HS Code 99021327: Formulated Krovar I DF (with CAS 314-40-9)
The HS Code 99021327 refers to a specific product known as Formulated Krovar I DF (with CAS 314-40-9). This product falls under the subheading 3808.93.15 within the Harmonized System (HS) code classification.
The Harmonized System is an international standard for classifying traded products. It is used by customs authorities around the world to identify and categorize goods for the purpose of tariff and trade statistics. The HS Code 99021327 is a unique code assigned to the Formulated Krovar I DF product, making it easily identifiable in international trade.
The product description specifies that the Formulated Krovar I DF contains CAS 314-40-9. CAS stands for Chemical Abstracts Service, which is a division of the American Chemical Society. CAS numbers are unique identifiers assigned to specific chemical substances, allowing for accurate identification and tracking.
When it comes to import and export, the HS Code plays a crucial role in determining the applicable duties and tariffs. The Bound / MFN (Most Favored Nation) duty rate for HS Code 99021327 is 2.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 2.5% for this product to all its trading partners.
Unfortunately, the quantity unit for this particular product is not available (NA). It is important to note that the absence of a quantity unit may vary depending on specific circumstances, such as the packaging or nature of the product.
Special tariff preference programs may also apply to products with HS Code 99021327. These programs are designed to promote trade and economic cooperation between countries. They often involve reduced or eliminated duties for qualifying products, providing exporters with a competitive advantage.
When importing this product into the United States, it is necessary to consider the specific requirements and regulations of each state. Different states may have varying rules and procedures for the importation of goods, including those classified under HS Code 99021327. Exporting from the United States to other countries also requires compliance with the destination country's import regulations.
HS Code 99021327 identifies the product Formulated Krovar I DF (with CAS 314-40-9). Understanding the HS Code is essential for determining the applicable duties, tariffs, and trade regulations associated with importing and exporting this product. It is important for businesses to stay informed about any special tariff preference programs and comply with the specific import/export regulations of the countries involved in the trade.
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