The HS Code 99020338 corresponds to the product N-(4-Fluorophenyl)-2-hydroxy-N-(1-methylethyl)acetamide, which has a CAS No. 54041 17 7. This product is classified under the subheading 2924.29.71. The HS Code is a standardized system used globally to classify and identify traded goods. It helps in simplifying international trade by providing a uniform code for products, enabling easier identification and tracking.
The product description indicates that N-(4-Fluorophenyl)-2-hydroxy-N-(1-methylethyl)acetamide is an organic compound with specific chemical properties. It is commonly used in various industries, such as pharmaceuticals and research laboratories. The inclusion of the CAS number further ensures accurate identification of the specific compound.
When it comes to trade, countries often impose duties or tariffs on imported goods. The bound / MFN duty rate for this product is 0.6%. The bound duty rate signifies the maximum rate a country can impose on imports. The Most-Favored Nation (MFN) principle ensures that a country must apply the same duty rate to all its trading partners. This principle promotes fair trade practices and prevents discriminatory treatment.
The quantity unit for this product is not available (NA). It means that the specific unit of measurement for this product is not mentioned or may vary depending on the context. However, it is essential to determine the quantity unit for accurate trade transactions and calculations.
In addition to the duty rates, special tariff preference programs may be available for certain products. These programs provide preferential treatment, such as reduced or eliminated duties, to encourage trade between specific countries. The availability and eligibility criteria for such programs may vary, and importers and exporters should consult the relevant authorities for detailed information.
When importing goods into the United States, different states may have specific regulations and requirements. It is crucial for importers to be aware of the regulations and comply with them to avoid any legal issues or delays in customs clearance. Similarly, when exporting goods from the United States, understanding the regulations of the destination country is essential to ensure a smooth export process.
The HS Code 99020338 plays a crucial role in the international trade of N-(4-Fluorophenyl)-2-hydroxy-N-(1-methylethyl)acetamide. It enables proper classification, identification, and tracking of the product, ensuring smooth and efficient trade transactions. Importers and exporters should familiarize themselves with the HS Code system and related regulations to facilitate their international trade activities.