When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying different products. In this article, we will delve into the details of HS Code 99120473 and explore its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 99120473 refers to a specific category of goods falling under subheading 0406.10.28, 0406.20.33, 0406.20.67, 0406.30.28, 0406.30.67, 0406.90.12, or 0406.90.78. These subheadings indicate the specific type or variety of the goods being imported or exported.
It is important to note that product descriptions defined by HS Codes are essential for customs authorities to accurately identify the goods and apply the appropriate regulations and duties.
The Bound / MFN (Most Favored Nation) duty rate is a crucial aspect of international trade. It ensures that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. In the case of HS Code 99120473, the specific duty rate will vary depending on the importing and exporting countries.
It is advisable for importers and exporters to consult the relevant customs authorities or trade agreements to determine the exact duty rates associated with HS Code 99120473 for their specific trade routes.
Unfortunately, the quantity unit for HS Code 99120473 is not available (NA). The absence of a specified quantity unit indicates that the measurement or unit of quantity for this particular HS Code may vary based on the specific product being imported or exported.
Importers and exporters dealing with HS Code 99120473 should ensure that they accurately report the quantity and associated unit of measurement as required by the customs authorities of the respective countries.
One notable aspect of HS Code 99120473 is the special tariff preference program offered by certain countries. In this case, the special rate for this HS Code is 90 cents/kg for imports from Morocco.
Special tariff preference programs are designed to promote trade and economic cooperation between countries. Importers and exporters should be aware of such programs and take advantage of the favorable tariff rates offered, especially when dealing with HS Code 99120473.
The specific importing and exporting US states associated with HS Code 99120473 may vary depending on various factors such as market demand, supply chain logistics, and trade agreements. It is essential for importers and exporters to research and identify the states involved in their specific trade transactions.
By understanding the specific states involved in the import and export of goods classified under HS Code 99120473, businesses can effectively plan their logistics, comply with state-specific regulations, and ensure smooth trade operations.
HS Code 99120473 encompasses a specific category of goods with detailed product descriptions falling under various subheadings. It is crucial for importers and exporters to be aware of the bound / MFN duty rates, quantity unit (if available), and any special tariff preference programs associated with HS Code 99120473. By staying informed and complying with the regulations, businesses can navigate international trade successfully.