When it comes to international trade, the Harmonized System (HS) plays a crucial role in standardizing the classification and codification of various products. Each HS code represents a specific product or group of products, allowing countries to easily identify and regulate the goods being traded. In this article, we will explore the HS code 99120416 and delve into its product description, duty rates, quantity unit, special tariff preference programs, as well as the importing and exporting US states associated with it.
The HS code 99120416 corresponds to MA goods in subheading 0405.90.20, specifically falling under note 5 of the tariff rate quota (TRQ) system. Subheading 0405.90.20 refers to certain dairy products, including butter and other fats derived from milk. These goods originating from MA (which stands for Morocco) are subject to specific regulations and trade barriers, which we will further explore in the following sections.
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. The duty rate for HS code 99120416 may vary depending on the country and its trade agreements. However, the bound or most-favored-nation (MFN) duty rate ensures that all trading partners are treated equally. In the case of MA goods in subheading 0405.90.20, the specific bound / MFN duty rate can be obtained from the respective country's customs department or trade authorities.
The quantity unit for HS code 99120416 is not available (NA). This means that the specific measurement or unit for the goods under this HS code may not be explicitly defined or required for trade purposes. It is important to consult the relevant trade documentation and regulations to determine the appropriate quantity unit or measurement in the context of importing or exporting MA goods in subheading 0405.90.20.
Special tariff preference programs provide certain benefits or concessions to specific trading partners or regions. For HS code 99120416, the special tariff preference program applicable is $1.36/kg + 6.2% (MA) based on the "Morocco Special Rate." This means that when importing MA goods in subheading 0405.90.20, a tariff rate of $1.36 per kilogram plus an additional 6.2% will be applied. These preferences aim to foster trade relationships and promote economic cooperation between countries.
As an educational article, it is relevant to provide additional information regarding the importing and exporting US states associated with HS code 99120416. However, specific details about these states and their involvement in the import or export of MA goods in subheading 0405.90.20 are not provided in the given data. To obtain accurate information on the importing and exporting US states for this HS code, it is recommended to consult trade databases, customs records, or trade statistics provided by the relevant authorities.
HS code 99120416 represents MA goods in subheading 0405.90.20 above note 5 TRQ. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the involvement of importing and exporting US states can aid in navigating the complexities of international trade and ensuring compliance with trade regulations.