HS Code 99120741 refers to MA powder or flour in subheading 0712.90.40. This specific HS code is used to classify a particular type of product, namely MA powder or flour, under the subheading 0712.90.40. Understanding the significance of HS codes is crucial for international trade and customs regulations.
The Harmonized System (HS) is an international nomenclature developed by the World Customs Organization (WCO). It is used as a standard classification system to identify and categorize products traded across borders. HS codes consist of a series of digits that provide a specific code for each product, allowing customs authorities to determine the appropriate duties, taxes, and regulations associated with the product.
MA powder or flour falls under the subheading 0712.90.40. This classification is specifically used for products made from maize, commonly known as corn. MA powder or flour is derived from processed corn kernels and is widely used in various food industries.
MA powder or flour has a wide range of applications in the food industry. It is commonly used as a primary ingredient for the production of corn-based products such as tortillas, corn chips, cornbread, and cornstarch. Additionally, it serves as a thickening agent in soups, sauces, and gravies due to its high starch content.
Furthermore, MA powder or flour is also utilized in the production of animal feed, providing essential nutrients to livestock. Its versatility and nutritional value make it a valuable commodity in both human and animal consumption.
HS codes play a vital role in international trade by ensuring accurate classification and identification of products. Each country has its own customs regulations and tariffs, and HS codes assist in determining the appropriate duties and taxes associated with imported or exported goods.
By using HS Code 99120741 for MA powder or flour, importers and exporters can easily navigate through customs procedures and comply with international trade regulations. This code helps customs authorities in different countries to categorize and monitor the movement of specific products efficiently.
Using HS Code 99120741 for MA powder or flour offers several benefits for businesses involved in international trade:
HS Code 99120741 plays a significant role in classifying and identifying MA powder or flour under the subheading 0712.90.40. Understanding the importance of HS codes is crucial for businesses engaged in international trade, as they help ensure smooth customs clearance, accurate tariff calculation, and compliance with regulations. By adhering to the proper classification system, businesses can facilitate global trade and contribute to a more efficient and transparent trading environment.