The HS Code 99023249 refers to the product 11-Aminoundecanoic acid, which is identified by its Chemical Abstracts Service (CAS) number 2432-99-7. This product is classified under subheading 2922.49.40. In this article, we will delve into the details of this HS code, its product description, duty rates, quantity units, and special tariff preference programs.
11-Aminoundecanoic acid is a chemical compound used in various industries, including pharmaceuticals, cosmetics, and polymers. It is primarily employed in the production of nylon-11, a high-performance polymer with applications in the automotive, electrical, and textile sectors. As an intermediate chemical, 11-Aminoundecanoic acid plays a crucial role in the synthesis of nylon-11 by reacting with other compounds.
The bound / most-favored-nation (MFN) duty rate for HS Code 99023249 is 2.6%. This duty rate is applicable whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment. The 2.6% duty rate is imposed on the importation of 11-Aminoundecanoic acid into the country.
Unfortunately, the quantity unit for HS Code 99023249 is not available (NA). The absence of a specific quantity unit suggests that the measurement for this product may vary depending on the specific needs of the importer or the supplier. It is advisable to consult with the respective authorities or trade partners to determine the appropriate quantity unit for the import or export of 11-Aminoundecanoic acid.
Special tariff preference programs may exist for the importation or exportation of HS Code 99023249. These programs aim to promote trade, economic growth, and development by granting preferential treatment to certain countries or regions. Examples of such programs include free trade agreements (FTAs), regional trade agreements (RTAs), and preferential trade agreements (PTAs). Importing and exporting US states may have specific trade agreements or programs that offer reduced duty rates or other trade benefits for 11-Aminoundecanoic acid.
It is essential for importers and exporters to stay updated on the latest trade agreements and programs to maximize their trade advantages. Consultation with trade authorities, such as customs agencies or trade promotion organizations, can provide valuable information on available special tariff preference programs for HS Code 99023249.
HS Code 99023249 represents the product 11-Aminoundecanoic acid, a chemical compound with significant applications in various industries. This article provided an extensive overview of the HS code, including its product description, bound / MFN duty rate, quantity unit, and special tariff preference programs. Understanding these details is crucial for businesses engaging in international trade and can help them navigate the complexities of customs regulations and trade agreements.