HS Code 99120411 refers to a specific product description, which falls under the subheading 0401.30.75. This code is used for goods that are subject to specific regulations and trade requirements. In this article, we will explore the details of this HS code and its implications for international trade.
The goods identified by HS Code 99120411 are categorized under subheading 0401.30.75. While the specific product is not mentioned, it is important to note that it falls within this particular subheading. This subheading provides a general classification for a specific type of product.
It is worth noting that HS codes are a standardized system used internationally to classify and identify traded goods. These codes help ensure uniformity and clarity in international trade documentation and facilitate the smooth flow of goods across borders.
The bound / MFN duty rate refers to the rate at which import duties are levied on goods classified under HS Code 99120411. The concept of a bound duty rate implies that it cannot be exceeded, providing a level of predictability for traders. The MFN (Most Favored Nation) duty rate ensures that all trading partners are treated equally when it comes to import duties.
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. This principle ensures fair and non-discriminatory trade practices.
Unfortunately, the specific quantity unit for goods classified under HS Code 99120411 is not available (NA). This lack of information regarding the quantity unit may vary depending on the product being classified. It is important for traders to inquire further with relevant authorities or consult specific trade documentation for accurate information on quantity units.
For goods classified under HS Code 99120411, a special tariff preference program is available. The specific rate for this program is $1.20/kg (MA). The abbreviation "MA" stands for Morocco, indicating that this special rate is applicable for imports from Morocco.
Special tariff preference programs are designed to promote trade between specific countries or regions. These programs often involve reduced or preferential tariff rates to encourage trade and economic cooperation.
HS Code 99120411 can be used in the context of trade between various importing and exporting US states. The specific states involved in the import and export of goods under this HS code may vary depending on the nature of the product and the trade patterns observed.
It is important for traders and businesses to be aware of the specific regulations and requirements associated with importing and exporting goods classified under HS Code 99120411. This knowledge will help ensure compliance with relevant customs procedures and facilitate smooth trade transactions.
HS Code 99120411 represents a specific product category falling under subheading 0401.30.75. Understanding the details of this code, including the bound / MFN duty rate, special tariff preference programs, and the importing and exporting US states, is crucial for businesses engaged in international trade. Compliance with the regulations and requirements associated with this HS code will contribute to a successful and efficient trade process.