The HS Code 99120413 relates to a specific product description known as MA goods in subheading 0403.90.78 above note 5 TRQ. This code is used internationally to classify and identify goods for import and export purposes. In this article, we will delve into the details of this HS Code, including its significance, duty rates, quantity unit, and special tariff preference programs.
The product description associated with HS Code 99120413 is MA goods in subheading 0403.90.78 above note 5 TRQ. This description provides important information about the nature and classification of the goods being traded. Subheading 0403.90.78 points to a specific category of products, while the mention of "MA goods" indicates a specific type or quality within that subheading. The inclusion of "above note 5 TRQ" suggests that there may be additional regulations or restrictions on these goods.
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 is known as the Bound / MFN (Most Favored Nation) duty rate. The Bound / MFN duty rate ensures fairness and non-discrimination in international trade. It means that if a country reduces tariffs or other trade barriers for a specific product, it must apply the same treatment to all its trading partners.
The quantity unit for HS Code 99120413 is not available (NA). This means that the specific unit of measurement for the goods associated with this code is not provided or may vary depending on the context. It is important for importers and exporters to clarify the quantity unit when dealing with goods classified under this HS Code in order to ensure accurate trade transactions.
HS Code 99120413 is eligible for a special tariff preference program with a rate of $1.20/kg (MA). This means that specific conditions or agreements have been established between countries to provide preferential treatment in terms of tariffs for these goods. In the case of this HS Code, the special rate of $1.20/kg applies to trade between Morocco (MA) and other countries.
Special tariff preference programs are designed to promote trade and economic cooperation between nations. They often aim to support specific industries, foster regional integration, or provide incentives for certain trading partners. Importers and exporters should be aware of the special tariff rates applicable to HS Code 99120413 when engaging in trade activities with relevant countries.
HS Code 99120413 can be used for importing and exporting goods to and from various US states. The specific states involved in these trade transactions may vary depending on the nature of the goods and the trading partners involved. It is important for businesses to be familiar with the regulations and requirements of both the importing and exporting US states when dealing with HS Code 99120413.
HS Code 99120413 represents MA goods in subheading 0403.90.78 above note 5 TRQ. This code provides a standardized classification for international trade purposes. Understanding the associated duty rates, quantity unit, and special tariff preference programs is crucial for businesses engaged in import and export activities. By adhering to the regulations and taking advantage of the available tariff preferences, businesses can navigate the complexities of international trade more effectively.