The HS Code 99022502 refers to a specific chemical compound specified by CAS No. 70571-81-2. This code is provided for in subheading 3204.12.45, which is a classification code used in international trade to categorize products for customs and tariff purposes.
When importing or exporting goods, it is essential to understand the HS Code assigned to the product as it determines the applicable customs duties and regulations. In the case of HS Code 99022502, the product falls under the chemical category.
The chemical specified by CAS No. 70571-81-2 is subject to bound and Most Favored Nation (MFN) duty rates. Bound duty rates are the maximum tariffs a country can impose on imports, as agreed upon in international trade agreements. MFN duty rates, on the other hand, are the standard rates applied to imports from all trading partners.
It is important to note that when 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 ensures fairness and equal treatment in international trade.
The quantity unit for HS Code 99022502 is not available (NA) in the provided data. However, it is crucial to determine the quantity unit for accurate customs declarations and trade statistics.
Special tariff preference programs may also apply to the product specified by HS Code 99022502. These programs provide certain benefits or preferences to eligible importers and exporters. It is advisable to research and understand the specific requirements and conditions of these programs to take advantage of any available trade benefits.
When importing or exporting goods under HS Code 99022502, it is essential to consider the regulations and requirements of both the importing and exporting US states. Each state may have its own specific regulations and documentation requirements for the import or export of chemicals.
HS Code 99022502 refers to a chemical compound specified by CAS No. 70571-81-2. Understanding the HS Code and its associated duties, tariff rates, and special tariff preference programs is crucial for smooth and compliant international trade. Importers and exporters should also be aware of the regulations and requirements of the specific US states involved in the trade.