The HS Code 99022241 refers to the product Isobutyl 4-hydroxybenzoate and its sodium salt. Isobutyl 4-hydroxybenzoate, also known as isobutyl paraben, is a chemical compound commonly used as a preservative in various industries, including cosmetics, pharmaceuticals, and food. Its sodium salt form is often used for its enhanced solubility properties.
The CAS (Chemical Abstracts Service) numbers associated with these substances are as follows: Isobutyl 4-hydroxybenzoate (CAS No. 4247-02-3) and its sodium salt (CAS No. 84930-15-4).
These substances are classified under subheading 2918.29.65 of the HS Code, which specifically covers esters of para-hydroxybenzoic acid. The HS Code is an internationally standardized system for classifying traded goods, facilitating customs procedures, and collecting trade statistics.
The bound / Most Favored Nation (MFN) duty rate for products classified under HS Code 99022241 is free. This means that there are no import duties or tariffs imposed on these goods when traded between countries. The principle of MFN treatment ensures that countries treat their trading partners equally by applying the same trade barriers or market access conditions to all.
When a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This promotes fair and non-discriminatory trade practices.
Unfortunately, the available data does not specify the quantity unit for products classified under HS Code 99022241. It is important to consider the unit of measurement when dealing with trade statistics and determining the value or volume of imports or exports.
Special tariff preference programs may exist for products classified under HS Code 99022241, depending on the country and the specific trade agreements it has established. These programs aim to provide preferential treatment, such as reduced or eliminated tariffs, to certain goods originating from eligible countries.
Importing and exporting US states play a significant role in international trade. The availability of Isobutyl 4-hydroxybenzoate and its sodium salt in different US states may vary, influencing trade patterns and regional economies. It is essential for businesses and traders to stay informed about the regulations and requirements imposed by individual states.
HS Code 99022241 pertains to Isobutyl 4-hydroxybenzoate and its sodium salt, widely used as a preservative in various industries. The bound / MFN duty rate for these goods is free, promoting equal treatment in international trade. While the quantity unit is not specified in the available data, it is crucial to consider when analyzing trade statistics. Special tariff preference programs and the importing/exporting US states further impact the trade dynamics surrounding these substances.