The Harmonized System (HS) Code is an internationally recognized system for classifying goods. Each HS code represents a specific product or group of products. In this article, we will explore HS Code 99120423, which pertains to MA goods in subheading 0403.90.45 or 0404.10.90 over Note 6 TRQ.
Product Description:
HS Code 99120423 covers goods that fall under subheading 0403.90.45 or 0404.10.90. The specific details of these goods are not provided in the available data. However, subheading 0403.90.45 refers to certain dairy products, while subheading 0404.10.90 relates to certain processed fish products. These goods are subject to specific trade regulations and tariffs.
Bound / MFN Duty Rate:
When a country lowers a trade barrier or opens up a market, it is required to do so for the same goods or services from all its trading partners. This principle, known as the Most Favored Nation (MFN) principle, ensures equal treatment for all trading partners. The bound duty rate refers to the maximum tariff rate that a country can impose on specific goods, as agreed upon in international trade agreements.
Quantity Unit:
Unfortunately, the quantity unit for HS Code 99120423 is not available in the provided data. The quantity unit is typically used to indicate the measurement or quantity of the goods being imported or exported.
Special Tariff Preference Programs:
For HS Code 99120423, a special tariff preference program is available. The specific program mentioned is the Morocco Special Rate, which offers a tariff rate of 64.2 cents per kilogram (kg).
Importing and Exporting US States:
The data does not provide information about the specific importing and exporting US states for HS Code 99120423. However, it is important to note that the HS code system is used internationally, and the importing and exporting countries can vary depending on the specific trade transactions.
HS Code 99120423 pertains to MA goods in subheading 0403.90.45 or 0404.10.90 over Note 6 TRQ. While the available data is limited, it provides insight into the product description, bound duty rate, absence of quantity unit, special tariff preference programs, and the absence of information regarding importing and exporting US states. Understanding HS codes is crucial for international trade, as they facilitate the classification and regulation of goods across borders.