The Harmonized System (HS) Code 99120750 refers to "MA other than powder or flour" in the subheading 0712.90.40. This code is used to classify and identify a specific type of product for international trade purposes. It is important to understand the details and implications of this HS code for importers and exporters.
In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states associated with HS Code 99120750.
The product classified under HS Code 99120750 is "MA other than powder or flour" in the subheading 0712.90.40. This indicates that the product falls under category 0712 (Vegetables, fruits, nuts, etc.) and has a specific description related to "MA" (more specific details about the product may be required).
It is important to note that the product should not be in the form of powder or flour. If the product meets all the criteria mentioned in the subheading, it can be classified under HS Code 99120750.
When 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 applied to the duty rates associated with HS Code 99120750.
The specific duty rate for this HS Code may vary depending on the country. Importers and exporters should consult the customs authorities or trade agreements to determine the applicable duty rate for their specific trade transactions.
The quantity unit for HS Code 99120750 is not available (NA). This means that the specific unit of measurement for the product is not explicitly defined or standardized. Importers and exporters should refer to the relevant trade documents or consult with customs authorities for further clarification on quantity units.
A special tariff preference program associated with HS Code 99120750 is the rate of 21.8% (MA) under the Morocco Special Rate. This program provides a preferential tariff rate for imports and exports between the specified countries (in this case, Morocco).
Importers and exporters who are eligible for this special tariff preference program can benefit from the reduced duty rate, making their trade transactions more competitive and cost-effective.
For importers in the United States, HS Code 99120750 can be used to classify and identify the specific product being imported. Importers located in any state within the US can utilize this HS Code for their import declarations and customs clearance processes.
For exporters in the United States, HS Code 99120750 can be used to classify and identify the specific product being exported. Exporters located in any state within the US can utilize this HS Code for their export declarations and documentation.
It is important for both importers and exporters to accurately classify their products under the appropriate HS Code to ensure compliance with customs regulations and to facilitate smooth international trade transactions.
HS Code 99120750 is used to classify "MA other than powder or flour" in the subheading 0712.90.40. Understanding the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states associated with this HS Code is essential for importers and exporters engaged in international trade.