HS Code 99020135 refers to the product 2-Phenylbenzimidazole-5-sulfonic acid, which has the CAS number 27503 81 7. This product is provided for in subheading 2933.99.79 of the Harmonized System (HS) code. 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.
The product 2-Phenylbenzimidazole-5-sulfonic acid is a chemical compound used in various industries, including pharmaceuticals, dyes, and research laboratories. It is commonly used as an intermediate in the synthesis of other organic compounds. The CAS number 27503 81 7 uniquely identifies this specific chemical compound.
The bound duty rate for HS Code 99020135 is not available. The Most Favored Nation (MFN) duty rate, on the other hand, is free. This means that there are no additional import duties imposed on this product when it enters a country's market. The concept of MFN duty rate ensures that a country applies the same trade barrier or market openness for all its trading partners when it comes to the same goods or services.
For example, if a country lowers a trade barrier or opens up a market, it must do so for all its trading partners, including the importation of 2-Phenylbenzimidazole-5-sulfonic acid. This promotes fair and equal treatment among trading partners, eliminating discriminatory practices.
The quantity unit for HS Code 99020135 is not available (NA). This means that the specific unit of measurement for the product is not defined under this HS code. It could vary depending on the specific requirements of the importing or exporting countries.
Special tariff preference programs are designed to provide certain benefits or advantages to specific products or countries. These programs aim to promote trade, economic cooperation, and development between participating countries. However, for HS Code 99020135, there are no specific special tariff preference programs mentioned.
As the HS code is a standardized system used internationally, it does not specifically mention importing or exporting US states. However, the importation and exportation of 2-Phenylbenzimidazole-5-sulfonic acid would be subject to the regulations and requirements of the United States, including any state-specific regulations.
The data provided for HS Code 99020135 gives us a comprehensive understanding of the product, its classification, duty rates, and other relevant information. It is essential for importers, exporters, and regulatory authorities to be familiar with the details of HS codes to ensure compliance and smooth international trade operations.