The HS Code 99022314 refers to a specific product known as 1,1,2-2-Tetrafluoroethene, oxidized, polymerized (CAS No. 69991-61-3). This product falls under the subheading 3904.69.50. In this article, we will delve into the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
The product described by HS Code 99022314, 1,1,2-2-Tetrafluoroethene, oxidized, polymerized, is a chemical compound widely used in various industries. It is identified by its CAS No. 69991-61-3. This code provides a standardized classification for this specific product, making it easier for international trade and regulatory purposes.
When a product is assigned an HS code, it ensures that all parties involved in trade, including customs authorities, can accurately identify and classify the product. This helps in determining the appropriate duty rates and applying any relevant regulations or restrictions.
The duty rate associated with HS Code 99022314 is "Free." This means that there are no import duties imposed on this product when it enters a country. Free duty rates are beneficial for both importers and exporters as they facilitate trade and lower the overall cost of the product.
One important aspect of the bound/MFN duty rate is the principle of non-discrimination. It states that 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 ensures fair and equal treatment for all countries participating in international trade.
The quantity unit for HS Code 99022314 is not available (NA). This implies that the specific unit of measurement for this product is not defined or provided. It is crucial for importers and exporters to determine the quantity of the product accurately to comply with customs regulations and ensure smooth trade operations.
Special tariff preference programs are agreements or arrangements made between countries to provide preferential treatment to certain products. These programs aim to promote economic cooperation, development, and trade facilitation among participating nations.
While specific details of special tariff preference programs applicable to HS Code 99022314 are not provided in the given data, it is important to note that such programs can have a significant impact on the import or export of this product. These programs may include preferential duty rates, reduced tariffs, or even duty-free access to certain markets.
The data does not provide information regarding the importing and exporting US states for HS Code 99022314. However, it is important to mention that the HS code system is used globally. Therefore, this code is not limited to the United States but applies to international trade involving this specific product.
HS Code 99022314 plays a crucial role in classifying and identifying the product 1,1,2-2-Tetrafluoroethene, oxidized, polymerized. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this code is essential for importers, exporters, and customs authorities involved in international trade.