HS Code 99120743 refers to MA powder or flour falling under subheading 0712.90.40. The powder or flour in question has a value of not less than 21.2 USD per kilogram but not exceeding 31.8 USD per kilogram. It should be noted that this entry is subject to Trade Remedy Quotas (TRQ) as per note 10.
When it comes to import or export of goods, the Harmonized System (HS) codes play a crucial role in international trade. These codes are used worldwide to classify and categorize different products for customs and statistical purposes. The HS code 99120743 specifically identifies MA powder or flour in the international trade market.
Bound duty rate refers to the maximum tariff rate that a country can impose on a specific product or service. In the case of HS Code 99120743, the bound duty rate is not specified in the available data. However, the Most Favored Nation (MFN) duty rate is an important aspect to consider. Every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment for all trading partners.
Unfortunately, the available data does not provide information about the quantity unit for HS Code 99120743. The quantity unit is typically used to specify the measurement unit for the product being traded, such as kilograms, liters, or pieces.
HS Code 99120743 is eligible for a special tariff preference program with a rate of 25.8%. The special rate applies to Morocco (MA). This means that if the import or export of MA powder or flour is conducted between Morocco and any other country, a reduced tariff rate of 25.8% will be applicable.
The available data does not provide specific information about which US states are involved in importing or exporting HS Code 99120743. However, it is important to note that the HS code system is used globally, and the United States is an active participant in international trade. Therefore, it is likely that various US states engage in the import or export of MA powder or flour falling under this HS code.
HS Code 99120743 represents MA powder or flour falling under subheading 0712.90.40. The code helps in classifying and identifying the product for customs and statistical purposes. It is subject to TRQ and is eligible for a special tariff rate of 25.8% under Morocco Special Rate. While specific information about the bound duty rate and quantity unit is not available, the code plays an important role in regulating international trade and ensuring fair treatment among trading partners.