Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99021072: A Comprehensive Guide

The HS Code 99021072 refers to a specific product in the international trade system. In this article, we will delve into the details of this HS Code and provide extensive information about its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

The product associated with HS Code 99021072 is 4-Chlorobenzaldehyde, which has the CAS No. 104-88-1. This chemical compound falls under the subheading 2913.00.40. 4-Chlorobenzaldehyde is commonly used in various industries, including pharmaceuticals, agrochemicals, and dyes. It is known for its aromatic properties and plays a crucial role in the synthesis of numerous organic compounds.

Bound / MFN Duty Rate

The bound duty rate for products under HS Code 99021072 is not specified. However, the MFN (Most Favored Nation) duty rate is free. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of zero for 4-Chlorobenzaldehyde from all its trading partners. This promotes fair trade practices and equal opportunities for all nations involved.

Quantity Unit

Unfortunately, the specific quantity unit for 4-Chlorobenzaldehyde under HS Code 99021072 is not available (NA). The quantity unit is essential for accurately measuring and trading the product. It could be kilograms, liters, or any other standard unit of measurement depending on the nature and packaging of the product.

Special Tariff Preference Programs

Special tariff preference programs can provide certain advantages or benefits to importers or exporters dealing with products falling under HS Code 99021072. Some of these programs include:

• Generalized System of Preferences (GSP): The GSP allows eligible developing countries to export specified products to certain developed countries at reduced or zero tariff rates. It promotes economic growth in developing nations and facilitates trade between countries.
• Free Trade Agreements (FTA): Free Trade Agreements aim to eliminate or reduce trade barriers between participating countries. By availing the benefits of an FTA, importers or exporters of 4-Chlorobenzaldehyde can enjoy preferential tariff rates, streamlined customs procedures, and improved market access.
• Regional Trade Agreements (RTA): RTAs are similar to FTAs but involve a specific region or group of countries. They promote regional integration and cooperation, leading to increased trade opportunities for products like 4-Chlorobenzaldehyde.

Importing US States and Exporting US States

The HS Code 99021072 applies to international trade involving the United States as both an importer and an exporter. The importing US states may vary depending on the demand and consumption of 4-Chlorobenzaldehyde within the country. Similarly, the exporting US states may differ based on the production capacity and supply capabilities of the chemical compound.

Overall, understanding the HS Code 99021072 is crucial for importers, exporters, and other stakeholders involved in the trade of 4-Chlorobenzaldehyde. It helps ensure compliance with customs regulations, determine duty rates, and explore opportunities for preferential treatment through special tariff preference programs.