Methyl Salicylate, also known as wintergreen oil, is an organic compound with the chemical formula C8H8O3. It is commonly used as a fragrance ingredient in various products such as perfumes, soaps, and cosmetics. In this article, we will delve into the details of Methyl Salicylate and its HS code, 99022447.
The HS code 99022447 refers to Methyl Salicylate, which is identified by its CAS number 119-36-8. It falls under the subheading 2918.23.20 of the Harmonized System (HS), which is an international standard for classifying traded products. Methyl Salicylate is primarily used as a flavoring agent and has a characteristic wintergreen odor.
The bound or Most Favored Nation (MFN) duty rate for Methyl Salicylate is free. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This encourages fair and non-discriminatory trade practices among countries.
Unfortunately, the quantity unit for Methyl Salicylate is not available (NA) in the provided data. However, it is commonly traded and used in various industries worldwide.
Methyl Salicylate may be eligible for special tariff preference programs offered by certain countries. These programs aim to promote trade and economic development by granting preferential treatment to specific products from eligible countries. It is advisable for importers and exporters to research and familiarize themselves with these programs to maximize their benefits.
The specific importing and exporting US states for Methyl Salicylate are not mentioned in the provided data. However, being a widely used compound, it is likely to be imported and exported by various states across the United States.
Methyl Salicylate, categorized under HS code 99022447, is a versatile compound used as a fragrance ingredient in various products. Its HS code helps in the classification and tracking of this product during international trade. Understanding the bound duty rate, quantity unit, and special tariff preference programs is crucial for importers and exporters to navigate the global market effectively.