The HS Code 99022531 refers to used compression-ignition engines to be installed in vehicles of subheading 8701.20 or heading 8704 (provided for in subheading 8408.20.20). This HS code is used to categorize and classify these specific types of engines for trade and regulatory purposes.
HS codes, also known as Harmonized System codes, are an international standard for classifying products in import-export transactions. These codes are used to determine the customs duties and regulations that apply to specific goods when they cross international borders.
The product description for HS Code 99022531 is used compression-ignition engines. These engines are specifically intended to be installed in vehicles that fall under the subheading 8701.20 or heading 8704. It is important to note that these engines are only allowed for import or export if they comply with the regulations specified in subheading 8408.20.20.
The bound or MFN (Most Favored Nation) duty rate for HS Code 99022531 is free. This means that there are no additional customs duties imposed on the import or export of these used compression-ignition engines. The concept of MFN duty rate implies that whenever a country reduces trade barriers or opens up its market, it must do so for all its trading partners.
The quantity unit for HS Code 99022531 is not available (NA). This indicates that the specific unit of measurement for these used compression-ignition engines is not specified or relevant in this context.
Special tariff preference programs refer to trade agreements or arrangements that provide certain benefits or concessions to specific products or countries. These programs aim to promote trade and economic cooperation between nations. However, specific details regarding special tariff preference programs related to HS Code 99022531 are not mentioned in the available data.
While the data provided does not mention the importing and exporting US states for HS Code 99022531, it is important to note that trade between states within a country also falls under the purview of HS codes. The classification and regulations for goods traded within a country are often similar to those for international trade. However, specific state-level regulations and requirements may also apply.
HS Code 99022531 is used to categorize and classify used compression-ignition engines intended for installation in vehicles falling under subheading 8701.20 or heading 8704. The bound or MFN duty rate for this HS code is free, indicating no additional customs duties. The quantity unit is not available (NA), and the data does not provide information on special tariff preference programs or the importing and exporting US states related to this HS code.