When it comes to international trade, it is crucial to have a standardized system for classifying products. One such system is the Harmonized System (HS) code, which is used by customs authorities around the world to identify and categorize goods. HS Code 99120746 pertains to a specific product category: MA other than powder or flour in subheading 0712.90.40, weighing less than 12?/kg.
Let's break down the information provided in the data to gain a better understanding of this HS code.
The product description for HS Code 99120746 is "MA other than powder or flour in subheading 0712.90.40 < 12?/kg". This means that the product falls under the broader category of "MA" (more information on what MA stands for can be found in the subheading 0712.90.40) and weighs less than 12?/kg. Unfortunately, the data does not provide further details about the specific nature of the product.
The bound / MFN (Most Favored Nation) duty rate is an important aspect to consider when it comes to international trade. It refers to the rate of duty that a country applies to imports of a particular product from all its trading partners. In other words, 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.
Unfortunately, the data does not provide information about the specific bound / MFN duty rate for HS Code 99120746. It is essential for importers and exporters to be aware of the duty rates applicable to their products, as it directly impacts the cost of trade.
The data states that the quantity unit for HS Code 99120746 is not available (NA). This means that there is no specific unit of measurement mentioned for this product. It could be sold or traded based on weight, volume, or any other appropriate unit.
Special tariff preference programs can provide certain benefits to importers and exporters, such as reduced duty rates or exemptions. For HS Code 99120746, the data indicates a special tariff preference program rate of 29.8% (MA). This means that importers or exporters who qualify for the program can enjoy a reduced duty rate of 29.8% specifically for trade with Morocco.
It is important for businesses to be aware of special tariff preference programs that they may be eligible for, as it can significantly impact the competitiveness of their products in the global market.
Unfortunately, the data does not provide any information about the specific US states involved in the import or export of HS Code 99120746. However, it is worth noting that the HS code system is used globally and is not limited to any particular country or region. Therefore, this HS code could be applicable to imports and exports involving any US state.
HS Code 99120746 refers to a specific product category: MA other than powder or flour in subheading 0712.90.40, weighing less than 12?/kg. While the data provided is limited, it highlights the importance of understanding HS codes, duty rates, quantity units, and special tariff preference programs in international trade. Businesses involved in importing or exporting products falling under this HS code should ensure they have accurate and up-to-date information to effectively navigate the global market.