Crotonaldehyde, a chemical compound with the CAS number 4170-30-3, is categorized under subheading 2912.19.50 of the Harmonized System (HS) Code 99021044. This article aims to provide extensive information about Crotonaldehyde, its properties, uses, and the implications of the HS code on trade.
Crotonaldehyde is an organic compound with the chemical formula C4H6O. It is a colorless liquid with a pungent odor. The compound is primarily used as an intermediate in the production of various chemicals, including but not limited to pharmaceuticals, plastics, rubber, and solvents. Its versatile nature makes it an essential component in many industrial processes.
Now, let's delve into the details of the HS code 99021044. The HS code system is an international standard for classifying and categorizing products traded across borders. It is used by customs authorities worldwide to identify and classify goods for the purpose of customs duties, statistics, and trade regulations.
The HS code 99021044 specifically refers to Crotonaldehyde (CAS No. 4170-30-3) under subheading 2912.19.50. This code enables customs officials and traders to easily identify and track the import and export of Crotonaldehyde. It plays a crucial role in facilitating international trade and ensuring compliance with trade regulations.
One of the significant aspects of the HS code system is the bound and Most Favored Nation (MFN) duty rate. The bound duty rate represents the maximum tariff rate that a country can impose on imports of a particular product. On the other hand, the MFN duty rate is the preferential tariff rate applied to imports from most favored trading partners.
For HS Code 99021044, the bound and MFN duty rates are free. This means that there are no tariffs or duties levied on the import or export of Crotonaldehyde under this HS code. It promotes the free flow of trade and encourages countries to lower barriers and open up their markets for equal treatment of goods and services from all trading partners.
Furthermore, the quantity unit for Crotonaldehyde under this HS code is not available (NA). This implies that the quantity of the product imported or exported is not specified in the HS code classification. It is essential for traders to consult additional documentation or regulations to determine the specific quantity unit and associated requirements for Crotonaldehyde trade.
Special tariff preference programs may also apply to the import or export of Crotonaldehyde under HS Code 99021044. These programs provide preferential treatment, such as reduced tariffs or exemptions, to promote trade and economic cooperation between countries. Traders should explore the available programs to leverage potential benefits and optimize their business operations.
HS Code 99021044 pertains to Crotonaldehyde (CAS No. 4170-30-3), a versatile chemical compound used in various industries. Understanding the HS code system and its implications on trade is crucial for importers, exporters, and customs authorities. The code enables easy identification, classification, and tracking of Crotonaldehyde, while the bound and MFN duty rates ensure fair and equal treatment in international trade. Traders should also explore special tariff preference programs to maximize their trade opportunities.