Azoxystrobin is an active ingredient used in the production of fungicides. It is classified under HS Code 99021251, specifically under subheading 3808.92.15. This article will provide an extensive overview of the HS code and its implications for trade and market access.
The HS code 99021251 refers to formulations of Azoxystrobin with the chemical formula CAS 131860-33-8. Azoxystrobin is a broad-spectrum fungicide that is commonly used in agriculture to control various fungal diseases in crops such as cereals, fruits, and vegetables. Its effectiveness and versatility make it a popular choice among farmers and growers worldwide.
Formulations of Azoxystrobin can come in different physical forms, including powders, liquids, and granules. These formulations are typically mixed with other ingredients to enhance their efficacy and ease of application. The specific composition and concentration of Azoxystrobin in these formulations may vary depending on the intended use and target crop.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99021251 is 3.1%. This rate applies to all countries that import or export products classified under this HS code. The MFN principle ensures that trade barriers are lowered or eliminated for the same goods or services from all trading partners.
Trade barriers can include tariff duties, quotas, or other restrictions that limit the free flow of goods between countries. By applying the MFN duty rate, countries commit to treating all their trading partners equally and avoiding discriminatory practices in international trade.
The quantity unit for products classified under HS Code 99021251 is not available (NA). The absence of a specific quantity unit suggests that the measurement or packaging of Azoxystrobin formulations may vary depending on the manufacturer or supplier.
When importing or exporting products under this HS code, it is essential to clarify the quantity and packaging requirements with the relevant authorities or trade partners. Proper documentation and labeling of the quantity unit are crucial for accurate trade statistics and customs clearance.
Special tariff preference programs can provide additional benefits or exemptions for products classified under HS Code 99021251. These programs aim to promote trade and economic cooperation between specific countries or regions.
For example, the Generalized System of Preferences (GSP) is a program that grants preferential tariff treatment to eligible developing countries. Under the GSP, certain products, including Azoxystrobin formulations, may be granted reduced or zero import duties when imported from beneficiary countries.
Other regional trade agreements or bilateral free trade agreements may also offer preferential tariffs or trade facilitation measures for products classified under HS Code 99021251. Importers and exporters should be aware of these programs and carefully review the eligibility criteria and requirements to maximize their trade benefits.
As HS Code 99021251 is an international trade classification, it is relevant for both importing and exporting US states. The code provides a standardized identification system that enables accurate tracking and reporting of trade flows at the national level.
For US importers, the HS code helps determine the applicable duty rates, customs procedures, and regulatory requirements for importing Azoxystrobin formulations. It is crucial to classify the product correctly under the appropriate HS code to ensure compliance with customs regulations and avoid potential penalties or delays in customs clearance.
For US exporters, the HS code is essential for identifying the product accurately and providing the necessary information to foreign buyers and customs authorities. Proper classification under HS Code 99021251 enables efficient customs processing and facilitates trade negotiations, including the determination of preferential tariff rates under trade agreements.
HS Code 99021251 refers to formulations of Azoxystrobin CAS 131860-33-8. This HS code plays a vital role in the international trade of Azoxystrobin formulations, ensuring fair trade practices, and facilitating market access for both importers and exporters. Understanding the implications of this HS code, including duty rates, quantity units, and special tariff preference programs, is essential for businesses involved in the trade of these products.