International trade relies on a standardized system known as the Harmonized System (HS) code, which helps classify goods for import and export purposes. Each product is assigned a unique HS code, allowing customs officials and traders to identify and categorize goods accurately. In this article, we will explore in detail the HS code 99120474, specifically focusing on MA goods in subheadings 0406.10.38, 0406.20.39, 0406.20.71, 0406.30.38, 0406.30.71, 0406.90.54, or 0406.90.84 over note 8 TRQ.
HS code 99120474 refers to a specific category of goods falling within the mentioned subheadings. These subheadings are associated with products in the food industry, particularly those related to meat, dairy, and other animal-based products. It is essential for importers and exporters dealing with these goods to familiarize themselves with the corresponding HS code to ensure smooth international trade transactions.
One crucial aspect of international trade is the bound or most-favored-nation (MFN) duty rate. Whenever a country decides to lower a trade barrier or open up its market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and non-discriminatory treatment among trading nations. HS code 99120474 falls under this principle, and any changes in duty rates will apply universally to MA goods in the mentioned subheadings.
Unfortunately, the quantity unit for HS code 99120474 is not available (NA). This means that the specific unit of measurement for these goods is not specified in the data provided. However, it is crucial to consult the relevant trade documents and regulations to determine the appropriate quantity unit when dealing with MA goods under this HS code.
Furthermore, there are special tariff preference programs applicable to HS code 99120474. The tariff rate for these goods is 77.3 cents per kilogram (MA). This rate is associated with the Morocco Special Rate, indicating that certain trade agreements or preferences exist between the importing country and Morocco. Importers and exporters should take advantage of such programs to benefit from reduced tariffs and promote trade relations between the involved parties.
It is worth noting that HS code 99120474 applies to international trade involving the United States. Importing and exporting US states are the jurisdictions where these goods are either brought into or shipped out of the country. Traders should remain aware of the specific regulations and requirements set by the US customs authorities when dealing with MA goods falling under this HS code.
HS code 99120474 encompasses MA goods in subheadings 0406.10.38, 0406.20.39, 0406.20.71, 0406.30.38, 0406.30.71, 0406.90.54, or 0406.90.84 over note 8 TRQ. This HS code is relevant to international trade, especially in the food industry, where it classifies specific products related to meat, dairy, and animal-based goods. Importers and exporters should be familiar with the associated duty rates, special tariff preference programs, and the importing/exporting US states when dealing with HS code 99120474. By understanding and complying with these regulations, traders can ensure smooth and compliant trade transactions in this particular category of goods.