The HS Code 99021242 pertains to the product Indoxacarb, specifically identified by its Chemical Abstracts Service (CAS) number 173584-44-6. It falls under subheading 2934.99.16, which classifies certain chemical compounds.
When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing products. It is a standardized system used globally to classify and define traded goods. The HS Code aids in efficient customs clearance, statistical analysis, and trade monitoring.
Indoxacarb is a chemical compound used primarily as an insecticide and is classified under HS Code 99021242. It is commonly utilized in the agricultural sector to control a wide range of pests, including insects and mites. Its CAS number, 173584-44-6, uniquely identifies this specific compound.
This chemical compound is known for its effectiveness in pest control and is widely used in various crops, such as cotton, corn, vegetables, and fruits. Indoxacarb works by disrupting the nervous system of pests, leading to their paralysis and eventual death.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 99021242 is free. This means that countries do not impose any duty or tariff on the importation of Indoxacarb. The MFN principle ensures that when a country lowers a trade barrier or opens up its market, it must apply the same treatment to all its trading partners.
By maintaining a duty-free status, countries encourage the importation of Indoxacarb, promoting its availability and affordability in the global market. This, in turn, supports the agricultural industry by providing an effective solution for pest control.
For HS Code 99021242, the quantity unit is not available (NA). This suggests that the unit of measurement for Indoxacarb under this HS Code is not specified or standardized. It is essential for importers and exporters to clarify the quantity unit with the relevant authorities to ensure accurate trade documentation and compliance.
Special tariff preference programs may apply to the importation of Indoxacarb under HS Code 99021242. These programs aim to promote and facilitate trade between specific countries by granting preferential treatment, such as reduced or zero tariffs.
Importing US States:
Exporting US States:
It is important for importers and exporters to stay updated with the regulations and requirements associated with special tariff preference programs. These programs can have a significant impact on the cost and competitiveness of Indoxacarb in the international market.
HS Code 99021242 represents Indoxacarb (CAS 173584-44-6), an insecticide widely used in the agricultural sector. Understanding the HS Code and its associated information is crucial for accurate trade classification, compliance, and effective trade facilitation. Importers and exporters must stay informed about duty rates, quantity units, and any special tariff preference programs to ensure smooth and efficient international trade.