Diisopropyl succinate is a chemical compound with the CAS number 924-88-9. It falls under the subheading 2917.19.70 in the Harmonized System (HS) code, specifically labeled as Diisopropyl succinate. This HS code is used for the classification and identification of goods in international trade.
When it comes to international trade, the HS code plays a crucial role in ensuring that goods are properly classified and regulated. It provides a standardized system for customs authorities to identify and classify products, facilitating the smooth movement of goods across borders.
One important aspect to note is that the HS code is used to determine the duty rates applicable to imported or exported goods. In the case of Diisopropyl succinate, the bound/Most Favored Nation (MFN) duty rate is free. This means that there are no additional tariffs imposed on this particular product when it is imported or exported.
The concept of MFN duty rate means that when 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. This principle promotes fair and non-discriminatory trade practices, ensuring that all countries are treated equally in terms of trade opportunities.
It is worth mentioning that the specific quantity unit for Diisopropyl succinate is not available (NA). This information could vary depending on the specific requirements and regulations of each country involved in the trade.
In addition to the duty rates, there are also special tariff preference programs that can affect the import or export of goods. These programs are designed to provide certain benefits or advantages to specific countries or regions, promoting economic cooperation and development.
When importing Diisopropyl succinate into the United States, it is important to consider the specific regulations and requirements imposed by individual states. Different states may have varying rules and procedures for the importation of chemicals, ensuring compliance with safety and environmental standards.
On the other hand, when exporting Diisopropyl succinate from the United States, it is essential to be aware of the regulations and requirements imposed by the destination country. Each country may have its own set of regulations regarding the importation of chemicals, ensuring compliance with local laws and standards.
In summary, HS Code 99022522 refers to Diisopropyl succinate, a chemical compound used in various industries. The HS code provides a standardized system for the classification and regulation of goods in international trade. As for this specific product, it is duty-free, meaning that no additional tariffs are imposed. However, it is important to consider the specific regulations and requirements of individual states or countries when importing or exporting Diisopropyl succinate.