The HS Code 99022923 refers to the product 2-Methyl-5-nitrobenzenesulfonic acid, which is identified by the CAS number 121-03-9. This code is classified under the subheading 2904.90.20.
2-Methyl-5-nitrobenzenesulfonic acid is a chemical compound that is commonly used in various industries such as pharmaceuticals, dyes, and pigments. It is primarily utilized as an intermediate in the synthesis of organic compounds.
When it comes to trade, the HS Code plays a crucial role in identifying and classifying products for import and export purposes. It is an internationally recognized system that is used by customs authorities to ensure proper categorization of goods for taxation, statistical analysis, and regulatory purposes.
The bound or Most Favored Nation (MFN) duty rate for the HS Code 99022923 is free. This means that there are no additional duties or tariffs imposed on the import or export of this product. The free duty rate is applicable whenever 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.
Unfortunately, the quantity unit for this product is not available (NA). However, it is essential to note that the quantity unit is crucial in determining the volume or weight of the product being imported or exported.
Special tariff preference programs may also be applicable to the import or export of 2-Methyl-5-nitrobenzenesulfonic acid. These programs provide certain benefits or exemptions to specific countries or regions, promoting trade and economic cooperation.
When it comes to importing this product into the United States, it is essential to check the specific regulations and requirements of the importing US states. Each state may have its own set of rules and restrictions regarding the importation of chemicals.
Similarly, when exporting 2-Methyl-5-nitrobenzenesulfonic acid from the United States, it is crucial to consider the regulations and requirements of the exporting US states. Compliance with these regulations ensures smooth and legal trade operations.
the HS Code 99022923 refers to 2-Methyl-5-nitrobenzenesulfonic acid, a chemical compound used in various industries. The code is essential for the proper classification and identification of products in international trade. The bound or MFN duty rate for this HS Code is free, and special tariff preference programs may apply. Importing and exporting this product require compliance with the regulations and requirements of the importing and exporting US states.