The Harmonized System (HS) Code 99021274 refers to a specific product mix consisting of CAS No. 23847-08-7 combined with an elastomer binder of ethylene-propylene-diene. This code is used to classify and identify this particular product for international trade purposes, facilitating the smooth flow of goods across borders.
The HS Code system is an internationally recognized standard for classifying and categorizing products. It is used by customs authorities around the world to determine the appropriate import duties, taxes, and regulations applicable to different goods. Each HS Code is unique to a specific product and provides detailed information about its composition, characteristics, and use.
Let's dive deeper into the details of the product description and explore its implications and significance.
The product described by HS Code 99021274 is a mix composed of CAS No. 23847-08-7, which refers to a specific chemical compound, combined with an elastomer binder of ethylene-propylene-diene. The mix is typically used in various industries for specific applications.
The CAS No. 23847-08-7 refers to a unique identification number assigned to a chemical compound, providing specific details about its composition and properties. In this case, it is an essential component of the mix in question.
The elastomer binder of ethylene-propylene-diene is a type of rubber material known for its excellent resistance to heat, weathering, and chemicals. It offers enhanced durability and flexibility, making it suitable for various industrial and commercial applications.
The bound duty rate, also known as the Most Favored Nation (MFN) duty rate, refers to the maximum import duty rate that a country can impose on a specific product. The concept of MFN is based on the principle of non-discrimination in international trade.
Under the World Trade Organization (WTO) rules, every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment for all countries participating in international trade.
The MFN duty rate for HS Code 99021274 is free. This means that the product can be imported into a country without any additional import duties or tariffs, promoting trade facilitation and encouraging international business.
Unfortunately, the specific quantity unit for HS Code 99021274 is not available (NA). The absence of a defined quantity unit implies that the measurement and pricing of this product may vary depending on the specific requirements and agreements between the trading parties.
It is essential for importers and exporters to establish clear communication and agreements regarding the quantity, packaging, and pricing of the product to avoid any misunderstandings or discrepancies during international trade transactions.
Special tariff preference programs are trade agreements or arrangements between countries that provide preferential treatment in terms of reduced or eliminated import duties for specific products. These programs aim to foster economic cooperation, promote trade relations, and support the development of industries in participating countries.
For HS Code 99021274, there may be special tariff preference programs available depending on the countries involved in the trade. These programs can offer various benefits, such as duty-free or reduced-duty imports, streamlined customs procedures, and simplified documentation requirements.
The HS Code 99021274 allows us to identify the importing and exporting US states for this particular product. By analyzing the trade data associated with this HS Code, we can gain insights into the geographical distribution of imports and exports for the product mix.
Unfortunately, the specific importing and exporting US states data is not provided in the given information. However, it is important to note that the United States is one of the largest traders in the world, engaging in significant import and export activities across various industries.
Understanding the importing and exporting US states can be crucial for businesses involved in international trade, as it helps identify potential markets, target customers, and establish strategic partnerships.
HS Code 99021274 represents a specific product mix composed of CAS No. 23847-08-7 combined with an elastomer binder of ethylene-propylene-diene. This code enables the classification, regulation, and smooth flow of this product in international trade. The bound / MFN duty rate for this HS Code is free, promoting trade facilitation. While the specific quantity unit is not available, it is important to establish clear agreements. Special tariff preference programs and the analysis of importing and exporting US states can provide additional insights and opportunities for businesses engaged in international trade.