In international trade, products are classified using the Harmonized System (HS) code, a standardized system of names and numbers used to classify traded products. HS Code 99024089 specifically refers to a product with the CAS (Chemical Abstracts Service) number 86508-42-1, which falls under subheading 2934.99.90.
The CAS number is a unique identifier assigned to chemical substances, making it easier to track and classify them. Subheading 2934.99.90 is a more specific classification within the broader category of 2934, which encompasses heterocyclic compounds.
When it comes to international trade, tariff rates play a crucial role. The bound or most-favored-nation (MFN) duty rate for HS Code 99024089 is free. This means that there are no import duties imposed on this specific product when it enters a country. The MFN principle ensures that trade barriers are lowered or market access is opened up equally for all trading partners.
It is worth noting that the quantity unit for this particular HS code is not available (NA). This information indicates that the specific unit of measurement for this product may vary depending on the context or trade terms.
Furthermore, HS Code 99024089 may also be eligible for special tariff preference programs. These programs are designed to promote trade and provide benefits to certain countries or regions. Importing and exporting US states may have different regulations and requirements when it comes to HS Code 99024089.
For importers and exporters, it is essential to stay informed about the relevant regulations and tariff preferences associated with their products. Compliance with these regulations ensures smooth trade transactions and helps businesses take advantage of any available benefits or incentives.
HS Code 99024089 refers to a specific product with the CAS number 86508-42-1. This product falls under subheading 2934.99.90, which is part of the broader category of heterocyclic compounds. The bound or MFN duty rate for this HS code is free, indicating that there are no import duties imposed on this product. However, it is crucial to consider any special tariff preference programs that may apply, as well as the specific regulations of importing and exporting US states.