The HS Code 99024092 plays a significant role in international trade as it helps classify and identify specific products. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code.
The product description for HS Code 99024092 is CAS 375-72-4. This code is found in subheadings 2904.10.50 or 2904.90.50. CAS 375-72-4 refers to a specific chemical compound or substance. It is crucial to accurately classify products using HS Codes to ensure proper documentation and compliance with international trade regulations.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99024092 is free. This means that when a country lowers a trade barrier or opens up a market, it must apply the same duty rate of zero to this specific product for all its trading partners. The MFN principle promotes fair and non-discriminatory trade practices among countries.
Unfortunately, the specific quantity unit for HS Code 99024092 is not available (NA). While this information may vary depending on the product, it is essential to understand the quantity unit to accurately determine the volume or quantity of the goods being traded.
Special tariff preference programs are agreements or arrangements between countries that provide preferential treatment for certain goods or services. While specific programs applicable to HS Code 99024092 are not mentioned, it is essential to stay updated with any existing trade agreements or preferences that may affect the duty rates or market access for this product.
The HS Code 99024092 has implications for both importing and exporting US states. When importing goods classified under this HS Code, US states need to follow the applicable customs procedures, including documentation, duties, and regulations. Similarly, when exporting goods under this HS Code, US states must ensure compliance with international trade regulations and leverage any available trade preferences or agreements.
Overall, HS Code 99024092 serves as a vital tool in international trade, facilitating proper product classification, determining duty rates, and ensuring compliance with trade regulations. Staying informed about the specific details and implications of HS Codes is crucial for businesses and governments involved in global trade.