In the world of international trade, HS Code 99022486 plays a crucial role in identifying and categorizing specific products. In this article, we will delve into the details of HS Code 99022486 and explore its significance in the context of Acid Red 414.
HS Code 99022486 refers to Acid Red 414, a specific chemical compound with the CAS (Chemical Abstracts Service) number 152287-09-7. This product is classified under subheading 3204.12.45, which further helps in identifying its specific characteristics.
Acid Red 414 is commonly used as a colorant in various industries, including textiles, printing, and dyeing. Its vibrant red hue makes it a popular choice for adding color to fabrics, paper, and other materials.
When it comes to international trade, duty rates play a crucial role in determining the cost of importing or exporting goods. For HS Code 99022486, the bound or MFN (Most Favored Nation) duty rate is free. This means that no additional duty is imposed on the import or export of Acid Red 414.
The concept of MFN duty rate ensures that whenever 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 nations.
Unfortunately, the available data does not specify the quantity unit for Acid Red 414. However, it is important to note that quantities are typically measured in standardized units, such as kilograms (kg) or liters (L), depending on the nature of the product.
In addition to the general duty rate, certain countries may offer special tariff preference programs that provide additional benefits for specific products. However, the available data does not mention any such programs for HS Code 99022486.
HS Code 99022486 applies to both importing and exporting Acid Red 414 in the United States. This means that the code is used to identify the product when it enters or leaves the country, regardless of the specific states involved in the trade.
It is worth mentioning that the United States employs HS Codes as part of its tariff schedule, which helps in regulating international trade and collecting accurate trade statistics. Importers and exporters need to adhere to the relevant HS Codes to ensure compliance with customs regulations.
HS Code 99022486, representing Acid Red 414, is an essential tool in international trade for identifying and categorizing specific products. Its classification under subheading 3204.12.45 provides further details about its characteristics.
Understanding the bound or MFN duty rate helps importers and exporters determine the cost implications of Acid Red 414, and the principle of non-discrimination ensures fair trade practices among nations. While the quantity unit is not specified in the available data, it is crucial to measure and document quantities accurately during trade transactions.
Although no special tariff preference programs are mentioned for HS Code 99022486, it is essential to stay updated on any changes in trade policies that may affect the import or export of Acid Red 414.
HS Code 99022486 serves as a vital reference point for international trade involving Acid Red 414, enabling efficient customs clearance, accurate trade statistics, and fair trade practices among nations.