Cyfluthrin, classified under HS Code 99020254, is a chemical compound commonly used as an insecticide. It is identified by its CAS number 68359-37-5 and falls under the subheading 2926.90.30 in the Harmonized System (HS) Code.
The HS Code is an international standard for classifying products traded across borders. Each HS Code is a unique identifier that helps customs authorities and traders to accurately categorize and track goods during import and export processes. It plays a crucial role in facilitating international trade and ensuring uniformity in trade regulations.
When importing or exporting products, it is essential to correctly identify their HS Code to comply with customs regulations and determine the applicable duties and taxes. In the case of Cyfluthrin, its HS Code 99020254 allows customs authorities to identify and regulate its trade.
The bound duty rate for Cyfluthrin under the Most Favored Nation (MFN) principle is 4.8%. The MFN principle states that whenever 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 ensures equal treatment and non-discrimination among trading partners.
Unfortunately, the quantity unit for Cyfluthrin is not available (NA) in the provided data. However, it is important to note that the quantity unit is a crucial factor in determining the import or export volume of a product. It helps in calculating customs duties and assessing the economic impact of trade.
Regarding special tariff preference programs, no change has been mentioned in the data provided. Special tariff preference programs, such as free trade agreements or preferential trade arrangements, can provide reduced or eliminated duties for specific products traded between participating countries. However, without further information, it is unclear if any such programs apply to the import or export of Cyfluthrin.
When it comes to importing Cyfluthrin into the United States, the data does not specify the states involved in the import process. Similarly, the exporting US states are not mentioned. However, it is worth noting that the HS Code provides a standardized classification system that is universally applicable, regardless of the specific states or countries involved in the trade.
HS Code 99020254 represents Cyfluthrin, an insecticide commonly used in various industries. The HS Code allows for accurate identification, classification, and regulation of the product during import and export processes. Understanding the HS Code and its associated details is essential for complying with customs regulations, determining duties and taxes, and facilitating smooth international trade.