The HS Code 99022498 refers to a specific chemical that is specified in CAS No. 68959-19-3. This code is provided for in 3204.12.45, which is a classification in the Harmonized System (HS) used for international trade. In this article, we will explore the details of this HS code and provide more information about the chemical it represents.
Before we delve into the specifics of HS Code 99022498, let's first understand what HS codes are. The HS is an internationally standardized system of names and numbers used to classify traded products. It is used by customs authorities around the world to identify and categorize goods for customs purposes.
Now, let's focus on the product description for HS Code 99022498. This particular code represents a chemical specified in CAS No. 68959-19-3. CAS stands for Chemical Abstracts Service, which is a division of the American Chemical Society. CAS numbers are unique identifiers assigned to specific chemical substances, allowing for easy identification and referencing.
When it comes to the import and export of goods, trade barriers and market access play a significant role. The bound / MFN (Most Favored Nation) duty rate associated with HS Code 99022498 indicates the duty rate imposed on this chemical when it is imported or exported. The term "bound" refers to the maximum tariff rate a country can impose on a specific product, while "MFN" signifies that the duty rate applies to all trading partners equally.
It is worth noting that the duty rate for HS Code 99022498 is specified as "Free." This means that there are no tariffs or duties imposed on the import or export of this chemical. This could be due to various reasons, such as trade agreements or special tariff preference programs.
Speaking of special tariff preference programs, these are schemes established by governments to promote trade and provide preferential treatment to certain products. While the specific details of any such programs applicable to HS Code 99022498 are not mentioned, it is important to be aware of the existence of these programs and their potential impact on trade.
Unfortunately, the quantity unit for HS Code 99022498 is not available (NA). This means that the specific unit of measurement for this chemical is not specified in the data provided. However, it is common for HS codes to have corresponding unit codes that define the measurement unit. It is advisable to consult additional sources or regulatory bodies to obtain this information if needed.
HS Code 99022498 represents a chemical specified in CAS No. 68959-19-3. This code is used for the classification and identification of the product in international trade. The duty rate associated with this HS code is "Free," indicating that no tariffs or duties are imposed on its import or export. While the quantity unit is not available in the provided data, it is essential to consider special tariff preference programs and their potential impact on trade. By understanding HS codes and their associated products, businesses and individuals can navigate the complexities of international trade more effectively.