The HS Code 99120440 refers to a specific product category, namely MA goods in subheading 1517.90.60 over note 7 TRQ. This code is used to identify and classify goods for international trade purposes. HS Codes are standardized codes that are used globally to categorize and classify products based on their characteristics and features.
Product Description:
MA goods in subheading 1517.90.60 over note 7 TRQ refers to a specific type of product that falls under subheading 1517.90.60. This subheading is part of the broader category of goods classified under HS Code 99120440. The details of the specific product and its characteristics can be found in the subheading.
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. This principle ensures fair and non-discriminatory treatment of goods and services in international trade. The bound or Most Favored Nation (MFN) duty rate is the maximum tariff rate that a country can apply to imports of a particular product. It represents the commitment of a country to provide equal treatment to all its trading partners.
Quantity Unit:
The quantity unit for HS Code 99120440 is not available (NA). This means that the specific product under this code is not measured or traded based on a specific quantity unit. The absence of a quantity unit indicates that the classification and trade of this product are based on other factors such as value, weight, or volume.
Special Tariff Preference Programs:
For HS Code 99120440, the special tariff preference program applicable is 25 cents/kg (MA). This means that imports of this specific product from a specific country, in this case, Morocco (MA), are subject to a preferential tariff rate of 25 cents per kilogram. This special rate is designed to promote trade and cooperation between the importing country and Morocco.
Importing and Exporting US States:
HS Code 99120440 applies to goods imported into and exported from the United States. The specific states involved in the import and export of this product may vary depending on market demand and supply. However, as the United States is a major player in international trade, it is likely that goods classified under this HS code would be imported and exported by various states across the country.
HS Code 99120440 represents MA goods in subheading 1517.90.60 over note 7 TRQ. This code is used to classify and categorize specific products for international trade purposes. Understanding the details and implications of this code is essential for businesses and policymakers involved in global trade. The bound / MFN duty rate, quantity unit, special tariff preference programs, and importing/exporting US states are all important factors to consider when dealing with goods falling under this HS code.