The Harmonized System (HS) Code is an internationally recognized system for classifying and coding goods in international trade. It provides a standardized way to identify and classify products, making it easier for customs authorities, traders, and statisticians to track and analyze trade flows.
In this article, we will delve into the HS Code 99120717, which specifically relates to MA goods falling under subheading 0712.20.40 with a minimum weight of 31.5 grams per kilogram.
Product Description: MA goods are a specific category of products that fall within the broader classification of subheading 0712.20.40. This subheading refers to a particular type of product, and the HS Code 99120717 is used to specifically identify and classify MA goods falling under this subheading.
Subheading 0712.20.40: This subheading is part of the broader HS Code classification for vegetables, fruits, nuts, and other edible parts of plants. It specifically covers dried vegetables, whole, cut, sliced, broken, or in powder form. The weight requirement of >=31.5 grams per kilogram further narrows down the classification to a specific quality or grade of MA goods.
The HS Code 99120717 is essential for customs authorities and traders to accurately identify and classify MA goods falling under subheading 0712.20.40 with a minimum weight requirement. By using this code, customs can efficiently process trade transactions, apply the appropriate duty rates, and ensure compliance with import and export regulations.
Traders and businesses can benefit from understanding and using HS Code 99120717 as well. By correctly classifying their products, they can optimize their supply chain management, ensure accurate documentation, and facilitate customs clearance processes. Additionally, HS Codes play a vital role in trade statistics, allowing governments and organizations to analyze trade patterns, monitor market trends, and develop effective trade policies.
It is important to note that HS Codes are regularly revised and updated to adapt to changing trade dynamics and emerging product categories. Traders and businesses should stay updated with the latest HS Code revisions to ensure compliance and avoid any potential issues with customs authorities.
HS Code 99120717 specifically identifies and classifies MA goods falling under subheading 0712.20.40 with a minimum weight requirement of 31.5 grams per kilogram. Understanding and correctly using this code is crucial for customs authorities, traders, and statisticians involved in international trade. By adhering to HS Codes, businesses can streamline their operations, comply with regulations, and contribute to the overall efficiency of global trade.