If you are involved in international trade, you may have come across the term HS Code, which stands for Harmonized System Code. HS Codes are used to classify and categorize goods for customs purposes. In this article, we will delve into the details of HS Code 99120448 and provide you with a comprehensive understanding of its product description, duty rates, quantity unit, and special tariff preference programs.
The product description of HS Code 99120448 refers to MA goods in subheading 1901.10.30, 1901.10.40, 1901.10.75, or 1901.10.85 over note 7 TRQ. Let's break down this description for better clarity:
Bound or Most Favored Nation (MFN) duty rate refers to the tariff rate imposed on goods when a country lowers a trade barrier or opens up a market. The principle behind this rate is that a country must apply the same duty rate for the same goods or services from all its trading partners. Unfortunately, specific information about the bound or MFN duty rate for HS Code 99120448 is not available.
For HS Code 99120448, the quantity unit is denoted as Not Available (NA). This means that the data regarding the specific unit of measurement for these goods is not provided in the available information.
Special tariff preference programs aim to provide certain benefits or concessions for the import or export of goods. In the case of HS Code 99120448, the special tariff preference program is as follows:
This means that the goods falling under HS Code 99120448 will be subject to a tariff of 75.9 cents per kilogram, along with an additional 10.9% tariff rate. These tariffs apply specifically to trade with Morocco.
HS Code 99120448 does not provide specific information about the importing and exporting US states. Therefore, it is essential to refer to additional resources or consult with relevant authorities to determine the specific states involved in the import or export of goods classified under this HS Code.
HS Code 99120448 represents MA goods falling under specific subheadings related to imports or exports with Morocco. While the bound or MFN duty rate, quantity unit, and importing/exporting US states may not be explicitly provided, the special tariff preference program offers insights into the applicable tariffs for these goods. Understanding HS Codes and the associated information is crucial for businesses engaged in international trade.