HS Code 99022524 refers to 4-Chlorobenzonitrile, a chemical compound with the CAS number 623-03-0. This HS code falls under the subheading 2926.90.14 of the Harmonized System (HS), which is an internationally standardized system of names and numbers to classify traded products. In this article, we will explore the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
4-Chlorobenzonitrile is a chemical compound commonly used in various industries such as pharmaceuticals, agrochemicals, and dyes. It is primarily used as an intermediate in the synthesis of other chemicals. The CAS number 623-03-0 uniquely identifies this compound, ensuring accurate identification and classification in international trade.
The HS code 99022524 specifically covers the import and export of 4-Chlorobenzonitrile. By referencing this HS code, customs authorities and traders can easily identify and classify the product, streamlining international trade processes.
The bound or Most Favored Nation (MFN) duty rate is the rate that a country applies to imports from all its trading partners. It is a maximum rate, and countries must not exceed this rate unless they have negotiated lower rates through trade agreements or preferential programs.
For HS Code 99022524, the bound / MFN duty rate is not available. This means that the importation of 4-Chlorobenzonitrile is duty-free, regardless of the country of origin. This encourages international trade by removing trade barriers and promoting fair competition.
The quantity unit for HS Code 99022524 is not available (NA). This indicates that the unit of measurement for this particular product is not specified or may vary depending on the specific trade transaction. It is essential for traders to accurately declare the quantity of 4-Chlorobenzonitrile being imported or exported to ensure compliance with customs regulations.
Special tariff preference programs are trade agreements or schemes that offer reduced or zero-duty rates for specific products traded between participating countries. These programs aim to promote economic cooperation, regional integration, and development.
While specific special tariff preference programs may vary depending on the participating countries, HS Code 99022524 may be eligible for preferential treatment under certain programs. It is crucial for traders to consult the relevant trade agreements and regulations to determine if any special tariff preferences apply to their import or export transactions involving 4-Chlorobenzonitrile.
As HS Code 99022524 is an international classification system, it is not directly linked to specific US states for importing or exporting purposes. However, the United States, as a member of the World Trade Organization (WTO) and signatory to various trade agreements, applies the HS code system to classify its imports and exports.
Traders in the United States, regardless of the state they operate in, can utilize HS Code 99022524 to accurately classify their imports or exports of 4-Chlorobenzonitrile. This ensures compliance with customs regulations, facilitates trade documentation, and enables efficient customs clearance processes.
HS Code 99022524 plays a crucial role in the international trade of 4-Chlorobenzonitrile. It provides a standardized classification system, facilitates customs procedures, and ensures accurate identification of the product. Traders should familiarize themselves with the details of this HS code, including its product description, duty rates, quantity unit, and any applicable special tariff preference programs.