Allyl pentaerythritol, classified under HS Code 99022391, is a chemical compound with the CAS No. 91648-24-7. It falls under the subheading 2909.49.60 in the Harmonized System (HS) classification. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
Allyl pentaerythritol is a compound used in various industries, including the manufacturing of adhesives, coatings, and resins. It is a versatile chemical that offers excellent properties such as high reactivity, thermal stability, and resistance to chemicals. This compound plays a crucial role in the production of specialty chemicals and is widely used in the formulation of advanced materials.
In international trade, the bound or most-favored-nation (MFN) duty rate refers to the tariff rate applied to imported goods. The duty rate for HS Code 99022391 is free. This means that there are no tariffs imposed on the import of allyl pentaerythritol. Free duty rates are beneficial for importers as they reduce the cost of bringing goods into a country.
It is important to note that the bound or MFN duty rate applies uniformly to all trading partners of a country. Whenever 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 principle of non-discrimination ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 99022391 is not available (NA). This indicates that the specific unit of measurement for allyl pentaerythritol is not defined or specified in the HS classification. However, importers and exporters need to provide accurate quantity information to facilitate customs clearance and ensure compliance with trade regulations.
Special tariff preference programs are trade agreements or arrangements that provide preferential treatment to certain products or countries. These programs aim to promote economic cooperation, enhance market access, and foster international trade relationships. However, it is important to note that the availability of special tariff preference programs may vary depending on the specific country and its trade agreements.
For HS Code 99022391, the utilization of special tariff preference programs would depend on the importing and exporting countries involved. Importing US states and exporting US states may have specific programs or agreements in place that offer reduced or zero tariffs for allyl pentaerythritol imports. It is advisable for businesses to consult with trade authorities or seek professional advice to determine the eligibility and benefits of such programs.
HS Code 99022391 represents allyl pentaerythritol, a versatile chemical compound used in various industries. The bound or MFN duty rate for this HS code is free, indicating no tariffs on imports. The quantity unit for this product is not available, and the availability of special tariff preference programs may vary depending on the specific countries involved in the trade. Understanding the details and implications of HS Code 99022391 is essential for importers, exporters, and businesses engaged in international trade.