The HS Code 99022226 refers to the product N-Cyclohexylthiophthalimide, which is identified by its CAS number 17796-82-6. This product falls under the subheading 2930.90.24 of the Harmonized System (HS) codes. The HS code system is an international classification system for goods, used by customs authorities, statistical agencies, and other government bodies to facilitate trade.
N-Cyclohexylthiophthalimide is a chemical compound that finds application in various industries such as rubber manufacturing, pharmaceuticals, and agriculture. It is primarily used as a vulcanization accelerator in the production of rubber. The compound helps improve the mechanical properties of rubber, such as its strength and elasticity, by promoting cross-linking between polymer chains.
By including the HS code 99022226 in the product description, it becomes easier for customs officials and traders to identify and classify the specific product being imported or exported. The HS code provides a standardized way of categorizing goods, ensuring uniformity in international trade documentation and facilitating the collection of trade statistics.
When it comes to trade barriers and tariffs, the HS code plays a crucial role. The bound or Most Favored Nation (MFN) duty rate associated with a particular HS code determines the rate of duty that will be applied when importing or exporting the product. The bound duty rate represents the maximum rate that a country can impose on imports, as agreed upon in international trade agreements.
However, countries can also provide special tariff preference programs to promote trade and economic cooperation. These programs, such as free trade agreements or preferential trade arrangements, allow countries to grant reduced or zero tariffs on certain goods imported from specific trading partners. It is important for traders to be aware of these programs and their eligibility criteria to benefit from lower duty rates.
Unfortunately, the quantity unit for N-Cyclohexylthiophthalimide is not available (NA). This information would be helpful for traders to accurately determine the quantity and value of goods being imported or exported. However, other details such as the CAS number and product description can still be used to identify the specific product and ensure compliance with customs regulations.
the HS code 99022226 is assigned to N-Cyclohexylthiophthalimide, a chemical compound used in various industries. The HS code system provides a standardized classification system for goods, facilitating international trade and customs procedures. The bound duty rate associated with the HS code determines the maximum duty that can be imposed, while special tariff preference programs may offer reduced or zero tariffs for eligible goods. Traders should be aware of these programs to take advantage of lower duty rates and promote trade.