The HS Code 99120454 refers to a specific classification code used in international trade to identify a particular product or goods. In this case, the code is related to MA goods in subheading 2202.90.28, which falls under the TRQ (Tariff Rate Quota) category. Let's explore more about this HS Code and its implications.
The product description associated with HS Code 99120454 is "MA goods in subheading 2202.90.28 over note 7 TRQ." This indicates that the goods belong to a particular category or subheading, specifically 2202.90.28. The "MA" likely refers to the country of origin or export, which could be Morocco based on the provided data.
It's important to note that the HS Code system is globally recognized and helps in standardizing the classification of goods for trade purposes. By having a specific HS Code assigned to a product, it becomes easier for customs authorities and traders to identify and categorize the products accurately.
The bound or Most Favored Nation (MFN) duty rate is an important aspect of international trade. It refers to the rate of duty applied to a particular product when it is imported into a country. The principle behind the MFN duty rate is that every country should treat all its trading partners equally. Therefore, if 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.
In the case of HS Code 99120454, the specific bound or MFN duty rate is not provided in the given data. However, it is essential to understand that duty rates can vary depending on the country of import and the specific product being imported. Importers should consult the relevant customs authorities or trade agreements to determine the applicable duty rates for their specific situation.
The quantity unit for HS Code 99120454 is not available (NA) in the provided data. The quantity unit is a crucial element when it comes to international trade, as it helps in determining the volume or quantity of goods being imported or exported. Common quantity units include kilograms, liters, pieces, etc. However, without the specific quantity unit, it is challenging to provide further information regarding the volume or quantity of the goods associated with this HS Code.
Special tariff preference programs can play a significant role in international trade, providing certain benefits or advantages to specific countries or products. In the case of HS Code 99120454, the special tariff preference program mentioned is "17.2cents/liter + 10.9% (MA)Detail:17.2cents/liter + 10.9%: Morocco Special Rate."
This information indicates that there is a special tariff rate applicable to the goods imported under HS Code 99120454 from Morocco. The rate is specified as 17.2 cents per liter plus an additional 10.9% of the value of the goods. This special rate is likely provided to promote trade between the importing country (not specified in the data) and Morocco.
The data does not provide specific information about the importing or exporting US states associated with HS Code 99120454. However, it is worth mentioning that the HS Code system is used globally, and each country may have its own specific import and export regulations and requirements.
When dealing with international trade, it is important for importers and exporters to be aware of the specific regulations and requirements of the countries involved. This includes understanding any licensing or documentation requirements, customs procedures, and import/export restrictions that may be in place.
HS Code 99120454 refers to MA goods in subheading 2202.90.28 over note 7 TRQ. While the provided data is limited, it gives us an insight into the product description, bound/MFN duty rate principles, quantity unit, special tariff preference programs, and the importance of considering importing and exporting US states. It is crucial for traders and importers to have a clear understanding of the HS Code system and its relevance in international trade to ensure compliance and smooth trade operations.