The HS Code 99024090 is an important classification code used in international trade to identify specific products. In this article, we will delve into the details of this HS Code and provide a comprehensive understanding of its significance. Additionally, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS Code.
Product Description: CAS 86508-42-1 (in subheading 2921.19.60)
The HS Code 99024090 encompasses a specific product with the CAS number 86508-42-1. This product falls under the subheading 2921.19.60, which further classifies its nature and characteristics. The CAS number is a unique identifier assigned by the Chemical Abstracts Service, providing specific information about the chemical composition and properties of the product.
Bound / MFN Duty Rate: Free
The Bound / MFN (Most Favored Nation) duty rate for the HS Code 99024090 is free. This means that there are no import duties or tariffs levied on this product when it is traded between countries. The concept of MFN treatment ensures that every country must lower trade barriers and open up their markets equally for all trading partners. Therefore, the product classified under this HS Code can be imported or exported without incurring any additional duty costs.
Quantity Unit: Not Available (NA)
Unfortunately, the specific quantity unit for the HS Code 99024090 is not available or specified. The quantity unit is an essential aspect of trade documentation as it determines the measurement or unit of the product being traded. However, in this case, the information is not provided, and further clarification might be required from the relevant trade authorities.
Special Tariff Preference Programs
Special tariff preference programs are initiatives established by countries to promote trade and provide certain benefits to specific products or trading partners. Although specific information regarding the special tariff preference programs associated with the HS Code 99024090 is not available, it is crucial to consider any existing programs that may offer preferential treatment or reduced duties for this product.
Importing US States and Exporting US States
While the HS Code 99024090 is used globally for trade classification, it is essential to understand the specific importing and exporting US states related to this product. Unfortunately, the data provided does not specify the states involved in importing or exporting this product. However, it is crucial to consider the states involved as trade regulations and requirements may vary between different regions within the United States.
the HS Code 99024090 plays a crucial role in classifying and identifying a specific product in international trade. The product description, duty rates, quantity units, and special tariff preference programs associated with this HS Code provide valuable insights for importers, exporters, and trade authorities. It is essential to stay updated with relevant information and consult the appropriate trade authorities for detailed and accurate trade-related information.