The HS Code 99022304 refers to the import and export of Yttrium Oxide and Europium Oxide. Yttrium oxide, with the CAS No. 1314-36-9, and europium oxide, with the CAS No. 1308-96-9, are the primary components of this product. It is important to note that this HS Code specifically covers mixtures containing at least 90% yttrium oxide and falls under the category of 2846.90.80.
HS Codes, also known as Harmonized System Codes, are internationally standardized codes used to classify and categorize traded products. These codes are essential for customs authorities and traders to ensure accurate identification and proper documentation of goods during import and export processes.
The HS Code 99022304 is specifically assigned to Yttrium Oxide and Europium Oxide. By referencing this code, it becomes easier for customs officials and traders to identify the nature and composition of the product being imported or exported.
Yttrium oxide, also known as yttria, is an inorganic compound with the chemical formula Y2O3. It is a white solid substance that is highly insoluble in water. Yttrium oxide finds applications in various industries, including ceramics, electronics, and optical devices.
Europium oxide, on the other hand, is an inorganic compound with the chemical formula Eu2O3. It is also a white solid substance and is insoluble in water. Europium oxide is primarily used in the production of phosphors, which are essential components in fluorescent lamps, cathode-ray tubes, and other display devices.
When importing or exporting goods, it is important to consider the Bound / Most Favored Nation (MFN) Duty Rate. This rate determines the tariff or duty applied to the product. The principle of Most Favored Nation means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
Unfortunately, the specific duty rate for HS Code 99022304 is not available in the provided data. It is essential for importers and exporters to consult the relevant customs authorities or trade organizations to determine the applicable duty rate for this product.
Special tariff preference programs are initiatives implemented by countries to provide certain benefits and incentives to specific products. These programs aim to promote trade, economic growth, and cooperation between nations. However, the data provided does not specify any special tariff preference programs applicable to HS Code 99022304.
HS Code 99022304 is relevant to both importing and exporting US states. This means that any state within the United States can engage in the import or export of Yttrium Oxide and Europium Oxide under this HS Code.
It is important for businesses and individuals involved in the import or export of these substances to comply with the relevant regulations, licensing requirements, and documentation procedures set by the US government and international trade agreements.
HS Code 99022304 covers the import and export of Yttrium Oxide and Europium Oxide, specifically mixtures containing at least 90% yttrium oxide. These substances find applications in various industries and are essential components for the production of ceramics, electronics, and optical devices.
While the specific duty rate and special tariff preference programs are not provided in the data, importers and exporters should consult the customs authorities and trade organizations to determine the applicable rates and any available incentives.
Overall, understanding and correctly referencing HS codes are crucial for international trade, ensuring proper identification, and facilitating smooth import and export processes.