In international trade, the Harmonized System (HS) Code plays a crucial role in classifying various products for customs and statistical purposes. Each product is assigned a unique HS Code, which is used by customs authorities to determine the applicable duties and tariffs. In this article, we will delve into the details of HS Code 99024019 and explore its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 99024019 refers to mixtures of alkene polymers with CAS 28553-12-0 and CAS 38640-62-9. These mixtures fall under subheading 3908.90.70, which is a specific category for alkene polymers. Alkene polymers are synthetic materials that possess unique properties, making them suitable for a wide range of applications. They are widely used in industries such as packaging, automotive, construction, and textiles.
Alkene polymers with CAS 28553-12-0 and CAS 38640-62-9 have specific chemical compositions and characteristics that distinguish them from other types of polymers. These mixtures may have specific applications or advantages in certain industries, such as enhanced durability, chemical resistance, or improved performance.
The Bound / Most Favored Nation (MFN) duty rate for HS Code 99024019 is free. This means that there are no applicable duties or tariffs imposed on the import or export of this product. The free duty rate indicates that countries do not levy any additional charges or barriers for the trade of mixtures of alkene polymers with CAS 28553-12-0 and CAS 38640-62-9.
It is important to note that the MFN principle ensures that whenever 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 promotes fair and non-discriminatory trade practices among nations.
In the available data, the quantity unit for HS Code 99024019 is not specified (NA). The absence of a quantity unit suggests that the measurement or reporting of the product quantity is not applicable or not provided in the given information. However, it is essential to consider the quantity unit for accurate trade documentation and logistics purposes when dealing with imports or exports.
Special tariff preference programs are initiatives established by countries to promote trade and economic cooperation. These programs provide specific tariff preferences, such as reduced or zero-duty rates, for certain products or trading partners. However, the available data does not indicate any special tariff preference programs specifically applicable to HS Code 99024019.
It is worth mentioning that various countries and regional blocs have implemented numerous tariff preference programs to foster trade relations and support specific industries or development objectives. These programs often require compliance with certain rules of origin or product-specific criteria to qualify for the preferential tariff treatment.
HS Code 99024019 represents mixtures of alkene polymers with CAS 28553-12-0 and CAS 38640-62-9. This unique classification allows customs authorities to identify and regulate the trade of these specific mixtures. The product falls under subheading 3908.90.70, indicating its association with alkene polymers. The bound / MFN duty rate for this HS Code is free, indicating no applicable duties or tariffs. While the quantity unit is not available in the provided data, it is crucial to consider the quantity unit for accurate trade documentation. Lastly, there are no mentioned special tariff preference programs specifically applicable to HS Code 99024019 in the available information.