The Harmonized System (HS) is an international product classification system used by customs authorities around the world to identify and categorize goods for customs purposes. Each HS code represents a specific product or group of products. In this article, we will explore HS Code 99024073, which relates to CAS 1205-17-0.
CAS 1205-17-0 is a specific chemical compound that falls under subheading 2932.99.70 of the HS code. This subheading pertains to other heterocyclic compounds with oxygen hetero-atom(s) only. CAS 1205-17-0 is a unique chemical with its own distinct properties and applications.
One important aspect to consider when importing or exporting goods is the bound / MFN (Most Favored Nation) duty rate. The bound duty rate is the maximum customs duty rate that a country can impose on a specific product. The MFN duty rate, on the other hand, is the actual duty rate applied to imports. In the case of HS Code 99024073, the bound / MFN duty rate is free. This means that there are no customs duties imposed on imports or exports of CAS 1205-17-0.
It is worth noting that the bound / MFN duty rate is applicable to all countries equally. This principle is known as the principle of non-discrimination in international trade. It ensures that when 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 promotes fair and equal treatment among trading nations.
Unfortunately, the specific quantity unit for CAS 1205-17-0 is not available (NA). This information is typically provided to determine the measurement and pricing of the product. However, the absence of this information does not affect the classification or import/export procedures related to HS Code 99024073.
There are also special tariff preference programs that can affect the import/export of goods under HS Code 99024073. These programs provide certain benefits, such as reduced or eliminated customs duties, to eligible products from specific countries. Importing and exporting US states may have different regulations and requirements for CAS 1205-17-0, so it is important to consult the relevant authorities or trade agreements for accurate and up-to-date information.
HS Code 99024073 represents CAS 1205-17-0, a chemical compound categorized under subheading 2932.99.70 of the Harmonized System. This HS code is associated with a bound / MFN duty rate of free, indicating no customs duties on imports or exports. The quantity unit for CAS 1205-17-0 is not available, but this does not affect the classification or import/export procedures. Additionally, special tariff preference programs may impact the import/export of this product. It is essential to stay informed about the specific regulations and requirements of importing and exporting US states for CAS 1205-17-0.