The HS Code 99021135 refers to the product 4-Methoxy-2-methyldiphenylamine, which is classified under the CAS No. 41317-15-1. This product falls under the subheading 2922.29.61, which is used to categorize certain chemical compounds.
HS Codes, also known as Harmonized System Codes, are used globally to classify and standardize traded products. These codes consist of a unique combination of numbers and letters that provide information about the product, its origin, and its classification. They are essential for international trade as they facilitate the smooth flow of goods across borders and enable customs authorities to accurately identify and assess the duty rates applicable to each product.
The bound / MFN (Most Favored Nation) duty rate for the HS Code 99021135 is 1.1%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate to the same goods or services from all its trading partners. The bound duty rate acts as a ceiling, ensuring that the duty rate does not exceed a certain level.
Unfortunately, the quantity unit for the product 4-Methoxy-2-methyldiphenylamine is not available (NA). This information would typically specify the unit in which the product is measured, such as kilograms, liters, or pieces, providing further clarity on the import or export quantities.
Special tariff preference programs may be available for products classified under HS Code 99021135. These programs are designed to promote trade and provide preferential treatment to certain products or trading partners. They may include preferential duty rates, exemptions, or other benefits that aim to reduce trade barriers and facilitate international commerce.
When importing the product to the United States, different states may have varying regulations and requirements. It is essential to familiarize oneself with the specific regulations of the importing state to ensure compliance and smooth customs clearance. Similarly, when exporting the product from the United States, the exporting state may have its own set of regulations and requirements that need to be followed.
Overall, the HS Code 99021135 plays a crucial role in classifying and identifying the product 4-Methoxy-2-methyldiphenylamine. It enables international trade by providing a standardized system for product classification, determining duty rates, and facilitating customs procedures. Understanding and correctly applying HS Codes is essential for businesses and individuals involved in international trade to ensure compliance, facilitate smooth transactions, and benefit from any available trade preferences or programs.