When it comes to international trade, understanding the Harmonized System (HS) codes is crucial. These codes are used to classify and identify products for customs and trade purposes. In this article, we will delve into the details of HS Code 99020239, specifically focusing on the product description, duty rates, quantity unit, and special tariff preference programs associated with it.
HS Code 99020239 corresponds to 2,5-Bis[(1,3-dioxobutyl)amino]benzenesulfonic acid. This chemical compound is commonly used in various industries, including pharmaceuticals, dyes, and research laboratories. Its CAS number is 70185 87 4, which provides a unique identifier for this specific compound.
The inclusion of this compound in subheading 2924.29.71 further specifies its classification within the HS system. This subheading provides more detailed information about the exact nature and purpose of the product.
The duty rate associated with HS Code 99020239 is "Free." This means that no import duties or taxes are imposed on this product when it crosses international borders. The concept of the Most Favored Nation (MFN) principle comes into play here. According to this principle, whenever 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.
This duty rate encourages international trade by ensuring fair treatment for all trading partners. It eliminates any discriminatory practices and promotes a level playing field for businesses across different countries.
The quantity unit for HS Code 99020239 is not available (NA). This means that the specific unit of measurement for this product is not specified or standardized. The lack of a quantity unit may indicate that the product is not typically measured or traded in specific quantities.
Special tariff preference programs provide certain benefits or exemptions for specific products or trade routes. However, in the case of HS Code 99020239, there is no specific mention of any special tariff preference programs. This indicates that the product does not currently qualify for any preferential treatment under such programs.
It's important to note that the absence of special tariff preference programs does not necessarily imply a disadvantage for the product. It simply means that the product is subject to the general duty rates applicable to all goods falling under the HS code category.
When it comes to the import and export of products under HS Code 99020239, it is essential to consider the specific states involved in the trade. The importing and exporting US states play a significant role in the customs procedures, regulations, and documentation required for the shipment.
While the specific importing and exporting US states are not provided in the given data, it is important for businesses and traders to be aware of the state-specific requirements and regulations. This information can be obtained from the relevant customs authorities or trade associations.
HS Code 99020239 refers to 2,5-Bis[(1,3-dioxobutyl)amino]benzenesulfonic acid, a chemical compound used in various industries. The product has a duty rate of "Free" under the MFN principle, indicating no import duties or taxes. The quantity unit for this product is not available, and there are no specific special tariff preference programs applicable. Importing and exporting US states play a crucial role in the customs procedures associated with this HS code.