The HS Code 99120477 refers to a specific product description in various subheadings. These subheadings include 0406.10.68, 0406.20.83, 0406.30.53, 0406.30.83, or 0406.90.92, with an additional note 8 TRQ. In this educational article, we will delve into the details of this HS Code, exploring its significance, duty rates, quantity units, and special tariff preference programs.
The product description associated with the HS Code 99120477 falls under the subheadings mentioned above. Each subheading represents a specific category or type of goods. For example, subheading 0406.10.68 might indicate a certain type of product, while 0406.20.83 could represent a different variation of the same product. The additional note 8 TRQ further specifies the conditions or regulations that apply to the import or export of these goods.
When it comes to trade barriers and market opening, countries must maintain consistency in their approach. The bound / MFN (Most Favored Nation) duty rate ensures that whenever a country lowers a trade barrier or opens up a market, it must apply the same rules to all its trading partners. This principle promotes fair and equal treatment, preventing discrimination or favoritism in international trade.
Unfortunately, the specific quantity unit for the goods classified under the HS Code 99120477 is not available (NA). This information may vary depending on the nature of the product, its packaging, or other factors. It is essential for importers and exporters to determine the appropriate quantity unit for their specific goods to comply with customs regulations and accurately calculate costs.
The HS Code 99120477 is eligible for a special tariff preference program. Under this program, the duty rate for these goods is set at $1.01 per kilogram (MA). The abbreviation "MA" stands for Morocco Special Rate, indicating that this preferential tariff applies specifically to trade between Morocco and the importing country. Special tariff preference programs aim to promote economic cooperation and strengthen trade relationships between participating nations.
The HS Code 99120477 applies to both importing and exporting US states. This means that goods falling under this HS Code can be imported into or exported from any state within the United States. The specific regulations, documentation requirements, and customs procedures may vary depending on the state and the specific goods being traded. Importers and exporters should consult the relevant authorities and seek professional advice to ensure compliance with all applicable laws and regulations.
the HS Code 99120477 encompasses a range of goods falling under different subheadings. It is important for businesses involved in international trade to understand the product description, duty rates, and any special tariff preference programs associated with this HS Code. Compliance with customs regulations, accurate quantity unit determination, and awareness of importing and exporting states are crucial for successful trade operations.
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