The Harmonized System (HS) is an international classification system for goods, used by customs authorities around the world. Each product is assigned a unique HS code, which helps in the classification and identification of goods during international trade. In this article, we will delve into the details of HS Code 99021079, focusing on the product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 99021079 corresponds to a specific product known as ACM (CAS No. 167004-78-6). ACM is classified under the subheading 2931.00.90, which is a part of the broader HS Code classification system. The CAS number, also known as the Chemical Abstracts Service number, is a unique identifier assigned to chemical substances. In this case, CAS No. 167004-78-6 is associated with ACM.
ACM is a compound that has various applications across industries. Its specific properties and uses depend on its chemical composition and the industry it is being used in. To gain a better understanding of ACM, it is essential to consult scientific literature and industry-specific resources.
The bound / most-favored nation (MFN) duty rate for HS Code 99021079 is 1.7%. The MFN duty rate is the baseline tariff rate applied to a product when it is imported into a country. This rate remains constant unless a country decides to lower a trade barrier or open up its market, in which case it must do so for the same goods or services from all its trading partners. The duty rate is applied to the customs value of the imported goods and is an important factor in determining the overall cost of importing ACM.
It is worth noting that duty rates can vary depending on trade agreements, preferential trade programs, and specific country regulations. Importers and exporters should always consult the customs authorities or relevant trade resources to ensure accurate and up-to-date information on duty rates.
The quantity unit for HS Code 99021079 is not available (NA). The absence of a specific quantity unit indicates that the measurement for ACM may vary depending on its form or packaging. It is crucial for importers and exporters to determine the appropriate unit of measurement for their specific trade transactions and comply with the relevant regulations.
Special tariff preference programs are trade agreements or arrangements between countries that offer preferential treatment to certain goods. These programs aim to promote trade, economic cooperation, and development between participating countries. While the information provided does not explicitly mention any special tariff preference programs for HS Code 99021079, it is important for importers and exporters to explore potential programs that may offer benefits such as reduced duty rates or exemptions.
In the context of the United States, it is essential to consider relevant trade agreements and programs such as the Generalized System of Preferences (GSP), Free Trade Agreements (FTAs), and other bilateral or multilateral trade arrangements. These programs may provide opportunities for reduced duty rates or duty-free access to specific markets, depending on the country of origin and destination.
HS Code 99021079 represents ACM (CAS No. 167004-78-6), a product with various applications in different industries. The bound / MFN duty rate for this HS Code is 1.7%, which applies to the customs value of the imported goods. The quantity unit for ACM is not specified, indicating a flexible measurement depending on the product's form or packaging. Importers and exporters should be aware of special tariff preference programs that may offer benefits or reduced duty rates. It is crucial to stay informed about current trade regulations, consult relevant authorities, and leverage available resources to ensure smooth and compliant international trade transactions involving ACM.