When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products. Each product is assigned a unique HS Code, which helps streamline the global trade process. In this article, we will explore the HS Code 99024049, specifically focusing on its product description, duty rates, quantity unit, and special tariff preference programs.
The HS Code 99024049 refers to Yellow 746 inkjet printing ink. This ink is categorized under subheading 3215.19.00.60, which falls under the broader heading of printing ink, writing or drawing ink, and other inks.
Yellow 746 inkjet printing ink is widely used in the printing industry, specifically in inkjet printers. It is known for its vibrant yellow color and its ability to produce high-quality prints. This ink is formulated to ensure optimal performance and compatibility with various printing substrates.
The bound / Most Favored Nation (MFN) duty rate for HS Code 99024049 is 0.3%. The MFN duty rate is the rate applied to a product when a country lowers a trade barrier or opens up its market. It is important to note that this duty rate applies uniformly to the same goods or services from all trading partners of a country.
The duty rate is calculated based on the value of the imported goods and is payable by the importer. It serves as a means to protect domestic industries, generate revenue for the government, and regulate international trade.
Unfortunately, the specific quantity unit for HS Code 99024049 is not available (NA). The quantity unit typically refers to the unit of measurement used to quantify the imported or exported goods. In this case, the information regarding the quantity unit is not provided, which may vary depending on the packaging or market requirements.
Special tariff preference programs are trade agreements or arrangements that provide certain benefits or concessions to eligible countries or products. These programs aim to promote economic development, enhance market access, and foster international cooperation.
While the specific special tariff preference programs applicable to HS Code 99024049 are not mentioned, it is worth noting that various countries and trading blocs have established such programs. These programs can include preferential duty rates, duty exemptions, or simplified customs procedures for eligible products.
To determine if Yellow 746 inkjet printing ink qualifies for any special tariff preference programs, importers and exporters should consult the relevant trade agreements, regional trade blocs, or national customs authorities.
the HS Code 99024049 is assigned to Yellow 746 inkjet printing ink. This ink is widely used for its vibrant yellow color and compatibility with inkjet printers. Importers and exporters should be aware of the duty rates, which currently stand at 0.3%, and any special tariff preference programs that may apply. By understanding the HS Code system and its associated information, businesses can navigate the complexities of international trade more effectively.