Acid Black 172, categorized under HS Code 99020175, is a chemical compound with the CAS Number 57693-14-8. This product is specifically provided for in the subheading 3204.12.20 of the Harmonized System (HS) code, which is an international nomenclature for the classification of products in international trade.
The HS Code 99020175 is an essential tool for customs authorities and traders as it enables them to identify and classify products accurately. This code is used globally to streamline trade procedures, facilitate customs clearance, and collect trade statistics. It also helps in determining the applicable duty rates and regulatory requirements.
One of the significant aspects related to HS Code 99020175 is the bound/Most Favored Nation (MFN) duty rate. The bound duty rate refers to the maximum tariff rate that a country can impose on imports of a specific product. On the other hand, the MFN duty rate is the preferential tariff rate extended to all trading partners of a country.
For Acid Black 172, the bound/MFN duty rate is free. This means that whenever a country lowers a trade barrier or opens up a market, it must provide the same preferential treatment to imports of Acid Black 172 from all its trading partners. This ensures fair and equal treatment to all participants in international trade.
While the quantity unit for Acid Black 172 is not available (NA), it is essential to note that the HS Code provides a standardized classification system for various products. This helps in tracking and recording trade data accurately, enabling the analysis of import and export trends.
In addition to the duty rates, the HS Code 99020175 may also be associated with special tariff preference programs. These programs are designed to promote trade and economic cooperation between countries. They can include preferential tariff rates, duty exemptions, or other favorable conditions for specific products.
When importing Acid Black 172 to the United States, the HS Code 99020175 is applicable across all states. Similarly, when exporting Acid Black 172 from the United States, the HS Code remains the same for all states. This uniformity in HS Code application ensures consistency and simplifies trade processes.
As a chemical compound, Acid Black 172 finds applications in various industries such as textiles, dyes, and pigments. Its properties and characteristics make it suitable for dyeing and coloring processes. Acid Black 172 is known for its colorfastness, durability, and resistance to fading, making it a popular choice in the textile industry.
HS Code 99020175 represents Acid Black 172, a chemical compound used in industries such as textiles and dyes. This code plays a crucial role in trade facilitation, classification, and determination of duty rates. Understanding the HS Code system is essential for importers, exporters, and customs authorities to ensure compliance with trade regulations and promote fair trade practices.