The HS Code 99020501 refers to mixtures of specific methylbenzoate (CAS No.126535 15 7) and application adjuvants. These mixtures are classified under subheading 3808.30.15 of the Harmonized System (HS), which is an international standard for classifying traded products.
Methylbenzoate is a chemical compound commonly used in various industries, including pharmaceuticals, fragrances, and flavors. It is produced through the esterification of benzoic acid with methanol. Methylbenzoate has a wide range of applications, such as a solvent, an intermediate in chemical synthesis, and a fragrance ingredient.
The specific mixture defined by HS Code 99020501 combines methylbenzoate with application adjuvants. Application adjuvants are substances added to pesticides, herbicides, and other agricultural chemicals to enhance their effectiveness. These adjuvants can improve the spreading, wetting, sticking, or dispersing properties of the main active ingredient, thereby increasing the efficiency of the agricultural product.
When importing or exporting products classified under HS Code 99020501, it is important to be aware of the respective duty rates and any special tariff preference programs. The bound / MFN (Most Favored Nation) duty rate for this HS Code is currently set at "Free." This means that the products can be traded between countries without incurring any additional import or export duties.
Trade barriers, such as tariffs and quotas, can hinder international trade by making imported goods more expensive or limiting their availability. However, countries often negotiate trade agreements to lower these barriers and promote free trade. The principle of MFN ensures that when a country lowers a trade barrier or opens up a market, it must 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 available data does not specify the quantity unit for products classified under HS Code 99020501. The "NA" (Not Available) notation indicates that the information regarding the quantity unit is not provided or is not applicable in this context.
It is worth noting that the HS Code 99020501 is specific to mixtures of methylbenzoate and application adjuvants. Other products containing methylbenzoate or different adjuvants may have different HS codes. It is crucial to accurately classify products according to their composition and purpose to ensure compliance with customs regulations and facilitate international trade.
the HS Code 99020501 pertains to mixtures of specific methylbenzoate and application adjuvants. This code allows for the identification, classification, and regulation of these products in international trade. Understanding the duty rates, special tariff preference programs, and the principle of MFN ensures fair and transparent trade practices. Accurate classification and compliance with customs regulations are essential for smooth import and export operations.