The HS Code 99022916 refers to a specific chemical compound known as 4,4-Dimethoxy-2-butanone. This compound is identified by its CAS number, 5436-21-5, and is classified under subheading 2914.50.50. In this article, we will explore the properties, applications, and special tariff preference programs associated with this HS Code.
4,4-Dimethoxy-2-butanone is a chemical compound used in various industrial applications. It is commonly known by its chemical formula C6H12O3 and is composed of carbon, hydrogen, and oxygen atoms. The compound is characterized by its two methoxy (-OCH3) functional groups attached to a central butanone (C=O) moiety.
The compound's physical properties include a molecular weight of approximately 132.16 g/mol and a boiling point of around 135-137°C. It is a colorless liquid with a sweet, fruity odor. 4,4-Dimethoxy-2-butanone is soluble in organic solvents such as ethanol and acetone.
Due to its unique chemical structure, 4,4-Dimethoxy-2-butanone finds applications in various industries. Some of its common uses include:
According to international trade regulations, countries may impose duties on imported goods. The Bound / MFN (Most Favored Nation) duty rate refers to the maximum tariff rate that a country can impose on a specific product. In the case of 4,4-Dimethoxy-2-butanone, the Bound / MFN duty rate is set at 0%, indicating duty-free importation.
This means that countries importing 4,4-Dimethoxy-2-butanone under HS Code 99022916 do not have to pay any customs duties on the product. This encourages international trade and provides a competitive advantage for manufacturers and businesses utilizing this compound.
Special tariff preference programs are trade agreements or arrangements between countries that provide certain benefits or reduced tariffs for specific products. While there may not be specific programs exclusively dedicated to 4,4-Dimethoxy-2-butanone, it may still benefit from broader trade agreements.
For example, if the country exporting 4,4-Dimethoxy-2-butanone has a free trade agreement (FTA) or a preferential trade agreement (PTA) with the importing country, the compound may enjoy reduced or zero tariffs. These agreements aim to promote economic cooperation and facilitate trade between participating nations.
HS Code 99022916 represents 4,4-Dimethoxy-2-butanone, a versatile chemical compound used in various industries. Its applications range from chemical intermediates to flavor and fragrance ingredients, paints and coatings, and adhesives and sealants. The compound benefits from a Bound / MFN duty rate of 0%, making it an attractive choice for international trade.
While specific special tariff preference programs may not exist for 4,4-Dimethoxy-2-butanone, it may still benefit from broader trade agreements between countries. As global trade continues to evolve, understanding HS codes and their associated products is crucial for businesses and individuals involved in international commerce.