The Harmonized System (HS) is an internationally recognized system for classifying products in international trade. Each product is assigned a unique HS code, which is used by customs authorities to determine the appropriate tariff and regulatory requirements for that product. In this article, we will delve into the details of HS Code 99022359, specifically focusing on the product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 99022359 refers to the product 5-Chloro-3-hydroxy-2-methyl-2-naphthanilide, also known by its CAS number 135-63-7. This chemical compound falls under the subheading 2924.29.36 of the HS system. The subheading provides a more specific classification for this particular product, aiding in its identification during customs procedures.
5-Chloro-3-hydroxy-2-methyl-2-naphthanilide is widely used in various industries, including pharmaceuticals, dyes, and pigments. It possesses unique properties that make it suitable for applications such as organic synthesis and as an intermediate in the production of other chemicals.
The bound duty rate for HS Code 99022359 is free. This means that no import duties or taxes are levied on this product when it enters a country. The bound duty rate is the maximum rate established by a country and is applicable to all trading partners. It ensures that the country cannot increase tariffs above this maximum level.
The Most Favored Nation (MFN) duty rate is the actual rate applied to imports. In the case of HS Code 99022359, the MFN duty rate is also free. This indicates that the importing country has granted the same preferential treatment to all its trading partners by not imposing any tariffs on this product.
The quantity unit for HS Code 99022359 is not available (NA). This means that the specific unit of measurement for this product is not specified in the HS system. To determine the quantity of this product, alternative units of measurement or industry-specific standards may be used.
Special tariff preference programs are arrangements between countries or groups of countries that provide preferential treatment to certain products during trade. These programs aim to promote economic cooperation and development among participating nations.
For HS Code 99022359, specific special tariff preference programs may be applicable depending on the countries involved in the trade. These programs could include free trade agreements, regional trade blocs, or bilateral agreements that offer reduced or eliminated tariffs on this product. It is important for importers and exporters to be aware of such programs to take advantage of the potential cost savings or market access opportunities they offer.
HS Code 99022359 represents the product 5-Chloro-3-hydroxy-2-methyl-2-naphthanilide. This chemical compound is used in various industries and is classified under subheading 2924.29.36. It is subject to a bound and MFN duty rate of free, meaning no import duties are imposed. The quantity unit for this product is not available, and special tariff preference programs may be applicable based on the countries involved in the trade. Understanding these details is essential for importers and exporters to navigate the complexities of international trade.