HS Code 99120478 refers to a specific product category based on the data provided. It is important to understand the significance of HS codes as they play a crucial role in international trade. In this article, we will delve into the details of this particular HS code and explore its various aspects.
The goods falling under HS Code 99120478 are classified under subheadings 0406.10.78, 0406.20.87, 0406.30.87, 0406.90.94, or 1901.90.36. These subheadings represent specific categories of products. It is important to note that the subheadings provide a more detailed classification within the broader HS code system.
Subheading 0406.10.78 represents a specific type of product within the broader category of goods covered by HS Code 99120478. Similarly, subheadings 0406.20.87, 0406.30.87, 0406.90.94, and 1901.90.36 provide further classification for different types of products falling under this HS code.
The bound or Most Favored Nation (MFN) duty rate refers to the tariff imposed on goods imported under HS Code 99120478. It is essential to understand that every country, when it lowers a trade barrier or opens up a market, must do so for the same goods or services from all its trading partners.
In the context of HS Code 99120478, the bound or MFN duty rate represents the tariff rate applicable to the imported goods falling under this HS code. This rate ensures fairness and equal treatment for trade partners in terms of import duties.
Unfortunately, the data provided does not include information about the quantity unit associated with HS Code 99120478. The quantity unit specifies the measurement or quantity in which the goods are traded. It could be kilograms, liters, pieces, etc. In this case, the quantity unit is not available (NA), and further information is needed to determine the specific measurement for this HS code.
Under the special tariff preference programs, specific rates are applied to goods imported under HS Code 99120478. In this case, the rate is 82.7 cents per kilogram (kg). This special rate is applicable for imports from Morocco, as indicated by the abbreviation "MA" in the data provided.
These special tariff preference programs aim to foster trade relationships and provide certain advantages to specific trading partners. In the case of HS Code 99120478, imports from Morocco enjoy the benefit of a reduced tariff rate, promoting trade between the importing and exporting countries.
The data provided does not include specific information about the importing and exporting US states for HS Code 99120478. However, it is important to note that the HS code system is used globally, and each country has its own import and export regulations.
In the case of the United States, different states may have varying levels of import and export activities related to HS Code 99120478. The importing US states would be those states where goods falling under this HS code are brought into the country, while the exporting US states would be those states from where these goods are shipped to other countries.
HS Code 99120478 represents a specific category of goods that fall under subheadings 0406.10.78, 0406.20.87, 0406.30.87, 0406.90.94, or 1901.90.36. It is important to understand the various aspects related to this HS code, such as the bound or MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS codes are essential for international trade as they provide a standardized classification system for goods. They facilitate trade negotiations, tariff calculations, and statistical analysis. Understanding HS codes is crucial for businesses engaged in international trade and customs authorities responsible for regulating imports and exports.