HS Code 99022299 refers to the product 4-(Trifluoromethoxy)phenyl isocyanate. This chemical compound is identified by its CAS number 35037-73-1 and falls under subheading 2929.10.55. In this article, we will explore the details of this HS code and its significance in international trade.
The product 4-(Trifluoromethoxy)phenyl isocyanate is a chemical compound used in various industries, including pharmaceuticals, agrochemicals, and materials science. It is commonly employed as a building block in the synthesis of organic compounds. Its CAS number, 35037-73-1, is a unique identifier used worldwide to ensure accurate identification of the substance.
Under the HS code 99022299, this product is classified based on its composition and intended use, allowing authorities and traders to categorize and track it accurately. The code 99022299 is an essential tool for customs and regulatory bodies to monitor international trade of this specific chemical compound.
The bound or Most Favored Nation (MFN) duty rate refers to the tariff rate applied to imported goods. It is the maximum rate a country can impose on a specific product, and it is often lower than the applied rate. The principle of MFN treatment ensures that every country applies the same tariff rate to all trading partners, promoting fairness and transparency in international trade.
For HS Code 99022299, the bound or MFN duty rate is free. This means that when importing this product, countries are not required to pay any tariff fees. This encourages trade and facilitates the movement of this chemical compound across borders without additional financial burdens for importers.
The quantity unit for HS Code 99022299 is not available (NA). This indicates that the specific unit of measurement for the product is not specified or standardized. The absence of a specific quantity unit suggests that the product's measurement can vary depending on the context in which it is used or traded.
Special tariff preference programs are trade agreements or arrangements that provide certain benefits or concessions to specific countries or regions. These programs aim to promote economic cooperation and development by reducing or eliminating tariff barriers for eligible products.
For HS Code 99022299, there may be special tariff preference programs that offer reduced duty rates or exemptions for certain trading partners. However, without specific information about the country or region of import/export, it is challenging to provide detailed insights into the availability and scope of these programs.
HS Code 99022299 applies to international trade involving the United States. When importing this product into the US, it is essential to comply with customs regulations and provide accurate information regarding the product's classification, origin, and value.
Similarly, when exporting this product from the US, exporters need to ensure compliance with relevant export control laws and regulations. Proper documentation and adherence to international trade practices are crucial to facilitate smooth transactions and avoid potential legal issues.
HS Code 99022299 represents the chemical compound 4-(Trifluoromethoxy)phenyl isocyanate. This code enables accurate classification, tracking, and regulation of this product in international trade. Understanding the details and implications of HS codes is essential for importers, exporters, customs authorities, and regulatory bodies involved in global commerce.