The HS Code 99021185 refers to a specific product description known as TSME, which is classified under the Chemicals and Allied Industries category. This code is used for international trade purposes and helps in the standardization of product classifications across different countries.
TSME, also known by its chemical names CAS 23373-38-8 and 80-48-8, falls under the subcategory 2904.90.40, which specifically covers certain chemical compounds. The use of HS codes enables countries to track and regulate the import and export of specific products, facilitating international trade.
One important aspect associated with the HS Code 99021185 is the concept of Bound and Most Favored Nation (MFN) duty rates. Bound duty rates refer to the maximum import duty that a country can impose on a particular product. On the other hand, MFN duty rates are the preferential rates applied to trading partners who have established a preferential trade agreement.
It is noteworthy that free trade agreements and tariff preference programs play a significant role in determining the import duties for products classified under HS Code 99021185. Such agreements aim to lower trade barriers, promote economic growth, and enhance cooperation between countries.
The quantity unit for TSME under the HS Code 99021185 is not available (NA). This means that the specific unit of measurement for this product may vary depending on the context and trade regulations of each country. It is essential for importers and exporters to consult the relevant trade documentation to determine the appropriate quantity unit.
When it comes to importing TSME into the United States, different states have varying regulations and requirements. Importers should familiarize themselves with the specific regulations of the state they are importing into to ensure compliance. Similarly, when exporting TSME from the United States, exporters must adhere to the regulations of the destination country to avoid any trade barriers or customs issues.
the HS Code 99021185 plays a crucial role in classifying and regulating the international trade of TSME (CAS 23373-38-8 & 80-48-8). Understanding the concept of Bound and MFN duty rates, as well as the significance of tariff preference programs, is essential for importers and exporters. By adhering to trade regulations and staying informed about specific state or country requirements, businesses can ensure smooth and compliant trade transactions.