In international trade, the Harmonized System (HS) Code is a standardized system used to classify and identify goods. Each HS Code corresponds to a specific product, allowing for uniformity and clarity in trade documentation. One such HS Code is 99022993, which pertains to the product description of 4-(Cyclopropyl-a-hydroxymethylene)-3,5-dioxo-cyclohexanecarboxylic acid, ethyl ester (CAS No. 95266-40-3) (provided for in 2918.90.50).
The HS Code 99022993 is used to classify this particular chemical compound when it is imported or exported. Let's explore this HS Code further and understand its significance in international trade.
The product description associated with HS Code 99022993 is 4-(Cyclopropyl-a-hydroxymethylene)-3,5-dioxo-cyclohexanecarboxylic acid, ethyl ester. This chemical compound is identified by its CAS number, which is 95266-40-3. CAS numbers are unique identifiers assigned to specific chemical substances.
It is important to note that this product is provided for in the 2918.90.50 tariff classification. This classification further specifies the category of goods to which the product belongs. In this case, it falls under the broader category of carboxylic acids and their anhydrides, halides, peroxides, and peroxyacids; their halogenated, sulphonated, nitrated, or nitrosated derivatives.
The bound / MFN (Most Favored Nation) duty rate refers to the tariff rate applied to a specific product when it is imported or exported. In the case of HS Code 99022993, the bound / MFN duty rate is free. This means that there is no tariff imposed on this product when it crosses international borders.
It is worth mentioning that the bound / MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners receive equal treatment, promoting fair and non-discriminatory trade practices.
The quantity unit associated with HS Code 99022993 is not available (NA). This indicates that the specific unit of measurement for this product is not specified or may vary depending on the context or trade agreement.
Special tariff preference programs are designed to provide certain benefits or concessions to eligible countries or products based on specific criteria. While the available data does not mention any special tariff preference programs related to HS Code 99022993, it is essential to stay updated on any relevant trade agreements or preferential trade initiatives that may affect the import or export of this product.
The importing and exporting of goods under HS Code 99022993 can involve various US states. Importing states refer to the states where the product is being brought into, while exporting states are the states from which the product originates.
Unfortunately, the provided data does not specify the exact importing and exporting US states associated with HS Code 99022993. However, it is crucial to consider the potential geographical distribution and trade patterns of this product, as it plays a significant role in international commerce.
HS Code 99022993 is used to classify and identify the chemical compound 4-(Cyclopropyl-a-hydroxymethylene)-3,5-dioxo-cyclohexanecarboxylic acid, ethyl ester (CAS No. 95266-40-3). This HS Code is essential for trade documentation and facilitates the smooth flow of goods across international borders. Understanding the product description, duty rates, quantity units, and any special tariff preference programs associated with HS Code 99022993 is crucial for importers, exporters, and trade authorities.