Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29420010: Aromatic or Modified Aromatic Organic Compounds

Aromatic or modified aromatic organic compounds fall under the HS Code 29420010. This code is described in additional U.S. note 3 to section VI of the Harmonized System. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.

Product Description

The HS Code 29420010 covers aromatic or modified aromatic organic compounds that are not elsewhere specified. These compounds may have various applications in industries such as pharmaceuticals, perfumes, flavorings, and chemical manufacturing. They are essential ingredients in the production of many consumer goods.

Duty Rates

The bound and MFN (Most Favored Nation) duty rate for HS Code 29420010 is 6.5%. The MFN duty rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners. This duty rate is subject to change based on international trade agreements and negotiations.

Quantity Unit

The quantity unit for HS Code 29420010 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the volume of goods being imported or exported.

Special Tariff Preference Programs

HS Code 29420010 is eligible for various special tariff preference programs, providing favorable treatment for imports from specific countries. The following programs apply:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
• Australia Special Rate: Australia has a special rate for imports under this HS code.
• Bahrain Special Rate: Bahrain offers a special rate for imports under this HS code.
• NAFTA for Canada: Imports from Canada under this HS code receive duty-free treatment.
• Chile Special Rate: Chile has a special rate for imports under this HS code.
• Africa Growth and Opportunity Act (AGOA): Imports under this HS code from AGOA-eligible countries receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports under this HS code from CBI beneficiary countries receive duty-free treatment.
• Israel Special Rate: Imports from Israel under this HS code receive duty-free treatment.
• Andean Trade Preference Act (ATPA): Imports under this HS code from ATPA beneficiary countries receive duty-free treatment.
• Jordan Special Rate: Jordan offers a special rate for imports under this HS code.
• Agreement on Trade in Pharmaceutical Products: Imports under this HS code receive duty-free treatment as per the agreement.
• Morocco Special Rate: Morocco has a special rate for imports under this HS code.
• NAFTA for Mexico: Imports from Mexico under this HS code receive duty-free treatment.
• Oman Special Rate: Oman offers a special rate for imports under this HS code.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from DR-CAFTA countries under this HS code receive duty-free treatment.
• Peru Special Rate: Peru has a special rate for imports under this HS code.
• Singapore Special Rate: Singapore offers a special rate of 0.9% for imports under this HS code.

Importing and Exporting US States

Based on the available data, the importing US state for HS Code 29420010 is Puerto Rico. This implies that Puerto Rico is a significant destination for imports of aromatic or modified aromatic organic compounds falling under this HS code.

Unfortunately, there is no information available regarding the exporting US states for this specific HS code.

Overall, HS Code 29420010 plays a crucial role in international trade, facilitating the import and export of aromatic or modified aromatic organic compounds. Understanding the product description, duty rates, special tariff preference programs, and the importing/exporting US states associated with this HS code is essential for businesses and traders involved in the relevant industries.