Cyclopentanone, classified under the HS Code 99021102, is a chemical compound with the CAS number 120-92-3. It falls under the subheading 2914.29.50, which is specific to this product. In this article, we will delve into the various aspects of Cyclopentanone, including its uses, trade regulations, and special tariff preference programs.
Cyclopentanone is an organic compound with a five-membered ring structure. It is a colorless liquid with a distinct odor. This compound finds applications in various industries, including pharmaceuticals, agrochemicals, and perfumery. Cyclopentanone is used as a solvent, intermediate, and reagent in chemical synthesis.
The HS Code 99021102 specifically identifies Cyclopentanone for international trade purposes. This code is essential for customs and regulatory authorities to classify and track the import and export of this chemical compound. It ensures consistency in trade documentation and enables efficient customs clearance processes.
The Bound / MFN (Most Favored Nation) duty rate for Cyclopentanone is 1.7%. This rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of tariffs and duties.
The quantity unit for Cyclopentanone is not available (NA). The absence of a specific unit implies that the quantity can vary based on the requirements of the importing or exporting parties. It is crucial to determine the quantity accurately to comply with trade regulations and facilitate smooth transactions.
Special tariff preference programs provide certain benefits and incentives to encourage international trade. These programs aim to boost economic growth, promote fair trade practices, and support developing countries. While specific programs may vary by country, Cyclopentanone may be eligible for benefits under various schemes based on its intended use and trade agreements.
When importing Cyclopentanone into the United States, it is essential to comply with the regulations of the specific states involved in the trade. Each state may have its own rules and requirements concerning the importation of chemicals, including licensing, labeling, and safety standards.
Similarly, when exporting Cyclopentanone from the United States, exporters must adhere to the regulations of the respective states involved in the trade. It is crucial to ensure compliance with export control laws, documentation requirements, and any specific restrictions or prohibitions imposed by the exporting states.
the HS Code 99021102 categorizes Cyclopentanone for international trade purposes. This article has provided an extensive overview of Cyclopentanone, its uses, trade regulations, and special tariff preference programs. Understanding the HS Code and complying with relevant regulations is crucial for businesses engaged in the import and export of this chemical compound.