HS Code 99022204: Methyl Methoxyacetate
Methyl methoxyacetate is a chemical compound classified under HS Code 99022204. Its CAS number is 6290-49-9 and it falls under subheading 2918.99.50. In this article, we will explore the various aspects of this product, including its description, duty rates, quantity unit, and any special tariff preference programs associated with it.
Methyl methoxyacetate is an organic compound commonly used as a solvent in various industries. It is a clear, colorless liquid with a fruity odor. The compound is known for its solubility in both water and organic solvents, making it versatile for different applications.
When it comes to international trade, the Harmonized System (HS) Code serves as a standardized classification system for products. HS Code 99022204 specifically identifies methyl methoxyacetate, allowing customs authorities and traders to easily categorize and track this product.
One essential aspect of trade is the duty rate imposed on imported goods. The bound or Most Favored Nation (MFN) duty rate is the maximum tariff rate a country can apply to imports. In the case of HS Code 99022204, the bound/MFN duty rate is free. This means that countries do not impose any tariffs or duties on the importation of methyl methoxyacetate.
The principle of MFN treatment ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and non-discriminatory trade practices among countries.
The quantity unit for HS Code 99022204 is not available (NA). This means that there is no specific unit of measurement mentioned for the quantity of methyl methoxyacetate being imported or exported. It could vary depending on the specific trade transaction.
In addition to duty rates and quantity units, it is worth exploring any special tariff preference programs associated with HS Code 99022204. These programs provide certain benefits or exemptions for importers or exporters based on specific criteria. However, no information is available regarding any special tariff preference programs for methyl methoxyacetate at this time.
Importing and exporting of methyl methoxyacetate can occur between various US states. The specific states involved in the importation or exportation of this product could vary depending on market demand and supply. It is essential for traders to be aware of the regulations and requirements of the individual states involved in the trade.
HS Code 99022204 refers to methyl methoxyacetate, a versatile solvent used in various industries. This article has provided an overview of its description, duty rates, quantity unit, and special tariff preference programs. Understanding the HS Code and its associated details is crucial for international traders to ensure smooth and compliant trade operations.
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