The HS Code 99024040 refers to a specific product: Black 820 inkjet printing ink. This ink is classified under subheading 3215.11.00. In this article, we will delve into the details of this HS code, its product description, and relevant information related to its import and export.
The HS Code 99024040 specifically represents Black 820 inkjet printing ink. Inkjet printing inks are widely used in various industries for printing purposes. The black 820 inkjet printing ink is known for its high-quality and reliability. It is commonly used in the production of documents, labels, packaging materials, and more.
In terms of classification, the ink is categorized under subheading 3215.11.00. This subheading further classifies the ink based on its specific properties and composition. Being aware of the subheading is crucial for importers and exporters to ensure proper classification and compliance with customs regulations.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99024040 is 0.3%. The MFN duty rate refers to the rate applied when a country lowers a trade barrier or opens up a market. It states that once a country reduces trade barriers or opens its market for a specific product, it must apply the same duty rate for that product from all its trading partners.
This duty rate is important for importers and exporters to calculate the cost implications of importing or exporting the Black 820 inkjet printing ink. It helps them determine the overall cost of the product and plan their pricing strategies accordingly.
The quantity unit for HS Code 99024040 is not available (NA). The absence of a specific quantity unit suggests that the ink is usually measured or sold based on other factors such as volume or weight. Importers and exporters dealing with this product should consider the appropriate unit of measurement for accurate trade transactions.
Special tariff preference programs may exist for the import or export of the Black 820 inkjet printing ink under HS Code 99024040. These programs are designed to provide certain benefits or concessions to eligible countries or regions. Such programs could include free trade agreements, preferential trade agreements, or regional trade agreements.
Importing and exporting US states may have different policies and regulations regarding the Black 820 inkjet printing ink. It is essential for traders to familiarize themselves with the specific requirements of each state to ensure smooth customs clearance and compliance.
The HS Code 99024040 represents the product Black 820 inkjet printing ink. This ink is widely used in various industries and is classified under subheading 3215.11.00. Importers and exporters should be aware of the bound / MFN duty rate of 0.3% and consider any special tariff preference programs that may be applicable.
Understanding the details of the HS code and its associated product description is crucial for efficient international trade. Adhering to the proper classification, duty rates, and regulatory requirements ensures a smooth and compliant import or export process for the Black 820 inkjet printing ink.