HS Code 99021219 refers to D-Mannose, a product with the CAS No. 3458-28-4, categorized under the subheading 2940.00.60. In this article, we will explore the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
D-Mannose is a natural sugar that can be found in various fruits such as cranberries, apples, and peaches. It is a white, crystalline powder with a sweet taste. The CAS No. 3458-28-4 uniquely identifies this product in the international market.
The inclusion of D-Mannose in the subheading 2940.00.60 signifies its classification as a chemical compound within the broader category of sugars, chemically pure. This subheading helps in streamlining the classification and identification of goods during international trade.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99021219 is free. This means that countries must eliminate any trade barriers or open up their markets for the importation of D-Mannose without imposing any customs duties.
The principle behind the MFN duty rate is reciprocity. When a country lowers a trade barrier or opens up a market, it must extend the same treatment to all its trading partners. This ensures fair and equal treatment in international trade, promoting global economic cooperation.
The quantity unit for HS Code 99021219 is not available (NA). The absence of a specific quantity unit suggests that the measurement or pricing of D-Mannose is not standardized under this HS code. Importers and exporters may rely on alternative units of measurement or negotiate specific terms with their trading partners.
Special tariff preference programs offer certain benefits or concessions to importers or exporters of specific goods. While no specific special tariff preference programs are mentioned for HS Code 99021219, it is crucial to stay updated with the latest trade agreements and preferences between countries.
For example, countries often establish Free Trade Agreements (FTAs) that reduce or eliminate tariffs on certain goods traded between them. These FTAs aim to promote economic growth, enhance market access, and foster closer diplomatic relations.
Additionally, countries may participate in regional trade blocs like the European Union or the Association of Southeast Asian Nations, where preferential tariffs are granted to member countries. These trade blocs often have their own specific HS code classification and tariff schedules.
It is advisable for importers and exporters of D-Mannose to consult the customs authorities, trade agencies, or professional trade advisors to determine if any special tariff preference programs apply to their specific trade transactions.
HS Code 99021219 represents D-Mannose, a natural sugar with various applications. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for smooth international trade operations. By staying informed and compliant with relevant regulations and preferences, importers and exporters can maximize the benefits and opportunities offered by global trade.