When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is an internationally recognized code that helps identify products and determine their import and export requirements. In this article, we will delve into the details of HS Code 99120439, specifically focusing on MA goods in subheading 0405.20.70 or 2106.90.66 over note 7 TRQ.
HS Code 99120439 represents a specific category of goods that fall under the subheadings 0405.20.70 or 2106.90.66. These subheadings are used to classify particular types of products, and understanding their implications is crucial for international traders and policymakers.
Product description:
Bound / MFN duty rate:
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 Bound / MFN (Most Favored Nation) duty rate is the standard tariff rate applied to imports under normal trading conditions. In the case of HS Code 99120439, the specific duty rate may vary depending on the importing and exporting countries.
Quantity unit:
Unfortunately, the specific quantity unit for HS Code 99120439 is not available (NA). The absence of a quantity unit may indicate that the classification is not based on a specific quantity but rather on the nature or type of the product.
Special tariff preference programs:
In some cases, specific tariff preference programs may apply to certain products under HS Code 99120439. For example, the tariff rate may be reduced or exempted for goods imported from or exported to certain countries or regions. In the case of MA goods in subheading 0405.20.70 or 2106.90.66 over note 7 TRQ, a special tariff rate of 51.6 cents/kg + 6.2% applies for imports from Morocco.
Importing US states:
HS Code 99120439 applies to imports into the United States. It is crucial for businesses and individuals involved in international trade to adhere to the import requirements set forth by the US government.
Exporting US states:
HS Code 99120439 is relevant for exports from the United States. Exporters should ensure compliance with the export regulations imposed by the US government to avoid any legal complications or delays in their international trade activities.
HS Code 99120439 identifies MA goods in subheading 0405.20.70 or 2106.90.66 over note 7 TRQ. Understanding the details and implications of this HS Code is essential for importers, exporters, and policymakers involved in international trade. Compliance with the specific import and export requirements associated with this HS Code is crucial for smooth and legal trade operations.