When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying goods for customs purposes. In this article, we will delve into the details of HS Code 99120432 and explore its product description, duty rates, quantity unit, and special tariff preference programs. So, let's begin our journey of understanding this HS Code.
HS Code 99120432 refers to goods classified under subheading 0402.91.70 or 0402.91.90, with an additional note 7 TRQ. The subheading 0402.91.70 represents a specific category of goods, and the same applies to subheading 0402.91.90. To determine the exact nature of the goods falling under this HS Code, it is essential to refer to the corresponding subheadings in the international trade classification system.
Every time a country lowers a trade barrier or opens up a market, it is obligated to apply the same treatment to all its trading partners for the same goods or services. When it comes to HS Code 99120432, the bound or most-favored-nation (MFN) duty rate would be applicable. The MFN duty rate ensures that all trading partners are treated equally, regardless of any preferential agreements or special tariff programs.
Unfortunately, the specific quantity unit for goods falling under HS Code 99120432 is not available (NA). This means that the unit of measurement for these goods is either not specified or varies depending on the specific product being imported or exported. It is crucial for traders and customs officials to determine the quantity unit precisely to ensure accurate measurement and valuation of the goods.
For goods classified under HS Code 99120432, there is a special tariff preference program available. The duty rate for these goods is 22.9 cents per kilogram (MA). The abbreviation "MA" stands for Morocco, indicating that this special rate applies specifically to trade between the importing and exporting countries. It is essential to take advantage of such special tariff preference programs to promote bilateral trade and economic cooperation.
HS Code 99120432 applies to various importing and exporting US states. The specific states involved in the import and export of goods falling under this HS Code may vary depending on the nature of the goods and the trading patterns. It is crucial for traders to identify the relevant states and comply with any specific regulations or requirements set forth by each state's customs authorities.
HS Code 99120432 encompasses goods falling under subheading 0402.91.70 or 0402.91.90 with an additional note 7 TRQ. Traders should be aware of the bound or MFN duty rate, the absence of a specific quantity unit, and the availability of special tariff preference programs. By understanding and adhering to the regulations associated with this HS Code, traders can ensure smooth international trade operations and take advantage of any benefits or incentives offered.