Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99120705: A Comprehensive Guide to MA Goods in Subheading 0712.20.20 or 0712.20.40

If you are involved in international trade, you have probably come across HS codes. These codes are used to classify products for customs purposes. In this article, we will explore HS Code 99120705 and provide you with a detailed understanding of MA goods in subheading 0712.20.20 or 0712.20.40.

Product Description

HS Code 99120705 refers to MA goods in subheading 0712.20.20 or 0712.20.40 that are subject to U.S. note 9 TRQ. Let's break down this product description to understand it better.

• MA goods: MA stands for Morocco, indicating that the goods originate from or are related to Morocco.
• Subheading 0712.20.20 or 0712.20.40: These subheadings are part of the Harmonized System (HS) classification, which is used globally to standardize the classification of goods. Subheading 0712.20.20 or 0712.20.40 specifically represents a certain category of goods, although the exact details are not provided in the data.
• U.S. note 9 TRQ: TRQ stands for Tariff Rate Quota and refers to a trade policy measure that allows a certain quantity of goods to be imported at a reduced or zero tariff rate. U.S. note 9 indicates that there are specific provisions or conditions attached to the import of these goods.

Bound / MFN Duty Rate

Every time 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. This principle is known as the Most Favored Nation (MFN) treatment. The bound duty rate, also known as the maximum tariff rate, is the highest rate that a country can apply to imports of a specific product. Unfortunately, the data does not provide information about the bound or MFN duty rate for HS Code 99120705.

Quantity Unit

The data states that the quantity unit for HS Code 99120705 is not available (NA). This means that the specific unit of measurement for these goods is not provided. It could be kilograms, liters, pieces, or any other relevant unit depending on the nature of the product.

Special Tariff Preference Programs

HS Code 99120705 is eligible for a special tariff preference program called "Free (MA)". Let's delve into the details of this program:

• Free: This indicates that the goods imported under this HS code are eligible for duty-free treatment. Importers do not have to pay any customs duties on these goods, which can provide a significant cost advantage.
• Morocco Special Rate: The "MA" in the tariff preference program name refers to Morocco. It implies that the preferential treatment applies specifically to goods originating from or related to Morocco.

Importing and Exporting US States

Unfortunately, the data does not provide any information regarding the specific US states involved in importing or exporting HS Code 99120705. The import and export of these goods could vary across different states depending on their trading relationships and market demand.

HS Code 99120705 represents MA goods in subheading 0712.20.20 or 0712.20.40 subject to U.S. note 9 TRQ. These goods are eligible for a special tariff preference program called "Free (MA)", indicating duty-free treatment for goods originating from or related to Morocco. While the data does not provide information about the bound / MFN duty rate or the quantity unit, it offers valuable insights into the classification and preferential treatment of these goods in international trade.