presence in the industries that utilize this product.
On the other hand, the data does not provide information on the exporting US states for this product. However, it can be assumed that any state in the US that produces or manufactures 12-Aminododecanoic acid lactam may engage in exporting it to other countries.
the HS Code 29337940 represents the product 12-Aminododecanoic acid lactam, which is a chemical compound used in various industries. It is classified as duty-free, meaning that there are no customs duties imposed on this product during international trade. The data also indicates that certain countries and US states have special tariff preference programs or a significant demand for this product. Understanding and utilizing the HS code is essential for traders and customs authorities to ensure smooth and compliant international trade operations.