The HS Code 99024037 is an important code used in international trade to classify and identify specific products. In this article, we will explore the details of this particular HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product associated with HS Code 99024037 is CAS 28785-06-0, which falls under the subheading 2912.29.60. This product is identified by its unique chemical composition and is used in various industries for different purposes. The CAS number (Chemical Abstracts Service) is a globally recognized identification system for chemical substances.
It is important to note that the HS Code system provides a standardized classification for products traded internationally. This allows countries to easily identify and categorize goods for customs and regulatory purposes.
The bound or most-favored-nation (MFN) duty rate associated with HS Code 99024037 is free. This means that no duty or tariff is imposed on the import or export of this specific product. The concept of MFN is based on the principle of non-discrimination in international trade. It ensures that all trading partners are treated equally and no preferential treatment is given to any specific country.
When a country lowers a trade barrier or opens up its market, it is required to do so for the same goods or services from all its trading partners. This promotes fair competition and helps create a level playing field for businesses operating in the global marketplace.
The quantity unit for HS Code 99024037 is not available (NA). This means that the specific product associated with this code is not measured or traded based on a standardized quantity unit. The absence of a quantity unit indicates that the product may be traded in a different manner, such as by volume, weight, or other relevant metrics.
There are various special tariff preference programs that countries may offer for specific products or industries. These programs aim to promote trade, economic growth, and development by providing preferential treatment to eligible countries or products.
Unfortunately, specific information regarding special tariff preference programs for HS Code 99024037 is not available. It is advisable for businesses and traders to consult with relevant trade authorities or seek professional advice to determine if any special programs or benefits apply to their specific trade transactions related to this HS Code.
The HS Code 99024037 plays a crucial role in international trade by accurately classifying and identifying specific products. In this article, we have discussed the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code. It is important for businesses and traders to understand these details to ensure compliance with customs regulations and to take advantage of any available trade benefits.
Please note that the information provided in this article serves as a general guide and it is recommended to consult official trade documentation, customs authorities, or trade professionals for accurate and up-to-date information related to HS Code 99024037.