Milk powder is a widely consumed and traded commodity around the world. It is a versatile product used in various food and beverage applications, making it an essential item in international trade. In order to facilitate the smooth flow of milk powder products across borders, the international community has established a harmonized system of product classification known as the Harmonized System (HS) Code. This article focuses on HS Code 99120420, which specifically pertains to MA goods in subheading 0402.10.50, 0402.21.25, and similar milk powder products.
Product Description:
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate is an important aspect of international trade. It ensures that 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. However, the specific duty rate for HS Code 99120420 is not available at this time.
Quantity Unit:
The quantity unit for HS Code 99120420 is not available (NA). This means that the exact unit of measurement for the trade of milk powder products under this HS code may vary depending on the specific requirements of the importing and exporting countries.
Special Tariff Preference Programs:
HS Code 99120420 benefits from a special tariff preference program known as "Free (MA)." This program provides preferential treatment for milk powder products imported from and exported to Morocco. The exact details and conditions of this program may vary, and it is advisable for traders to consult the relevant authorities and documentation for further information.
Importing US States and Exporting US States:
As HS Code 99120420 is an international product classification, it is applicable to trade involving various countries, including the United States. The specific importing and exporting US states for milk powder products falling under this HS code may vary depending on the trading partners involved in a particular transaction.
HS Code 99120420 pertains to MA goods in subheading 0402.10.50, 0402.21.25, and similar milk powder products. It is crucial for traders and stakeholders in the milk powder industry to understand and comply with the regulations and requirements associated with this HS code. By doing so, they can ensure smooth international trade and maintain the quality and safety standards of milk powder products.