HS Code 99020359 corresponds to the product Acid black 132, which is identified by its CAS number 27425 58 7. It falls under the subheading 3204.12.20, as provided in the Harmonized System (HS) for classifying goods.
The HS Code is an internationally recognized system used to classify and categorize products for import and export purposes. It allows for a standardized way of identifying products, facilitating trade between countries. Each HS Code consists of a unique combination of numbers assigned to a specific product or group of products.
Acid black 132 is a dye commonly used in various industries, such as textile, printing, and leather. Its classification under HS Code 99020359 indicates that it falls under the broader category of dyes and pigments.
When it comes to trade, the HS Code plays a crucial role in determining the duties and tariffs applicable to a specific product. In the case of Acid black 132, it is important to consider the bound and most-favored-nation (MFN) duty rates.
The bound duty rate represents the maximum tariff that a country can impose on imports of a particular product. This rate is negotiated and agreed upon during international trade negotiations. It serves as a safeguard to prevent countries from imposing excessively high tariffs and restricting trade.
On the other hand, the MFN duty rate refers to the preferential tariff applied to imports from most-favored-nation trading partners. It means that 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. This principle promotes fairness and equal treatment among trading nations.
Unfortunately, the specific duty rates for Acid black 132 are not provided in the available data. However, it is worth noting that the tariff rates can vary depending on the country of import or export. Therefore, it is essential for businesses and importers/exporters to consult the relevant customs authorities or trade agreements to determine the applicable duty rates for this product.
Furthermore, the data does not specify the quantity unit for Acid black 132. It is denoted as "not available" (NA). The quantity unit is an important factor in determining the value and volume of imports or exports, as well as any applicable duties or taxes based on quantity thresholds.
Lastly, it is worth mentioning that Acid black 132 may be eligible for special tariff preference programs. These programs are designed to promote trade and economic cooperation between countries. They often offer reduced or zero tariff rates for specific products from certain countries or regions.
HS Code 99020359 represents Acid black 132, a dye commonly used in various industries. The HS Code system allows for standardized classification of products for import and export purposes. The bound and MFN duty rates are important factors to consider in international trade, although the specific rates for Acid black 132 are not provided. Importers/exporters should consult customs authorities or trade agreements to determine applicable duty rates. Additionally, the quantity unit and eligibility for special tariff preference programs should be considered when dealing with Acid black 132.