When it comes to international trade, HS codes play a crucial role in facilitating smooth and efficient transactions. They are used to classify and identify specific products or goods for import and export purposes. One such HS code, 99022566, corresponds to compounds specified by CAS number 220459-70-1.
The product description for HS code 99022566 states that it encompasses compounds specified by CAS number 220459-70-1, which are provided for in subheading 3809.92.50. This information allows customs officials and traders to easily identify and categorize these specific compounds, ensuring accurate and efficient trade documentation and clearance processes.
But what exactly are these compounds specified by CAS number 220459-70-1? CAS number stands for Chemical Abstracts Service number, which is a unique identifier assigned to chemical substances. In this case, the compounds specified by CAS number 220459-70-1 refer to a specific group of chemicals that have been classified under this code.
It is important to note that HS codes are not only used for customs and trade purposes but also play a significant role in tariff determination. The bound or MFN (Most Favored Nation) duty rate for HS code 99022566 is 1.1%. This means that every time 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, including compounds specified by CAS number 220459-70-1.
Unfortunately, the quantity unit for HS code 99022566 is not available (NA), which implies that the specific unit of measurement for these compounds is not specified or standardized. This information could be relevant for importers and exporters to accurately determine the quantity and value of the goods being traded.
Furthermore, HS codes like 99022566 may also be eligible for special tariff preference programs. These programs are designed to promote trade and economic cooperation between countries by offering preferential treatment, such as reduced tariffs or exemptions, to certain products or goods. Importing and exporting US states may have different regulations and requirements regarding these special tariff preference programs for compounds specified by CAS number 220459-70-1.
HS code 99022566 pertains to compounds specified by CAS number 220459-70-1, which are classified under subheading 3809.92.50. These compounds are subject to a bound or MFN duty rate of 1.1% and their specific quantity unit is not available (NA). Importing and exporting US states may also have different regulations regarding special tariff preference programs for this HS code. Understanding and correctly applying HS codes like 99022566 is essential for efficient and compliant international trade.