The HS Code 99022393 refers to a specific product, which is a mixture of 2-butyl-2-ethylpropane-1,3-diol (CAS No. 115-84-4) and neopentyl glycol (CAS No. 126-30-7). This product is provided in the subheading 3824.90.92.
Understanding the HS Code system is essential for international trade as it helps in classifying products for customs and statistical purposes. The HS Code is a standardized system developed by the World Customs Organization (WCO) to facilitate the identification and categorization of goods traded across borders.
The HS Code 99022393 falls under Chapter 99 of the Harmonized System, which covers various special classification provisions. This code is specific to the mixture mentioned above and allows for accurate identification and tracking of the product during import and export procedures.
One important aspect associated with the HS Code is the bound and Most Favored Nation (MFN) duty rates. The bound duty rate refers to the maximum tariff rate that a country can impose on a particular product. In contrast, the MFN duty rate is the rate applied to a product when traded between most favored nations, which are countries that have mutually agreed to treat each other equally in terms of trade.
In the case of HS Code 99022393, the bound and MFN duty rates are free. This means that there are no tariffs or trade barriers imposed on the import or export of this product. This is beneficial for businesses involved in international trade, as it allows for smoother transactions and encourages market openness.
It is important to note that the quantity unit for this particular HS Code is not available (NA). This indicates that the specific unit of measurement for the product is not specified or may vary depending on the context or trade agreement.
There are also special tariff preference programs that may be applicable to HS Code 99022393. These programs provide certain benefits, such as reduced or zero tariffs, to eligible products from specific countries or regions. These programs aim to promote trade and economic cooperation between countries and can be advantageous for businesses seeking to import or export goods.
When it comes to importing HS Code 99022393 into the United States, the exporting US states may vary depending on the specific trade agreements and business relationships between the countries involved. Similarly, the exporting US states may change based on the demand and supply dynamics of the product in the market.
HS Code 99022393 represents a mixture of 2-butyl-2-ethylpropane-1,3-diol and neopentyl glycol. This code plays a crucial role in accurately classifying and tracking the product during international trade. The bound and MFN duty rates for this HS Code are free, indicating no tariffs or trade barriers. Understanding the HS Code system and its associated details is essential for businesses engaged in import and export activities.