The HS Code 99020230 refers to a specific product known as macroporous ion-exchange resin. This resin is made up of a copolymer of styrene crosslinked with divinylbenzene, which is thiol functionalized. It falls under the category of 3914.00.60 in the Harmonized System (HS).
Macroporous ion-exchange resin is widely used in various industries such as water treatment, pharmaceuticals, food and beverages, and chemical processes. It is a versatile material that can effectively remove impurities, ions, and contaminants from liquids, making it an essential component in purification processes.
When it comes to trade, the HS Code plays a crucial role in identifying and classifying products. It allows customs authorities, traders, and statisticians to track the flow of goods internationally. The HS Code 99020230 specifically categorizes and distinguishes macroporous ion-exchange resin from other products, enabling smooth trade operations.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99020230 is free. This means that countries do not impose any tariffs or duties when importing or exporting this product. Every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners, ensuring fair and equal treatment.
This duty rate reflects the importance and value of macroporous ion-exchange resin in various industries. By removing tariff barriers, countries encourage the use and trade of this product, promoting economic growth and development.
The quantity unit for HS Code 99020230 is not available (NA). This indicates that the measurement or unit of quantity for this resin is not specified or standardized. The quantity of macroporous ion-exchange resin may vary depending on the specific requirements of the buyer or seller.
It is essential for importers and exporters to clearly communicate and define the quantity of macroporous ion-exchange resin during trade transactions to ensure accurate pricing, logistics, and inventory management.
Special tariff preference programs may be available for HS Code 99020230, depending on the country and trade agreements in place. These programs aim to provide certain benefits or concessions to specific products, encouraging trade between countries and stimulating economic cooperation.
Importing and exporting US states play a significant role in the trade of macroporous ion-exchange resin. The resin may be imported by various states in the US to meet the demand of industries requiring this material. Similarly, exporting US states produce and supply macroporous ion-exchange resin to meet the global market demand.
Overall, the HS Code 99020230 identifies and classifies macroporous ion-exchange resin, enabling smooth trade operations, promoting economic growth, and facilitating international cooperation in various industries.