HS Code 99120450 refers to a specific classification for MA goods in subheading 1901.90.43 or 1901.90.47. This code is used to identify and classify products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and any special tariff preference programs associated with it.
The product description for HS Code 99120450 is MA goods in subheading 1901.90.43 or 1901.90.47. Subheading 1901.90.43 and 1901.90.47 fall under Chapter 19 of the Harmonized System (HS) classification, which specifically covers preparations of cereals, flour, starch, or milk; pastrycooks' products. These subheadings may include various food products such as biscuits, wafers, pastries, and similar items.
It is important to note that the product description mentioned in this HS code is limited to MA goods specifically falling under subheading 1901.90.43 or 1901.90.47. Other goods falling under different subheadings within Chapter 19 would have their own separate HS codes.
The bound / most-favored-nation (MFN) duty rate is an important aspect of international trade. It refers to the rate at which a country imposes import duties on a particular product. The principle of MFN treatment ensures that 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.
Unfortunately, the specific bound / MFN duty rate for HS Code 99120450 is not available in the provided data. It is crucial for importers and exporters to be aware of the applicable duty rates for their products to plan their trade activities effectively.
The quantity unit for HS Code 99120450 is not available (NA) in the provided data. The quantity unit is an important aspect of international trade, as it helps in determining the volume or weight of the goods being traded. It is important for importers and exporters to know the quantity unit to accurately calculate costs and logistics related to their trade activities.
HS Code 99120450 is associated with a special tariff preference program specifically for imports from Morocco. The tariff rate for these imports is 75.9 cents per kilogram (kg) plus an additional 9.9% of the value of the goods. This special rate is applicable for goods falling under HS Code 99120450 when imported from Morocco.
Special tariff preference programs are designed to provide certain trade benefits to specific countries or regions. These programs aim to promote economic cooperation and incentivize trade between the participating countries. Importers and exporters should be aware of such programs to take advantage of any preferential tariff rates and benefits they offer.
The data provided does not specify the importing US states or the exporting US states associated with HS Code 99120450. However, it is important to note that the HS code system is universally used for international trade classification. Therefore, this HS code can be used for trade between the United States and any other country, regardless of the specific states involved.
HS Code 99120450 is used to classify MA goods falling under subheading 1901.90.43 or 1901.90.47. Importers and exporters dealing with these goods should consider the product description, duty rates, quantity unit, and any special tariff preference programs associated with this HS code. Being well-informed about the details of HS Code 99120450 is crucial for conducting successful and compliant international trade activities.